Price Analysis View Non-AMP

Has Memecoin Mania Over: When Will PEPE Price Regain the Lost Momentum to Reclaim $0.0001?

Published by
Sahana Vibhute

While the crypto markets have been crashing since the beginning of the day’s trade, the memecoins have also lost control over the rally. The popular ones are facing massive pullbacks of over double-digit margins. Pepe’s price also appears to be in huge distress, as the token has been failing to rebound after a steep correction. Does this imply that the token has fallen into a deep bearish trend or is waiting for the right time for a rebound?

Ever since the Mt. Gox terror has stroked the crypto markets, the popular tokens have faced extensive bearish heat. Bitcoin slipped below $54,000, which shook the entire crypto market, including memecoins like PEPE. The price has experienced a 30% pullback since the start of the month as the token fails to hold the lower support of the bullish pattern. With this, bearish targets get activated, as they could try to slash the price by another 15% to 20%. 

After testing the lows below $0.000008 a couple of times this month, will the Pepe price initiate a rebound or test new lows?

Until the bearish trend struck the markets, the PEPE price traded finely within an ascending parallel channel. After losing support, the token is now stationed between a couple of pivotal zones and a move towards either of them may confirm the next price action. The selling pressure continues to intensify over the token, as indicated by the draining MACD. The price is hence speculated to drop to the lower support below $0.000007 at around $0.0000065, which may trigger a rebound as it did before. 

The market participants now appear to have turned pessimistic about the next price action, due to which the Pepe price is expected to remain stagnant for some more time. It may certainly not rebound finely and enter the parallel channel but it will hold itself strong above the pivotal support zone, which may keep up the hopes of a bullish trend in the coming days. 

Read Also : Crypto Investment Sees Surge Among Young Adults, Predicts Massive Wealth Transfer

Sahana Vibhute

A passionate cryptocurrency and blockchain author qualified to cover every event in the crypto space. Researching minute occurrences and bringing new insights lie within the prime focus of my task.

Recent Posts

Are Stablecoins A Threat To Pi Network?

Stablecoins are becoming more popular in the crypto market. Thanks to their steady prices, backing…

July 1, 2025

Ripple Price Prediction As XRP EVM Ledger Goes Live

Ripple’s XRP is making headlines this week with a big development; the much-anticipated EVM sidechain…

July 1, 2025

Circle Files for National Trust Bank License in the U.S.

Circle Internet Group Inc. (NYSE: CRCL), a top-tier stablecoin issuer, has applied for a national…

July 1, 2025

Solana Did 100x After Binance Listing—KNCH Just Hit BitMart, LBank & XT (Better Tech, Lower Entry)

Kaanch (KNCH) is anticipated to create a great impression in the market through its future…

June 30, 2025

Arbitrum Price Analysis: Can Robinhood’s Involvement Boost Bullish Sentiment for $ARB Price Soon?

Arbitrum (ARB) price was the best performing top-100 altcoins by market cap in the past…

June 30, 2025

John Deaton Says Wall Street Greed Could Push XRP, ETH & SOL Into Treasuries

Years ago, when John E Deaton, a well-known crypto advocate and legal voice in the…

June 30, 2025