Date: Thu, Oct 16, 2025 | 06:55 AM GMT
The cryptocurrency market continues to struggle in the aftermath of the brutal October 10 bloodbath, which triggered nearly $19 billion in liquidations and wiped out weeks of bullish sentiment. Major memecoins have seen declines of 70–80%, reaching levels not witnessed in years.
Among the hardest hit is Pepe (PEPE), which remains deep in the red — down 22% over the past week. More importantly, its technical structure has taken a decisive bearish turn which has shifted from bullish to uncertain.
Pepe (PEPE) Loses Its Bullish Fractal
On the daily chart, PEPE’s price action tells a discouraging story. The recent cascade has completely broken its bullish fractal, a pattern that previously fueled a strong rally in late 2024.
In the earlier setup, PEPE corrected for around 35 days, dropping roughly 35%, before reclaiming its 50-day moving average (MA) and breaking out from a descending resistance trendline — a move that eventually resulted in an explosive +259% rally.
However, this time the pattern failed to hold. Before the latest market crash, PEPE was once again forming a similar fractal structure and was nearing the point of a potential breakout. The token had already completed a 35% corrective phase, hovering near the lower boundary of the red zone, and many traders anticipated an upside reversal.
But the sudden 77% collapse invalidated the bullish setup completely. PEPE now trades around $0.00000725, showing little to no buying interest as momentum and sentiment both remain weak.
What to Watch For Next?
At present, PEPE is trading below its crucial 50-day MA, which sits near $0.00000969. Any meaningful recovery will require the price to reclaim this level and maintain it as support. Only then could buyers begin to regain confidence and restore structure to the upside.
Interestingly, in the previous fractal pattern, PEPE’s breakout occurred around 35 days after bottoming. As of today, the current pattern has completed 33 days, leaving a narrow 2-day window where historical rhythm could repeat — though this time, sentiment and structure appear far weaker.
For now, it remains a “wait-and-watch” scenario. If PEPE fails to reclaim its 50-day moving average, the risk of further downside increases significantly. There’s also the possibility of an inverse head-and-shoulders breakdown, which could act as a bearish continuation pattern and potentially trigger a major correction in the days ahead.
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