- PEPE confirmed its bear flag pattern and reached the projected zone near $0.000001 on KuCoin charts.
- Analysts now focus on whether support at this level can trigger a fresh recovery in the coming sessions.
- Market sentiment remains cautious but technical data shows a possible shift toward accumulation and trend change soon.
PEPE coin has confirmed a bear flag breakdown after several weeks of consolidation, according to chart analysis shared by Steph Is Crypto. The pattern, spotted on the weekly KuCoin chart, had been forming since mid-2024 and recently played out as predicted. The chart revealed a rising parallel channel that aligned with the classical “bear flag” setup, often signaling a continuation of a prior downtrend. Following this breakdown, PEPE retreated sharply before showing minor stabilization within the $0.00000090 to $0.00000150 range.
Steph Is Crypto, who first called the setup in early September, confirmed that the pattern unfolded “perfectly” as price followed the projected path. The move validated technical expectations based on prior market behavior and highlighted how established chart patterns continue to influence meme coin trading psychology.
Despite the bearish setup’s completion, traders are now eyeing potential signs of recovery. Momentum indicators, according to the analyst, may soon flip as price searches for support to form a new base.
The larger structure remains intact on higher timeframes, suggesting that the market could transition into another accumulation phase before renewed strength appears.
Technical Breakdown and Price Structure Analysis
The bear flag shown on the weekly PEPE/USDT chart demonstrated a textbook configuration: a sharp downward pole followed by an upward-sloping consolidation channel. This setup typically precedes another move in the direction of the initial trend.
From a structural perspective, PEPE’s pattern had narrowed toward its apex by early October, indicating mounting pressure. Once the support line gave way, the token’s decline confirmed the bearish projection identified in the September analysis.
The breakdown pushed PEPE toward lower liquidity zones, but traders noted that such moves can often precede mid-term reversals once exhaustion levels are reached. The analyst’s visual chart indicated that prices could stabilize around the lower end of the structure before regaining traction.
At the time of analysis, PEPE traded near $0.00000100, reflecting a moderate consolidation phase after the recent decline. The setup aligns with historical flag formations that often result in cyclical movement—a drop, a retest, and potential recovery.
This pattern completion has prompted renewed discussion about whether the bear flag’s resolution might reset sentiment, allowing for stronger momentum to rebuild later.
Could this breakdown serve as the final stage before PEPE attempts to reclaim its prior resistance zone and aim for new highs?
Traders Anticipate Potential Momentum Reversal
Following the pattern’s resolution, market participants have turned their focus to whether PEPE can reestablish bullish momentum. The social post accompanying the chart captured this optimism, urging for a move “back to a new all-time high with haste.”
The call reflected growing interest from traders watching for early signs of accumulation. Historically, meme coins like PEPE have displayed volatile cycles where bearish phases quickly transition into sudden recoveries.
Steph Is Crypto’s observation highlights that once momentum shifts, resistance levels near $0.00000250 could become critical markers for confirmation of reversal strength. If sustained buying pressure emerges around current prices, a mid-term reversal could gain validity.
Community response has remained active, with traders debating whether this correction will pave the way for a renewed leg upward. Some view the completed bear flag as an opportunity to reset market structure, while others await confirmation through volume expansion before committing.
On the technical side, the flag’s breakdown remains consistent with classical pattern theory. However, short-term movements will likely depend on whether PEPE holds its consolidation base or continues trending lower toward $0.00000070 support.
As of now, analysts continue to monitor weekly closes to determine if momentum indicators, such as RSI and volume trends, begin signaling a recovery phase. A sustained bounce could provide the foundation for PEPE’s next directional move.
