Pepe Coin (PEPE) Shows Signs of a Potential Rebound After Facing Significant Turbulence in Recent Weeks

The popular meme coin has seen a sharp decline, dropping 40% over the past 30 days and shedding another 4% in the last week.

Meme coin Pepe Coin (PEPE) has been enduring a rough ride lately, shedding 40% of its value over the past 30 days and continuing to slide with a 4% loss in the last week. However, PEPE is now showing signs of potential recovery as it reaches a crucial support level.

Pepe Coin (PEPE) Price Analysis: Key Technical Levels To Watch As Token Reaches Crucial Support

Pepe Coin (PEPE) is currently trading at the lower boundary of its parallel channel, according to recent market analysis. If this support holds, crypto expert Ali Martinez suggests that we can expect a rebound to $0.000016.

Zooming out to the broader price structure, the token seems to have found a critical floor, making this a defining moment in its trajectory. If the coin fails to maintain these levels, the bullish momentum may fizzle out, leading to extended consolidation. But if the token manages to find support and gains momentum, a move to $0.08-$0.11 could be the next chapter in its price story.

The first major resistance sits at $0.11, a pivotal threshold that could determine PEPE’s next leg up. If it breaches this level, the token will be heading toward $0.21, a significant Fib retracement level. Should PEPE manage to cross $0.21, it could trigger a fresh rally toward its flag target of $0.41, potentially marking a new all-time high (ATH).

Market Conditions & Sentiment Impacting PEPE’s Rally

Accumulation seems to be wrapping up, with recent price actions hinting at possible manipulation ahead of a wider distribution phase. If the token follows its historical pattern, this setup could propel prices significantly higher.

Much of PEPE’s trajectory will depend on the broader market conditions, especially Bitcoin (BTC) and Ethereum (ETH). If both major cryptocurrencies continue their upward momentum, the token could benefit from renewed market optimism, strengthening its bullish outlook. However, for this rally to materialize, key levels must be reclaimed, and trading volume should confirm the move.