- PEPE declined over 6% amid broader crypto market bearish volatility triggered by geopolitical tensions between Israel and Iran.
- A familiar fractal pattern from 2024 is forming on PEPE's chart, when the token previously surged 187% in weeks after breaking out from a falling wedge.
- PEPE is currently in a falling wedge formation similar to late 2024, following rejection near the same ascending trendline after May 2025's rally.
- If the pattern repeats, a breakout could send PEPE toward $0.000040, representing a potential 284% gain from current levels.
Date: Tue, June 17, 2025 | 06:10 AM GMT
The cryptocurrency market is experiencing a wave of bearish volatility, triggered by renewed mounting geopolitical tensions between Israel and Iran. Ethereum (ETH), a bellwether for the broader crypto market, has slid from its 24-hour high of $2,680 to around $2,580. Memecoins haven’t been spared from the drop — including Pepe (PEPE).
PEPE saw a daily decline of over 6%. But amidst the pullback, there’s a glimmer of optimism building in the charts. A familiar fractal pattern from 2024 is forming again on PEPE’s chart, and if history repeats, the coin could be setting up for a major rally ahead.
Familiar Fractal Signals Major Rally Ahead
Looking at the daily chart, PEPE appears to be recreating a nearly identical structure to what it did in late 2024 — a time when the token surged 187% in just weeks. That previous rally came after a sharp correction and was fueled by a breakout from a falling wedge pattern — a formation known for preceding trend reversals.
Fast forward to now: following its strong rally in May 2025, PEPE once again faced rejection near the same ascending trendline. The price has since entered a falling wedge — much like in 2024 — signaling the potential for a similar upside breakout.
What’s Next for PEPE?
If PEPE follows the same trajectory as it did in 2024, a breakout from the current falling wedge could send the token surging toward the $0.000040 mark to visit it’s same ascending resistance trendline — representing a potential 284% gain from current levels.
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