{"id":35645,"date":"2025-01-14T12:30:55","date_gmt":"2025-01-14T12:30:55","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=35645"},"modified":"2025-01-14T12:30:55","modified_gmt":"2025-01-14T12:30:55","slug":"pepe-marks-bottom-after-scary-market-crash-enters-wave-3-with-over-500-promise","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=35645","title":{"rendered":"PEPE Marks Bottom After Scary Market Crash, Enters Wave 3 With Over 500% Promise"},"content":{"rendered":"

A crypto analyst has called the bottom for Pepe (PEPE)<\/a>, the third-largest meme coin by market capitalization. According to the analyst, Pepe hit its lowest price point for this cycle after experiencing a scary market crash <\/a>that wiped out most of its 2025 gains. Based on the Elliott Wave theory, Pepe\u2019s price action shows it is entering Wave 3, which the analyst expects will be a bullish turnaround with a 594% promise.\u00a0<\/p>\n

Pepe Hits Market Bottom After Price Crash<\/h2>\n

On January 13, a crypto analyst known as \u2018Slick\u2019 announced<\/a> that Pepe\u2019s market bottom was officially in, signaling a potential turning point from a downtrend. The analyst shared a detailed chart on X (formerly Twitter), analyzing Pepe\u2019s price movement while focusing on wave patterns and Exponential Moving Averages (EMA)<\/a>.\u00a0<\/p>\n

The chart divides Pepe\u2019s price action into three waves: 1, 2, and 3. Wave 1 marks an initial rise in Pepe\u2019s price, during which two local tops were achieved. The next phase, Wave 2, highlights two local tops and a corrective period<\/a> that retraces below the 200-day EMA.\u00a0<\/p>\n

Based on Pepe\u2019s price movements<\/a>, Slick expects the meme coin to enter Wave 3 soon. He anticipates that this wave could trigger a significant move upwards. Moreover, the analyst pinpoints the 200-day EMA at a critical support level, where each time Pepe\u2019s price corrects to this support<\/a>, it is labeled as a \u201cfear phase,\u201d underscoring broader market uncertainty.\u00a0<\/p>\n

The two tops pinpointed in Waves 1 and 2 are peaks that mark interim resistance points before a price correction. The Top 1 signals the end of a brief price rally, while the Top 2 showcases a rise to a secondary resistance level.\u00a0<\/p>\n

Interestingly, the analyst has acknowledged<\/a> that his projection of Pepe\u2019s bottom comes with a 70% certainty. This forecast also aligns with Pepe\u2019s recent massive price crash to new lows<\/a>. According to data from CoinMarketCap, Pepe experienced a scary decline that eliminated over 26.45% of its value over the past month.\u00a0<\/p>\n

The cryptocurrency is still on a significantly bearish trend<\/a>, dropping by another 16.20% in the last seven days. Pepe is currently experiencing similar volatility and bearish conditions to most meme coins in the market. Top dogs like Dogecoin and Shiba Inu have fallen by 12.5% and 11.2%, respectively, this past week.\u00a0<\/p>\n

Analyst Forecasts 594% Pepe Price Rally\u00a0<\/h2>\n

While commenting on Pepe\u2019s bearish performance<\/a> and potential market bottom, Slick also presented a silver lining, predicting that a rebound could soon occur<\/a>. The analyst has set a price and market cap target for Pepe, confidently projecting that the frog-themed meme coin could rise to a 50 billion market capitalization<\/a>, followed by a significant surge in value.\u00a0<\/p>\n

The dotted lines in the price chart indicate the speculative future price action leading to Wave 3. Unlike Waves 1 and 2, which recorded two tops, Wave 3 has only experienced one local top, followed by a decline to the 200-day EMA.\u00a0<\/p>\n

Slick believes that Pepe could experience similar price movements with past waves, where it would reach two local tops before a significant price correction. The analyst has projected that the top 2 in Pepe\u2019s Wave 3 would drive its price as high as 594% to a new bullish target<\/a> of $0.000118 from its current market price of $0.000017.<\/p>","protected":false},"excerpt":{"rendered":"

A crypto analyst has called the bottom for Pepe (PEPE), the third-largest meme coin by market capitalization. According to the analyst, Pepe hit its lowest price point for this cycle after experiencing a scary market crash that wiped out most of its 2025 gains. Based on the Elliott Wave theory, Pepe\u2019s price action shows it […]<\/p>\n","protected":false},"author":0,"featured_media":35646,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-35645","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/35645"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=35645"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/35645\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/35646"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=35645"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=35645"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=35645"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}