PEPE Could See 50% Crash If Support Fails – Warns Analyst

Key Takeaways

• PEPE’s price struggles to find strong upward momentum as analysts warn of a potential 50% drop.

• PEPE’s price trades around $0.000009 support as bulls and bears await price direction around the key zone.

• A bearish crossover of 50-day and 200-day EMAs on the daily timeframe confirms PEPE’s bearish trends.

Sensational frog-themed memecoin, PEPE the frog, has declined by over 50% in the past few weeks following its price rally to a high of $0.000028, creating a historical all-time high for the popular memecoin as many crypto experts and retailers were calling for a price rally towards $0.01.

The price of PEPE has failed to meet such expectations following its rejection from a high of $0.000028. The price has seen a significant decline, with bears looking to push the price of PEPE lower.

PEPE’s price earlier showed some price recovery in the last few days but suffered more price setbacks following Bitcoin’s (BTC) price retracement from $98,000 to a region of $93,000 as altcoins and memecoins suffered more price decline.

With the market looking for a quick bounce above current price points, the price of PEPE could rally above its key support as price breaking below this region could mean more sell orders activated for PEPE, which could also lead to a sell-off for the famous memecoin.

Crypto Market Sentiment Around PEPE

$PEPE will reach $0.0000031 if it closes below $0.0000092 on the daily chart! pic.twitter.com/QfDd8t0AZw

— Ali (@ali_charts) February 19, 2025

The general market expects the price of PEPE to bounce from its current support zone to a high of $0.0000125, which could give bulls more room to push prices up following a prolonged price decline.

Ali_charts, a top crypto analyst, took to his X account to describe the current price action for PEPE as a key decision time for PEPE bulls as the price sits around the $0.0000095 support zone in a falling channel.

Ali_charts emphasized that a break below the current price point could see the price drop by 50%, which could take the price to a low of $0.0000035.

Other crypto experts have also shared their price expectations for PEPE. The price of PEPE is expected to bounce from its current point to the nearest high, giving bulls the needed relief, while bears would be looking for an opportunity to capitalize on PEPE’s bearish downtrend.

Technical Analysis – PEPE Price Prediction

Source – PEPE 1D Price Action From TradingView

PEPE’s price currently trades at a key area of interest for bulls and bears as the price could bounce to the upside for a quick price recovery or break to the downside with bears looking to take advantage of PEPE’s price dominating price to a region of $0.0000035.

The price of PEPE trading below its 50-day and 200-day EMAs (Exponential Moving Averages) with a bearish crossover highlights PEPE’s current market trends remaining bearish. If the price of PEPE breaks to the upside with strong bullish volume, the price could change its trend above $0.000015.

Traders and investors are cautious around this level; a clear break above $0.000015 could signal a good entry to open buy positions.

Source