🐸 Pepe (PEPE) Price Analysis – August 5, 2025
The recent PEPE rally from the March low still looks more corrective than impulsive, raising questions about its sustainability. Here's a quick breakdown of key levels and scenarios 👇
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🟡 Key Observations:
PEPE formed a higher low in April, unlike many other coins that posted lower lows — a potential early bullish sign.
The move from the June low appears corrective (3-wave structure), possibly forming Wave A in a blue scenario.
Current pullback is entering a crucial support zone between 0.0000093,401 – 0.0000103,140, which may complete Wave B.
A reaction from this zone could trigger a move higher into Wave C, targeting a break above the May high (0.000013,964).
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🧠 Scenario Breakdown:
📘 Blue Scenario:
If support holds and price reacts upward, we may be entering a C-wave, targeting new local highs.
Wave 2 might have bottomed in June.
💛 Yellow Scenario:
If support breaks, we may still be in a broader Wave 2 correction.
Watch for price to potentially drop toward the 100% Fibonacci extension at ~0.0000075,212.
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⚠️ What to Watch:
Immediate resistance: 0.000013,964 (recent swing high)
Immediate support: 0.0000093,401 – 0.0000103,140
Critical support: 0.0000075,212 (100% Fib target)
No confirmed bottom yet, but signs of a reversal in this zone could suggest a bullish wave is forming.
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📈 Let’s see if the bulls show up or if deeper correction is on the way.
💬 What’s your take on PEPE’s wave count? Drop your thoughts below!
#pepe⚡ #ALTCOİN s #CryptoAnalysis #BinanceSquare #WaveTheory #PEPEupdate #ElliottWave
