PEPE (PEPE/USDT) Market Analysis – May 2025
Current Trend: Bearish
Timeframe Focus: 1H & Weekly
PEPE may be preparing for a downside move following a clear breakdown of local support on the 1-hour timeframe. The chart structure shows a double top followed by a support break and bearish retest, confirming potential continuation to the downside.
Weekly Candle Watch:
The weekly chart is currently forming a doji candle, typically a reversal indicator. However, it is not yet confirmed—the weekly close in ~2 days will determine if the doji holds or flips bullish.
1H Chart Breakdown:
Structure: Double Top + Support Break + Bearish Retest
Retests: Multiple failed attempts to reclaim support turned resistance
Probability Bias: High chance of further downside based on pattern logic and retest failure
Trade Setup:
Short Entry: After confirmed failed retest (ideal around local resistance zone)
Targets:
T1: -11.20%
T2: -16.96%
(Exact target levels vary based on your entry, but downside projection is between 11–17%)
Stop Loss: Above recent retest highs (to invalidate breakdown setup)
Conclusion:
PEPE appears to be setting up for a correction following breakdown structure on the hourly chart. Short-term traders can look to capitalize on this potential move while waiting for confirmation from the weekly close.