Date: Tue, June 17, 2025 | 06:10 AM GMT
The cryptocurrency market is experiencing a wave of bearish volatility, triggered by renewed mounting geopolitical tensions between Israel and Iran. Ethereum (ETH), a bellwether for the broader crypto market, has slid from its 24-hour high of $2,680 to around $2,580. Memecoins haven’t been spared from the drop — including Pepe (PEPE).
$PEPE saw a daily decline of over 6%. But amidst the pullback, there’s a glimmer of optimism building in the charts. A familiar fractal pattern from 2024 is forming again on PEPE’s chart, and if history repeats, the coin could be setting up for a major rally ahead.
Source: Coinmarketcap
Familiar Fractal Signals Major Rally Ahead
Looking at the daily chart, PEPE appears to be recreating a nearly identical structure to what it did in late 2024 — a time when the token surged 187% in just weeks. That previous rally came after a sharp correction and was fueled by a breakout from a falling wedge pattern — a formation known for preceding trend reversals.
PEPE Daily Chart/Coinsprobe (Source: Tradingview)
Fast forward to now: following its strong rally in May 2025, PEPE once again faced rejection near the same ascending trendline. The price has since entered a falling wedge — much like in 2024 — signaling the potential for a similar upside breakout.
What’s Next for PEPE?
If PEPE follows the same trajectory as it did in 2024, a breakout from the current falling wedge could send the token surging toward the $0.000040 mark to visit it's same ascending resistance trendline — representing a potential 284% gain from current levels.
While the broader market remains cautious, traders and investors may want to closely monitor this structure. A breakout from the falling wedge could mark the start of PEPE’s next explosive chapter.
Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.
