PEPE has pushed deeper into its corrective phase in early February after a sharp selloff wiped out nearly half of its value in just two weeks. The meme coin is now trading around its yearly low zone following a 48% decline that unfolded in line with a technical outlook shared by an analyst on X.\u00a0<\/p>\n
PEPE\u2019s price action since the start of the year shows a full unwind of a few days\u2019 rally, and the next question is whether the meme coin is still working through distribution<\/a> or preparing the ground for its next major phase.\u00a0<\/p>\n PEPE, like the rest of the crypto market, is trading in a bearish momentum<\/a>. This bearish momentum is much more established among meme coins<\/a> like PEPE, which have mostly been trading in a downtrend. PEPE, in particular, has been trading in a consistent series of lower highs and lower lows since May 2025.<\/p>\n According to a technical update<\/a> from an analyst, PEPE has now completed what he described as a full reversal toward its yearly low, with price unwinding the upside move that marked the opening weeks of 2026.\u00a0<\/p>\n The February update ties directly back to an earlier analysis <\/a>published on January 5, where the same analyst warned that PEPE\u2019s early-year rally showed characteristics of a manipulated move. Back then, its price surged directly<\/a> from the yearly open to $0.00000715 without printing lower wicks across multiple timeframes.\u00a0<\/p>\n Also, price failed to confirm quality accumulation confirmations at the bottom, which then led to a downside move just as fast as price pumped up. As it stands, PEPE has now corrected by around 48% from this January peak.\u00a0<\/p>\n Unlike the rally in early January, the ensuing drop did not occur impulsively in a single flush. Instead, it followed a steady corrective path that respected higher-timeframe targets laid out in advance. This is important context, with the analyst noting that hitting bearish targets does not automatically translate into an immediate bullish response.\u00a0<\/p>\nPEPE Completes Full Reversal To Yearly Lows<\/h2>\n
No Accumulation Signals Yet<\/h2>\n