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PEPE Testing Make or Break Support – Is a Rebound Ahead?

PEPE Testing Make or Break Support – Is a Rebound Ahead?

CoinsProbeCoinsProbe2025/03/07 20:00
By:Nilesh Hembade

Date: Fri, March 07, 2025 | 04:15 AM GMT

The cryptocurrency market remains in a corrective phase following the November rally. One of the hardest-hit memecoins in this downturn has been Ethereum based top memecoin, Pepe (PEPE), which has seen a sharp 67% correction over the past two months.

Currently, PEPE is trading around $0.0000067, hovering near six-month lows as traders assess whether a rebound is on the horizon.

PEPE Testing Make or Break Support – Is a Rebound Ahead? image 0 Source: Coinmarketcap

Testing Make or Break Support

According to the latest analysis by crypto analyst Chandler , PEPE has now reached a critical Make or Break Support level. Since its December 9 high of $0.000028, the price has continuously declined, bringing it down to the $0.0000068 mark, where it is now testing a crucial trendline support.

PEPE 1D Chart/Source: @ChandlerCharts (X)

Historically, this level has provided strong demand, and a bounce could open doors for further recovery.

Is a Rebound Ahead?

While market conditions remain uncertain, analyst Chandler has also referenced insights from @Moonshilla , highlighting the significance of the Global Money Supply (M2) crossing the 100 DEMA (Double Exponential Moving Average). Historically, this event has coincided with major Bitcoin rallies.

BTC-Global Money Supply (M2)/Source: @moonshilla (X)

The last two occurrences of this trend were:

  • Spring 2016 (February) – BTC began a major rally toward its all-time highs in 2017
  • Spring 2020 (March) – BTC rebounded from the COVID crash, leading to the 2021 bull run
  • Spring 2025 (March) – Current M2 trends indicate a similar setup, raising expectations for a Bitcoin-led market rebound.

If history repeats itself, a recovery in Bitcoin could fuel renewed bullish momentum in the altcoin and memecoin sectors, potentially sparking a PEPE reversal.

Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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