The PEPE price has begun creeping back into bullish conversations after recent crypto-market inflows. The last time PEPE’s weekly chart showed the structure now forming, it produced one of crypto’s most violent vertical rallies in 2023. Analyst Crypto Patel now says the fractal-level setup has reloaded and this cycle could be even larger.
At the time of writing, PEPE trades around $0.0000038, about 87% below its all-time high of $0.00002803, yet still with a market capitalization near $1.59 billion. Technical analysis suggests that decline may be ending and a roughly 55x rally is possible for PEPE.
The thesis rests on three weekly technical structures converging at the same price area: a Fair Value Gap (FVG), an Order Block, and a horizontal support zone that has held for months. A triple confluence on the weekly timeframe is rare and carries weight from months of price history.
In 2023 PEPE hit a nearly identical FVG-plus-Order-Block confluence after a breakdown-and-retest sequence, then surged about 4,515%. Crypto Patel maps the current setup as a mirror of that move—same breakdown, retest, and demand reclaim—and assigns a 5,592% expansion target for this cycle.
Intermediate targets include the prior peak near $0.000028 and $0.00005, consistent with memecoin Fibonacci extensions. The final target is a move to $0.0001 by the end of the bull cycle, which would set a new ATH by a wide margin.
What needs to happen: PEPE sits above an Accumulation Zone between roughly $0.0000030 and $0.0000018. The first major resistance to flip is near $0.0000071. A weekly close and hold above about $0.000006 would be structural confirmation that a large bullish expansion has begun. The analyst marks $0.0000017 as the invalidation level—if the lower end of that weekly support breaks, the bullish idea fails.
Recent commentary has also flagged short-term bullish signs, including a possible selling-climax signal, suggesting a brewing rally.
Featured image created with Dall·E; chart from Tradingview.com
