PEPE bottoms out after a terrible market crash and enters its third wave with a promise of over 500%.

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This article is also available in Spanish.

Cryptocurrency analyst called the bottom Pepper (PEPPER)the third largest meme coin by market capitalization. According to the analyst, Pepe reached the lowest price level this cycle after the experience: terrible market crash which wiped out most of the gains made in 2025. Based on Elliott wave theory, Pepe’s price action shows that it is entering wave 3, which analysts predict will be a bullish return with a promise of 594%.

Pepe hits bottom after falling prices

On January 13, a crypto analyst known as “Slick” announced that Pepe has officially bottomed, signaling a potential turning point away from the downtrend. The analyst shared a detailed chart on X (formerly Twitter), analyzing Pepe’s price movement, focusing on wave patterns and Exponential Moving Averages (EMA).

Source: X

The chart divides Pepe’s price action into three waves: 1, 2 and 3. Wave 1 marks the initial boost in Pepe’s price, during which two local peaks were reached. The next phase, Wave 2, highlights two local peaks in ia correction period retreats below the 200-day EMA.

Based on Pepe price changesSlick expects the meme coin to enter Wave 3 soon. He predicts that this wave could trigger a significant move higher. Moreover, the analyst points out the 200-day EMA at a critical support level where every time Pepe price corrects this supportit is referred to as the “fear phase”, which highlights broader market uncertainty.

The two peaks identified in waves 1 and 2 are peaks that mark ephemeral resistance points before a price correction. Top 1 signals the end of the miniature price rally, while Top 2 shows an boost to a secondary resistance level.

Interestingly, the analyst did found that his projection of Pepe’s ass is 70% certain. This forecast is also in line with Pepe’s last forecast massive price drop to modern lows. According to data from CoinMarketCap, Pepe has experienced a terrifying decline that has wiped out over 26.45% of its value over the past month.

Cryptocurrency is still on the rise a clearly downward trendfalling another 16.20% in the last seven days. Pepe is currently experiencing similar volatility and bearish conditions to most meme coins on the market. Last week, the prices of the most popular dogs, such as Dogecoin and Shiba Inu, dropped by 12.5% ​​and 11.2%, respectively.

The analyst predicts a 594% boost in Pepe’s price.

When commenting Pepe’s indigent performance and potential market bottom, Slick also presented the positive sides, predicting that a rebound could occur soon. The analyst has set a price target and market cap for Pepe, confidently predicting that the frog meme’s price could rise to $50 billion market capitalizationafter which there was a significant boost in value.

The dashed lines on the price chart indicate speculative future price action leading up to Wave 3. Unlike Waves 1 and 2, which saw two peaks, Wave 3 experienced only one local peak, followed by a decline to the 200-day EMA.

Slick believes that Pepe could experience similar price movements from previous waves, where it would hit two local highs before a significant price correction. The analyst predicts that the top two in the third wave of Pepe will boost the price by as much as 594% to modern bullish goal of USD 0.000118 compared to the current market price of USD 0.000017.

PEPE price chart from Tradingview.com
Bulls are in a position to rebound | Source: PEPEUSDT on Tradingview.com

Featured image created with Dall.E, chart from Tradingview.com

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