PEPE Price Prediction – Can memecoin avoid a summer 60% repeat?

• PEPE had a bearish bias on the 3-day chart
• May not be rediscovered in mid-2024 again as the market outlook was much more optimistic

PEPE bulls have defended the $0.0001711 level. The OBV revealed that selling pressure was not too great, despite a rapid loss in the last three weeks. In fact, it has remained above the highs since May, indicating that a recovery is more likely than further losses.

According to Lookonchain's latest update on X (formerly Twitter), whales who sold their holdings during the market crash have been hoarding the memecoin again. This showed faith in the bulls' ability to overcome.

Will PEPE repeat this summer?

Source: PEPE / USDT on TradingView

On the 3-day chart, the price movement of PEPE was very low. The structure favored the sellers as it closed the trading session at $0.00001705 on December 17th, below the record low of $0.00001729 set on November 26th.

To the north, the $0.00001974-$0.00002259 zone represented a fair value gap that could be filled. Therefore, a bounce to $0.00002-$0.0000225 can be expected in the coming days.

Memecoin PEPE rally in April saw a move to a level of 78.6% 3 months after it created a new high at the end of May. If it takes a similar course this time, it could drop to the $0.00001067 level in the coming weeks before recovering.

However, the similarities don't have to play out exactly. The market situation is completely different now. From March to October, Bitcoin (BTC) went down steadily, consolidating within a descending channel.

Read the Pepe's (PEPE) 2025-26 price forecast

In recent weeks, it has tested the $100k level several times, reaching a new high at $108k, before returning to the side of the stock market in the third week of December. Therefore, the coming weeks are more likely to be more positive for PEPE. We may not see a deeper level to the 78.6% level at $0.00001067.

We can expect a move towards $0.0000144 and a few weeks of lower highs and consolidation, before the meme explodes higher, targeting $0.000042 and beyond.

Disclaimer: The information presented does not constitute financial, investment, trading or other types of advice and is solely the opinion of the writer.