📉 PEPE Coin dropped nearly 10% after Moody’s downgraded U.S. debt, dragging down risk assets. But despite the pullback, technical indicators suggest a rebound may be brewing.
📊 On the daily chart, PEPE is forming a bullish flag pattern — a structure that often precedes another parabolic rally. It recently surged from $0.0000075 to $0.00001534, then began consolidating, resembling a flagpole and hoisted flag.
🪙 Adding to the bullish setup, PEPE formed a double-bottom at $0.00000577 with the neckline at its ATH of $0.00002838. If confirmed, the price could rally back to retest the ATH and possibly break higher.
⚡️ Also in play is a potential golden cross between the 50-day and 200-day WMAs, signaling a trend shift. However, bulls must defend $0.000010 — a drop below could trigger a deeper correction to $0.00000577.
🔥 On-chain data is supportive too. PEPE holders now exceed 435,000, and its $2.4B daily volume tops Shiba Inu. Positive funding rates also suggest market confidence in further upside.
🟢 If Ethereum rallies as expected, meme coins like PEPE could follow — making a return to its ATH a realistic goal before year-end.
⚠️ Disclaimer:
This post is for informational purposes only and does not constitute financial advice or endorsement.
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