- PEPE struggles after a 57% drop but shows signs of a possible breakout.
- Technical indicators hint at recovery, but weak buying pressure limits upward movement.
- Market trends will decide if PEPE rebounds or faces further declines.
Pepe Coin—PEPE, once captured massive attention, but demand has faded. A 57% yearly drop has left traders questioning the future. Some believe a breakout could still happen, while others expect more losses. Recent price action and technical indicators tell two different stories. Will PEPE recover, or will bearish pressure keep gains out of reach?
Falling Wedge Pattern Signals a Possible Breakout
A falling wedge pattern has formed, a setup often linked to bullish breakouts. PEPE remains stuck, struggling to push past resistance. Without stronger buying pressure, recovery efforts may fail. Over the past 24 hours, PEPE gained 6.7%, climbing from $0.0000078 to $0.0000082. This small rebound has sparked cautious optimism.
This pattern often signals a reversal, but momentum remains too weak. Bearish patterns reinforce ongoing struggles. The Bull Bear Power (BBP) reading stays negative, showing sellers still control the market. The Awesome Oscillator (AO) remains in the red, confirming weak momentum. Without a break above $0.0000090, prices could drop to $0.0000065.
Can PEPE Still Deliver a Massive Surge?
Despite struggles, some traders believe a breakout is still possible. The Market Value to Realized Value (MVRV) ratio has entered the “opportunity zone,” a level linked to strong rallies. The last time this metric reached similar levels, PEPE experienced a massive price surge.
The Relative Strength Index also hints at a potential reversal. A bullish divergence suggests an oversold state. Increased buying pressure could fuel a 245% surge, pushing PEPE toward December’s all-time high of $0.00002830.
A market strategist noted that technical indicators suggest a rebound, but overall sentiment holds more weight. If Bitcoin and Ethereum gain strength, meme coins could follow. If weakness continues, PEPE may struggle to escape prolonged losses.
