Pepe (PEPE) Coin Price Prediction: PEPE Teeters on Critical Support Amid Growing Volatility — What’s Next?

The meme coin sensation Pepe (PEPE) is walking a tightrope as it hovers near critical support zones, with the market torn between looming downside risks and emerging bullish signals.

As of June 28, PEPE is trading near $0.000000920, down more than 41% from its recent high, raising pressing questions about whether the Pepe coin price is about to collapse or stage a comeback.

Technical patterns on the Pepe Coin price chart show PEPE approaching its 0.618 Fibonacci retracement level at around $0.00000078, a zone widely viewed as a make-or-break support. A drop below this level could drag the crypto Pepe coin toward the psychological floor of $0.00000050, which would represent a further 40% decline from current levels.

Bearish Sentiment Dominates, But Bounce Still Possible

From a technical standpoint, the PEPE price chart reflects clear selling pressure. The Relative Strength Index (RSI) is nearing oversold territory, currently sitting just above 35. This suggests there could still be room for further downside before speculative buyers return in force. Still, such oversold conditions have historically preceded short-term rebounds.

Pepe Coin price fell 6% on June 26 amid fading market momentum, but a bullish chart pattern and renewed whale accumulation suggest a potential $0.000013 retest. Source: BITRAF_CRYPTO on TradingView

In the best-case scenario, a bounce from current levels could push PEPE back toward $0.00000100 to $0.00000120. However, for a sustained bullish move, analysts agree the Pepe coin price would need to reclaim $0.00000150 with high volume—something that currently looks unlikely without a fresh wave of market excitement or major PEPE news.

Whale Accumulation Hints at a Bullish Undercurrent

Despite the overall bearish backdrop, there are a few bullish signals beneath the surface. One standout metric is whale accumulation. According to on-chain data, large holders have increased their PEPE positions by over 7% in the past month. The top 100 PEPE addresses now hold nearly 304 trillion tokens, while exchange balances have dropped to 248.1 trillion, down 2.3% over 30 days.

“This trend suggests whales are anticipating a price recovery,” noted Crispus Nyaga in a recent analysis. “Investors tend to withdraw tokens from exchanges when they expect prices to rise.”

Additionally, public figure investors have been increasing their holdings, with one report showing a jump of over 1.3 billion coins between June 23 and June 27.

Falling Wedge Pattern Signals Potential Reversal

A glimmer of hope for bullish traders comes in the form of a falling wedge pattern on the daily Pepe coin price chart. This pattern, characterized by two converging downward-sloping trendlines, typically precedes bullish reversals. The upper trendline links lower highs since May 23, while the lower trendline connects lower lows starting May 11.

Pepe appears poised for a breakout from its falling wedge pattern, with a daily RSI trend reversal likely to signal shifting market sentiment. Source: Crypto-RyGuy on TradingView

If PEPE breaks out of this pattern to the upside—as falling wedges often do—it could surge as high as $0.0000139, a move that would represent a 50%+ gain from current prices. However, that optimistic scenario hinges on the price holding above this week’s low of $0.00000832.

“A drop below $0.00000832 would invalidate the bullish case and likely send PEPE toward its year-to-date low of $0.00000574,” warned analysts from Crypto News.

Final Thoughts on the PEPE Price Prediction

At this crossroads, the Pepe coin value faces two divergent paths. On one hand, weakening technicals, a downbeat crypto market, and fading hype could drag PEPE toward micro-cap territory. On the other, increasing whale activity, falling exchange balances, and a technically bullish chart pattern may fuel a surprise recovery.

Pepe (PEPE) Coin was trading at around $0.000009080, down 2.20% in the last 24 hours at press time. Source: Brave New Coin

Whether the PEPE price prediction leans bearish or bullish in the days ahead will depend heavily on how the token performs at its current support levels. Traders and investors should keep a close eye on $0.00000078 and $0.00000050 as the key zones that could shape the trajectory of Pepe Coin news going into July.