The PEPE token has witnessed a significant decline over the past five weeks, currently hovering around $0.000004848. Crypto analyst, @CryptoPatel, on X (formerly Twitter), offers insights suggesting the road ahead for PEPE may be bumpy. 📈 📉 💰
His analysis highlights that the long-term support level at $0.0000059 has been breached and is now acting as significant resistance. The high-timeframe trend remains bearish until this level is reclaimed.
The weekly chart shared by @CryptoPatel shows that the previous support line for PEPE, which previously kept the token afloat, has flipped into a potential resistance point. Any rebound attempt could face significant selling pressure.
Looking at the chart also reveals a partially filled weekly fair value gap, a technical area where price may naturally pull back before finding stronger support. The combination of these factors suggests that PEPE might continue to decline further before stabilizing.
@CryptoPatel points out that liquidity has been drastically depleted, creating an environment for panic selling or stop-loss orders to trigger further price drops. His analysis suggests a potential downside of 60–70%, placing the ideal accumulation zone for smart money near $0.00000178.
He shares that PEPE’s past bull runs, like those observed in its last cycle, have delivered impressive gains. While this remains a positive narrative, the current high-timeframe setup doesn’t suggest an imminent bullish cycle just yet.
The chart shows that a 40–70% drop could mark the smart money accumulation zone before any significant upside movement.
Crypto analyst @CryptoPatel suggests this pattern indicates the long-term trend for PEPE is not permanently bearish. The market structure could prepare for the next bull cycle once it recovers.
@CryptoPatel’s analysis shows that the current situation in PEPE resembles a compressed spring, and when resistance is reclaimed, the price could surge sharply higher.
Looking at these technical aspects, keeping an eye on the reclaiming of $0.0000059 level and observing the accumulation zone near $0.00000178 will provide valuable insights into where smart money sees value.
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