PEPE Eyes Potential 55x Rally to $0.0001 ATH
The PEPE price has now started to edge back into bullish conversations after the recent inflows into the crypto market. The last time PEPE’s weekly chart printed the kind of structure now forming on its chart, its price…
PEPE has re-entered bullish conversations after fresh crypto inflows, and some analysts say the weekly chart is forming a familiar, powerful setup. Crypto Patel argues the same fractal-level structure that preceded one of PEPE’s steep 2023 rallies has reloaded, and this cycle could be even larger.
At the time of writing PEPE trades near $0.0000038, roughly 87% below its all-time high ($0.00002803) while retaining a market cap around $1.59 billion. The bullish thesis hinges on three weekly technical elements converging at the same price area: a Fair Value Gap (FVG), an Order Block, and a long-running horizontal support zone. A triple confluence on the weekly timeframe is uncommon and gains 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 rallied about 4,515%. Crypto Patel maps the current price action as a mirror of that move—same breakdown, retest and demand reclaim—and projects a 5,592% expansion target for this cycle (roughly a 55x move).
Intermediate targets cited include the prior peak near $0.000028 and a memecoin-Fibonacci extension around $0.00005. The ultimate target discussed is $0.0001 by the end of the bull cycle, which would establish a materially higher ATH.
Key technical levels to watch: PEPE sits above an Accumulation Zone roughly between $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 gives way, the bullish thesis would fail.
Short-term commentary has also pointed to possible selling-climax signals, adding to the case for a brewing rally. Charts referenced include TradingView; the featured image was created with Dall·E.