PEPE price has been down by about 40% in 5 weeks, currently sitting around $0.000004848. Crypto Patel, a crypto analyst on X, has shared a breakdown that suggests the road ahead for PEPE token may not be smooth.
According to his analysis, the long-term support at $0.0000059 has been broken and is now acting as strong resistance. Until Pepe price reclaims that level, the high-timeframe trend remains bearish.
Looking at the weekly chart shared by Crypto Patel, the previous support that kept Pepe afloat has flipped into resistance. This means any attempt for a rebound could face significant selling pressure.
The chart also shows a partially filled weekly fair value gap, a technical area where price could naturally pull back before finding stronger support. These factors combined suggest that PEPE might continue to move lower before stabilizing.
Crypto Patel points out that liquidity has been swept under multi-month lows. This sweep can trigger panic or stop-loss orders, further pushing Pepe price downward. His chart indicates a potential downside of 60–70% if the current bearish structure persists, placing the best accumulation zone for smart money near $0.00000178.
Lessons From PEPE’s Last Bull Run
PEPE token has seen explosive growth in the past. The last time this kind of structure formed, it delivered an astonishing 4650% gain. While that number might be eye-catching, Crypto Patel emphasizes that the current high-timeframe setup is not yet ready for a new bullish cycle. The chart shows that if the market experiences a 40–70% flush, it could mark the smart money accumulation zone before any significant upside movement.
This pattern indicates that high-timeframe structure is not permanently bearish. Instead, it appears to be preparing for the next macro expansion. Observers should watch closely for Pepe price reclaiming $0.0000059. A reclaim could signal a shift from bearish pressure to bullish momentum on a larger scale.
Why Traders Should Keep Watching PEPE
While short-term charts suggest more pain might be ahead for PEPE token, there is a long-term narrative that investors can consider. The combination of support-resistance flips, fair value gaps, and liquidity sweeps all points to a potential opportunity if price reaches deeper accumulation zones.
Read Also: Here’s How Internet Computer (ICP) Price Could Flip Current Bearish Momentum
Crypto Patel’s analysis shows that PEPE’s current structure is acting like a spring being compressed. Once the key resistance is reclaimed, Pepe could move sharply higher. This makes watching weekly trends and major resistance levels crucial for anyone tracking Pepe token.
PEPE price movements often surprise, but using high-timeframe analysis provides a clearer roadmap. Even though a 60–70% drop may sound daunting, it could also be part of the setup for the next significant bull run. Keeping an eye on the reclaim of $0.0000059 and the accumulation zone near $0.00000178 could reveal where smart money sees value.
Subscribe to our YouTube channel for daily crypto updates, market insights, and expert analysis.
