Date: Sat, March 08, 2025 | 04:40 AM GMT
The cryptocurrency market remains in a corrective phase following the November rally. One of the hardest-hit memecoins during this downturn has been Pepe (PEPE), an Ethereum-based top memecoin, which has suffered a sharp 66% correction over the past two months.
Source: Coinmarketcap
Despite the current bearish sentiment, historical patterns suggest that PEPE might be setting up for another explosive rally. Crypto analyst Chandler has pointed out a striking similarity between PEPE’s Q1 2024 price action and its current 2025 trend, hinting at a potential bullish reversal.
PEPE Mirrors 2024 Q1 Pre-Pump Trend
The recent price action of PEPE closely resembles the pattern seen in early 2024, just before a major breakout. A comparison of the January–February 2024 and January–March 2025 price structures reveals a repeating trend, with PEPE forming lower lows before staging a sharp recovery.
The key observations from the chart include a repeating price structure, where PEPE experienced a deep correction before breaking out in early 2024. A similar setup is now unfolding in early 2025, with the price consolidating near the bottom. The Relative Strength Index (RSI) is also showing a bullish divergence, a technical signal that often precedes trend reversals.
Additionally, volume accumulation at current levels suggests that larger investors may be positioning themselves ahead of a potential breakout.
Will 2025 Follow the Same Bullish Pattern?
A closer look at PEPE’s four-hour chart reveals that the price is making lower lows, while the RSI is making higher lows, confirming a bullish divergence. The last time this divergence appeared in February 2024, PEPE surged over 300 percent in the following weeks.
Now in 2025, the same pattern is forming, suggesting that a major bullish move could be on the horizon if PEPE breaks above key resistance levels.
Final Thoughts
The current technical structure, combined with historical price action, suggests that PEPE could be preparing for another strong breakout, mirroring its 2024 rally. If PEPE successfully breaks above key resistance levels, it may gain significant upward momentum in the coming months.
However, while these signals point to a possible bullish trend, past performance does not guarantee future results. A failure to break resistance could result in further consolidation or a retest of lower support levels before any significant movement.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always conduct your own research before making any investment decisions.
