With a historical support trendline under pressure, Pepe price predictions now sit at a crossroads between bullish and bearish scenarios.
The $0.0004 region has acted as a firm bottom since the meme coin’s mid-2024 run, and it stands to prove a launchpad yet again.
But it could also become the breaking point, as the last barrier to a dangerous gap zone with little historical buying activity to cushion further downside.
Structurally, the level forms the neckline of a looming head-and-shoulders pattern, which could trigger a 75% collapse toward $0.000001.
Market participants seem to be positioning around the setup. Over the past two weeks, Open Interest has climbed more than 50% to $249 million as traders re-engage with price action.
PEPE Open Interest (OI). Source: Coinglass.
Pepe Price Prediction: 500% Rally Still in the Cards
Months of volatility have triggered sharp swings, yet the Pepe price continues to track the broader structure of a 19-month ascending triangle.
November’s drop marked a breakdown from that pattern, but its lower support and resistance levels may still guide a recovery.
PEPE / USDT 12-hour chart, ascending triangle pattern. Source: TradingView.
Its post-breakdown momentum nears exhaustion. While the MACD hints at continued downside with a looming death cross below the signal line, the RSI is approaching the 30 oversold zone — a historical bottom marker for Pepe.
Buyers could soon have room to re-enter, and a strong rebound would target the triangle’s lower support trendline, offering firmer footing for a sustained move higher.
And if its upper resistance can be flipped to support, the setup points toward a return to the all-time highs around $0.000028 for a potential 550% gain from current levels.
With the patterns upper resistance flipped to support, the setup eyes past all time highs around $0.000028, representing a 550% gain from current prices.
That momentum likely depends on a catalyst, such as a December U.S. rate cut to boost risk appetite and revive demand for more speculative plays like Pepe.
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