We love PEPE—one of the coolest meme coins out there.
This pump was massive and unexpected. However, all indicators are now overheated. While forecasting a meme coin is always tricky (they can be influenced by exchanges or whales playing with the price), the chart is giving us signals.
I expect a correction as those who drove the pump may start selling to free up liquidity for other coins.
If indicators follow through, we’re looking at a correction down to 0.00001000-0.00001400 within the green box, making it a good entry point to capture the second part of altseason in Q1 2025.
With strong support at 0.00001000, it’s unlikely that PEPE will drop lower this cycle.
**DYOR**
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Little update. Things are going as planed, we are half way to the bottom.
Updated chart:
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We are getting there, be patient
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We touched my green box, at 0.00001400
Mission accomplished.
However the charts is telling me that it is not the end of the correction and that we might go even lower
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PEPE continue its correction, target is 0.000001300 or lower, in my buy back green box. Then new ATH or new massive pump at least. Patience.
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Check my new analysis:
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This prediction worked perfectly but is a little old. I did a new updated one.