Pepe (
$PEPE ): Meme Coin on the Brink of a Massive Breakout
Pepe (
$PEPE ), the third-largest meme coin by market cap, may be on the verge of a historic rally, according to crypto analyst Slick. After a dramatic market crash that wiped out most of its 2025 gains, PEPE has reportedly reached its cycle low, setting the stage for an explosive recovery. Based on Elliott Wave theory, the analyst predicts that
$PEPE is entering Wave 3, which could result in a staggering 594% price increase.
Market Crash Signals a Bottom for PEPE
On January 13, crypto expert Slick identified a potential market bottom for PEPE. The analysis highlights PEPEās price movements in Waves 1 and 2, showing two distinct local peaks followed by a corrective phase. The most recent downturn brought the tokenās price below its 200-day EMA, marking what Slick refers to as a āfear phaseā characterized by market anxiety.
Despite this correction, the analyst suggests that PEPEās current price action aligns with the beginning of Wave 3, which is often the most explosive phase in Elliott Wave theory. If accurate, this signals a bullish turnaround for the meme coin, which has struggled with volatility and bearish sentiment in recent weeks.
Wave 3: A 594% Surge in Sight?
According to Slickās projections:
Wave 1: Marked initial growth with two local highs.
Wave 2: Featured a correction phase, taking the price below the 200-day EMA.
Wave 3: Expected to deliver a parabolic rally, with two local highs leading to significant price appreciation.
The analyst forecasts PEPEās Wave 3 top at $0.000118, representing a 594% increase from its current price of $0.000017. If realized, this would solidify PEPEās status as a dominant player in the meme coin market.
Challenges and Risks Ahead
While the potential for gains is enticing, itās important to note the inherent risks:
Volatility: Like other meme coins, PEPE remains highly volatile. Over the past week, the token has fallen by 16.20%, reflecting broader bearish sentiment across the meme coin sector.
Market Conditions: Top competitors Dogecoin and Shiba Inu have also faced declines, dropping 12.5% and 11.2%, respectively.
Prediction Uncertainty: Slick estimates a 70% likelihood for PEPEās bottom, leaving room for further downside risk.
Key Indicators to Watch
For traders and investors, monitoring these key levels is crucial:
Support Level: PEPEās current price near $0.000017 serves as a potential market bottom. A break below this level could invalidate the bullish setup.
Resistance Levels: Look for local peaks during Wave 3, particularly near $0.000050 and $0.000080, as indicators of rally momentum.
200-Day EMA: Sustained trading above the EMA would confirm a bullish reversal.
Conclusion: Is PEPE Primed for a Comeback?
PEPEās entry into Wave 3 presents an exciting opportunity for investors, with a potential 594% rally on the horizon. However, the meme coinās history of volatility calls for caution. As with any crypto investment, thorough research and risk management are essential.
Are you ready to ride the Wave 3 rally? Let us know your thoughts in the comments below!
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