Date: Wed, April 09, 2025 | 05:30 PM GMT
The cryptocurrency market has been struggling with an extended correction phase, where Ethereum (ETH) itself recorded its worst Q1 decline since 2018 — plunging a whopping 56% this year. This broader weakness hasn’t spared even the meme coins, which are often the most volatile during downturns.
Among them, Pepe (PEPE) has taken a hard hit, shedding 65% of its value since the beginning of 2025.
But despite the bloodbath, PEPE is now turning heads for a different reason. Its recent price action is beginning to echo a familiar pattern — one that led to massive rallies in the past. And with today’s impressive 15% gain, speculation is brewing: is PEPE about to bounce back?
PEPE Mirrors Its Past Bottom Structure
According to a fresh analysis by well-known crypto trader and chartist @ChandlerCharts, PEPE’s current setup is forming a near-identical fractal to its two previous bottoming phases — both of which led to explosive upward moves.
The attached chart highlights three major periods where:
- Price reached a critical horizontal support zone (marked with yellow boxes),
- RSI (Relative Strength Index) showed a bullish divergence — higher lows on the RSI even as price printed lower lows.
Each time this structure formed, it was followed by a significant breakout rally. The RSI, in particular, has been a strong tell. It shows that while selling pressure remains, momentum is gradually building to the upside.
The current RSI divergence and consolidation at a familiar support zone now suggest a similar reversal could be in play.
Third Time’s the Charm?
If this pattern holds, PEPE could be gearing up for its third major rebound. While price remains well below its February highs, the technical setup is strikingly similar. Today’s 12% bounce only adds fuel to the possibility that traders are beginning to front-run a potential breakout.
Of course, macro uncertainty and broader crypto market trends still loom large. But fractals like these often act as roadmaps for seasoned traders — and the signals PEPE is showing right now are hard to ignore.
Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.
The opinions and market insights shared on CoinsProbe represent the views of individual authors based on prevailing market conditions at the time of publication. Cryptocurrency investments carry significant risk and volatility. Readers are encouraged to conduct their own research and seek professional financial advice before making investment decisions. CoinsProbe and its contributors do not accept responsibility for financial losses or decisions made based on published content.
CoinsProbe may publish sponsored articles, affiliate links, or promotional collaborations. All sponsored material is clearly labeled to maintain transparency with our audience. Our editorial decisions remain fully independent, and advertising partnerships do not influence reviews, rankings, or published opinions.
Since 2023, CoinsProbe has delivered reliable insights on cryptocurrency, blockchain, and digital assets. Our content is created by experienced researchers and analysts who follow strict editorial standards focused on accuracy, transparency, and credibility. Every article is carefully reviewed and verified using trusted sources and current market data. We provide unbiased analysis and timely updates covering everything from emerging crypto projects to major industry developments.
