A recent Pepe price prediction places the popular memecoin at a decisive turning point between two opposing scenarios. According to market analyst known as Sjuul from AltCryptoGems, the digital asset is torn between defending its historical support to spark a massive rebound or losing it fatally. Investors are watching cautiously to see if this technical level holds against the current selling pressure.
The market shows mixed signals, as Open Interest has climbed more than 50% in the last two weeks, reaching $249 million. On the other hand, the technical structure reveals a potential head-and-shoulders pattern that threatens price stability in the short term. If the current support fails, the token could suffer a 75% collapse, descending towards the $0.000001 zone.
Will Historical Support Prevent a Catastrophic Drop for the Digital Asset?
The current price zone has acted as a firm bottom since the rally observed in mid-2024, serving as a launchpad in previous cycles. However, this level represents the last barrier before a dangerous gap with little historical buying activity to cushion further drops. Defending this threshold is vital to maintain the bullish structure present over the last 19 months.
Additionally, while the MACD indicator hints at continued downside, the RSI is approaching the oversold zone, which has historically marked market bottoms. If buyers manage to reverse the trend and flip the triangle’s upper resistance into support, the scenario changes drastically. The asset could target its all-time highs near $0.000028, implying a potential 550% gain from current levels.
Finally, the momentum needed for this recovery could depend on external catalysts, such as a U.S. rate cut that revives risk appetite. Thus, the future of the memecoin is intrinsically linked to the global economy and the bulls’ ability to defend key levels. The market remains attentive to an imminent resolution regarding price direction in the coming weeks.
