
Pepe appears to have diverged from a textbook bearish setup, with yearly lows shaping up as a launchpad for bullish Pepe price predictions.
An early-week 17% bounce has affirmed $0.000004 as a firm bottom marker for the meme coin through this market cycle’s bullish phase.
That stability now puts the validity of a 9-month bearish head-and-shoulders breakdown into question.
PEPE / USDT 1-week chart, head-and-shoulder pattern. Source: TradingView.While the pattern had pointed to a potential 77% decline, a decisive rebound like this may signal an early bailout. Still, market participants appear to be oblivious to the setup as profit-taking continues.
One long-term PEPE Token holder deposited their remaining $3.5 million worth of PEPE to Coinbase, now having a zero balance for the first time since June 2024.
That behavior reflects a broader trend, with the Chaikin Money Flow on Coinbase plunging into deeply negative territory at –0.3, signaling significant profit-taking pressure.
PEPE Chaikin Money Flow (CMF). Source: TradingView.Zooming in, the divergence appears to stem from a double-bottom reversal forming with a second bounce developing along the yearly low.
Its play-out has shifted attention toward a potential breakout from a broader descending channel, and momentum indicators now support the bullish setup.
The RSI has turned bullish for the first time in two months, pushing above the neutral line as buyers step back. The MACD mirrors the shift, printing a golden cross above the signal line.
Fully realised, the pattern sets eyes on a pre-October liquidation event demand zone at $0.000009 for a 95% gain.
And with supportive market conditions, such as a U.S. interest rate ease in December to stimulate demand for riskier plays PEPE, it could push 5x to all-time highs at $0.000028.
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Visit the Official PepeNode Website HereThe post PEPE Price Prediction: Price Bounces Off Yearly Low – Is the Frog About to Flip the Chart and Shock Everyone? appeared first on Cryptonews.