Pepe (PEPE) is showing early signs of a possible breakout after weeks of downward pressure. The popular meme coin has dropped more than 36% this month, but technical indicators and community sentiment now point toward a potential reversal.
With whales reportedly accumulating and Bitcoin regaining strength above $107,000, many traders believe the green frog could soon make a strong comeback.
As the meme coin market regains momentum and altcoin season draws closer, Pepe may be gearing up for another explosive move.
In addition to $PEPE’s growing hype, this article will also explore a new Pepe-themed project that shows strong potential to become the next 100x crypto.
Source – 99Bitcoins YouTube Channel
Pepe Price Prediction
Pepe (PEPE) has seen a sharp decline of more than 36% this month, with its price action currently signaling potential further downside despite some underlying technical support.
In a recent update on X, market analyst Ali shared a technical outlook suggesting that $PEPE is forming a head and shoulders pattern, a classic bearish chart formation that often signals a potential trend reversal to the downside.
The chart he posted illustrates the left shoulder, head, and right shoulder structure. According to his analysis, if the pattern completes and breaks down below key support, Pepe’s price could drop toward $0.00000185. This projected downward target is a critical risk zone that traders will watch closely in the coming weeks.
Despite the clear bearish warning, other technical factors and on-chain metrics suggest the possibility of a strong bullish reversal that could invalidate the head and shoulders pattern.
One notable sign is the price action forming a completed Elliott Wave correction, which often precedes a significant upward movement. This setup brings Pepe closer to a key demand zone, hinting that the long-term downtrend may soon reverse.
Historically, when a token experiences deep correction levels, whales tend to start accumulating. Recent data indicates minor whale sell-offs, which may have contributed to short-term volatility.
However, periods of heavy selling often mark the end of a bearish phase, as smart money typically re-enters the market when sentiment is at its lowest. If this accumulation pattern plays out, it could spark renewed retail interest, leading to increased buying pressure and rapid upward momentum.
If a rally begins, Pepe could move through a parabolic rise, followed by short consolidation, before pushing to break key resistance levels and target a new all-time high.
Will Bitcoin’s Strength Spark the Next PEPE Bull Run?
Internal technical signals are now supported by a stabilizing external market environment. The broader meme coin sector shows early signs of recovery, with social buzz and investor activity gradually increasing.
This momentum could coincide with the start of altcoin season, especially as Bitcoin holds above $107,000, reflecting growing optimism across the crypto market. Elon Musk’s renewed meme posts have reignited enthusiasm in the space, often serving as a precursor to spikes in trading activity.
Community figures are also helping to restore confidence. Content creator Jake Gagain’s recent post, which features the Pepe meme holding a sign reading “BELIEVE IN ME” with the caption “Believe in $PEPE,” has struck a chord with the community, encouraging holders to stay confident as conditions improve.
With sentiment strengthening and Bitcoin showing resilience, Pepe could attract a new wave of retail interest.
Technical and psychological factors now create a crucial turning point: either the bearish head and shoulders pattern completes, or the combination of whale accumulation and bullish correction patterns drives a breakout to the upside.
If momentum remains positive through late October, Pepe could lead a wider meme coin rally into 2025, signaling the start of a new bull phase fueled by community energy, technical strength, and renewed market confidence.
Pepenode Presale Nears $2 Million as Traders Eye the Next 100x Crypto
Interest in altcoins and meme coins keeps growing, and a new project called Pepenode (PEPENODE) is gaining strong attention. Many traders believe it could be the next 100x crypto.
Pepenode is changing how people approach crypto mining. The project has already raised around $1.9 million in its presale and introduces the world’s first “Mine-to-Earn” meme coin.
Traditional mining now requires expensive hardware and high power costs, which make it difficult for most people to join. Pepenode solves this with a gamified virtual mining system that anyone can use.
Players can buy and upgrade virtual Miner Nodes through the Pepenode dashboard. These nodes generate a steady stream of extra $PEPENODE tokens or other popular meme coins like $PEPE. This model gives users the benefits of mining without high electricity bills or complex setups.
The project also uses a deflationary token model. Every time users spend tokens on upgrades, 70% of them are burned, removing them from circulation. This process reduces supply over time, meaning the more people mine, the more valuable $PEPENODE could become.
Popular YouTuber Borch Crypto recently highlighted Pepenode as the next 100x crypto. His coverage has fueled even more hype, with traders now racing to buy before the first DEX listing.
The presale price is currently $0.0011138. Those who see potential in Pepenode’s mine-to-earn system can buy tokens directly from the official Pepenode website or through the Best Wallet app.
Presale buyers also get early access to staking. Pepenode offers up to 671% APY, giving investors strong rewards for joining early.
Visit Pepenode
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