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PEPE Price Forecast: Pepe Drops 10% to Crucial Support, Will History Repeat with a Full Recovery?
Pepe memecoin fell another 10% today as the broader cryptocurrency market faced another wave of panic selling, raising concerns about a potential bear market.
Nonetheless, analysts indicate that PEPE’s price forecast illustrates a bullish historical pattern that could allow the memecoin to bounce back 100% from its current value.
Today’s decline brought PEPE down to a 7-month low near $0.0(5)5871, which is a vital support area that has historically prompted bullish reversals.
PEPE Developing Reversal Pattern That May Trigger 100%+ Surge
A PEPE whale confirmed that the memecoin is displaying signs of a possible short-term reversal, providing some relief for bulls from the current support level.
$PEPE is exhibiting signs of a potential short-term reversal following a significant correction.
A rebound from the current support could validate a relief rally.
Watch for the next resistance area. #pepe #memes pic.twitter.com/VymBeN8dgx— Pepe Whale
(@pepeethwhale) November 3, 2025
Crypto analyst Chandler Charts pointed out that the last instance of $PEPE being oversold on the daily chart occurred in September 2023. During that period, numerous market participants pessimistically forecasted that the memecoin would not recover.
Source: X/@ChandlerCharts
Unexpectedly, after retail sentiment dipped to unprecedented lows, PEPE experienced a V-shaped reversal exceeding 100%.
Bitcoin Maxi, who also trades memecoins, Bitcoinsesus, reiterated that despite the recent downturn with PEPE declining over 39% in the past month, the frog-themed memecoin remains in an uptrend on the higher time frame (HTF).
He noted that PEPE is completing a Flag 6 retest from the lower range, preparing for a significant upward movement.
Pepe Price Forecast: Chart Indicates Major Accumulation Zone
From a technical perspective, the 2-day PEPE/USDT chart showcases a classic accumulation and breakout pattern.
The price has been stabilizing within a wide horizontal support range around 0.00000750-0.00000900 for an extended timeframe stretching from early 2024 to late 2024.
This prolonged base-building period indicates substantial accumulation by investors at these levels.
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Source: TradingView
The recent price movement indicates a decisive breakout from this consolidation zone, with prices rising and currently trading around 0.00009134.
The anticipated continuation of this bullish trend aims for the previous high near 0.00002621, potentially extending to 0.00003000 and beyond.
As the price moves towards bridging the gap between current values and the earlier highs set in 2024, traders should monitor for any retracements to the breakout zone around 0.00001000-0.00001200, which may now serve as support and provide additional entry points.
If PEPE can make a remarkable comeback like it did in December 2024, when it surged over 200% in three days, projects themed around Pepe would also likely experience a rise.
Smart Money Invests $2M in PEPENODE Mine-to-Earn Presale
Savvy investors are already preparing for this scenario with Pepenode (PEPENODE), a new mine-to-earn meme coin that allows everyday users to earn through a virtual crypto mining game.
PEPENODE has already drawn in over $2 million in its ongoing presale, indicating strong interest from early-stage investors.
The mine-to-earn model functions by enabling users to establish a virtual server room and subsequently deploy PEPENODE tokens to acquire Miner Nodes that generate mining power.
Increased mining power directly correlates to higher PEPENODE token rewards.
Pepenode also features a tiered yield structure that benefits early participants, enabling them to mine at faster rates with improved efficiency compared to those who enter later.
This strategy mirrors the advantages experienced by OG PEPE holders during the token’s rally in 2023.
For those interested in early entry, Pepenode can be purchased at the current presale price of $0.0011317 each, using ETH, BNB, or USDT across both ERC-20 and BEP-20 networks.
Additionally, you can visit the official Pepenode presale website and acquire tokens by connecting wallets such as MetaMask or Best Wallet, which are among the most secure and user-friendly options.
The post PEPE Price Prediction: Pepe Dips 10% Into Key Support, Can History Repeat With a 100% Rebound? appeared first on Cryptonews.
