Pepe (PEPE) Hits Market Bottom After Price Crash, Promises 594% Rally - BeInCrypto

A crypto analyst has called the bottom for Pepe (PEPE), the third-largest meme coin by market capitalization. According to the analyst, Pepe hit its lowest price point for this cycle after experiencing a scary market crash that wiped out most of its 2025 gains.

A crypto analyst has called the bottom for Pepe (PEPE), signaling a potential turning point in the meme coin's downtrend.

The analyst, known as ‘Slick,’ shared a detailed chart on X (formerly Twitter) analyzing Pepe's price movement, focusing on wave patterns and Exponential Moving Averages (EMA).

According to the analysis, Pepe's price action is divided into three waves: 1, 2, and 3. Wave 1 marks an initial rise in Pepe's price, during which two local tops were achieved. The next phase, Wave 2, highlights two local tops and a corrective period that retraces below the 200-day EMA.

Based on these price movements, Slick expects Pepe to enter Wave 3 soon, which could trigger a significant move upwards. The 200-day EMA serves as a critical support level, and each time Pepe's price corrects to this support, it's labeled as a "fear phase," indicating broader market uncertainty.

The two tops pinpointed in Waves 1 and 2 are peaks that mark interim resistance points before a price correction. Top 1 signals the end of a brief price rally, while Top 2 showcases a rise to a secondary resistance level.

The analyst's projection of Pepe's bottom comes with a 70% certainty, considering the recent massive price crash to new lows. According to CoinMarketCap, Pepe experienced a scary decline that wiped out over 26.45% of its value over the past month.

The cryptocurrency is still on a significantly bearish trend, dropping by another 16.20% in the last seven days. Pepe is currently experiencing similar volatility and bearish conditions to most meme coins in the market.

Top dogs like Dogecoin and Shiba Inu have fallen by 12.5% and 11.2%, respectively, this past week.

While commenting on Pepe's bearish performance and potential market bottom, Slick also presented a silver lining, predicting a rebound could soon occur. The analyst has set a price and market cap target for Pepe, confidently projecting that the frog-themed meme coin could rise to a 50 billion market capitalization, followed by a significant surge in value.

The dotted lines in the price chart indicate the speculative future price action leading to Wave 3. Unlike Waves 1 and 2, which recorded two tops, Wave 3 has only experienced one local top, followed by a decline to the 200-day EMA.

Slick believes that Pepe could experience similar price movements with past waves, where it would reach two local tops before a significant price correction. The analyst has projected that the top 2 in Pepe's Wave 3 would drive its price as high as 594% to a new bullish target of $0.000118 from its current market price of $0.000017.