Key Takeaways
The charts of PEPE across the 4-hour and 1-hour time frames reflect an extended corrective phase following its macro impulsive peak in December.
While the recent double bottom suggests a demand resurgence, the price action remains bound within descending structures.
A potential bullish breakout is developing but has yet to be confirmed.
PEPE Price Analysis
The 4-hour chart shows PEPE concluded its primary five-wave impulse at $0.000028 on Dec. 9, after which it transitioned into a prolonged downtrend.
The corrective structure that followed formed a complex W–X–Y–X–Z formation, unfolding inside a descending triangle.
Notably, this triangle breakdown reached a low of $0.0000052 on March 11, marking the potential bottom.
Following that low, a short-lived breakout occurred, mimicking a prior fractal highlighted by a purple box on the chart.
Like the previous instance, this breakout formed another corrective structure, suggesting no trend reversal had occurred.
Subsequently, price action returned to the demand zone, establishing a double bottom of wave Z on April 7, reinforcing this level as a significant structural support.
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The Relative Strength Index (RSI) on the 4-hour chart reflects convergence, hinting at fading bearish momentum.
This double bottom, aligned with the RSI stabilization and fractal repetition, provides the foundation for a potential bullish reversal.
However, the macro corrective bias remains in place without a confirmed impulsive move or breakout.
PEPE Price Prediction
On the 1-hour chart, PEPE has carved out a descending channel from its high of $0.0000092 on March 26.
Despite the continued downward slope, recent activity from the April 7 low of $0.0000057 shows early signs of a potential bottoming structure.
A subtle rally has taken shape, with the price attempting to break above the channel’s upper boundary.
Importantly, if this movement evolves into a clear five-wave impulsive structure from the $0.0000057 low, it would signal that the larger corrective Z wave has likely been completed.
In that case, the recent bounce could mark the initiation of a new bullish phase, mainly if the price confirms a breakout with volume and makes a higher high above $0.0000065 (channel’s upper boundary).
However, the most recent rejection at the descending resistance casts doubt on immediate bullish continuation.
If the price fails to make a higher high and reverses below $0.0000057, the bullish outlook would be invalidated, and PEPE may revisit or even breach the prior March 11 low.
Therefore, confirmation of a new uptrend hinges on two criteria: a breakout above descending resistance and a verified five-wave pattern.
Without these, the move remains corrective and vulnerable to a continuation.
Key Levels to Watch
- Major Support: $0.0000052 (March 11 low), $0.0000057 (April 7 double bottom).
- Immediate Resistance: $0.0000065 (local pivot).
- Breakout Confirmation: Above the descending channel, there is the formation of a 5-wave structure.
- Invalidation Level: Below $0.0000057 – reopens downside risk.
- Fractal Watch Zone: Purple box region post-breakout.
Disclaimer:
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
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