The Pepe (PEPE) memecoin experienced another 10% dip on the day. This occurred as the general crypto market underwent another panic sell-off. The event increased fears of a bear market. However, analysts point out that the PEPE price rebound prediction is revealing a bullish historical trend. This could see the memecoin recover 100% or more from current levels.
Today’s dip saw PEPE revisit a 7-month low around $0.0(5)5871. This is a critical support zone that has historically triggered bullish reversals. A PEPE whale affirmed that the memecoin is now showing signs of a potential short-term reversal. This could offer relief for bulls from the current support zone. Crypto analyst Chandler Charts revealed that the last time $PEPE was oversold on the daily chart was in September 2023. At that time, many market participants gloomily predicted that the memecoin would never recover.
Suddenly, after retail optimism reached record lows, PEPE V-reversed over 100%. Bitcoinsesus, a Bitcoin Maxi who also trades memecoins, affirmed that despite the recent dip (PEPE dropping over 39% last month), the frog-themed memecoin is still in an uptrend on the high time frame (HTF). He revealed that PEPE is concluding a Flag 6 retest from the lower end, setting the stage for a big move up. This price action suggests significant potential.
Could PEPE’s historical pattern signal an imminent massive rebound of 100% or more?
On the technical front, the 2-day PEPE/USDT chart shows a classic accumulation and breakout pattern. The price has been consolidating within a broad horizontal support zone around 0.00000750-0.00000900. This has been for an extended period spanning from early 2024 through late 2024. This lengthy base-building phase suggests significant accumulation by investors at these levels.
The recent price action shows a decisive breakout from this consolidation zone. The price surged upward and is currently trading around 0.00009134. The projected continuation of this bullish momentum targets the previous high near 0.00002621. This could potentially extend toward 0.00003000 and beyond. Traders should watch for any pullbacks to the breakout zone around 0.00001000-0.00001200. This could now act as support and offer secondary entry opportunities. If PEPE could make a grand comeback, like it did in December 2024 (when it pumped over 200% in 3 days), Pepe-themed presale projects would also rally along. The economy of memecoins often follows these trends.
Smart investors are already positioning for this possibility in Pepenode (PEPENODE). It is a new mine-to-earn meme coin that gives everyday users the chance to earn from a virtual crypto mining game. PEPENODE has already attracted over $2 million in its ongoing presale. This shows strong early-stage investor interest. The mine-to-earn model works by having users create a virtual server room. They then deploy PEPENODE tokens to acquire Miner Nodes that produce mining power. Higher mining power translates directly into greater PEPENODE token rewards.
