Pepe Coin Price Prediction: What’s Next After a 16% Crash?

The crypto market faced a significant downturn over the past week, with major assets like Bitcoin and Ethereum experiencing sharp declines. Bitcoin fell below the critical $100,000 mark, currently trading at $94,200, while Ethereum saw a drop of over 10% during the same period.

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This broader market dip also affected memecoins, known for their high volatility. On average, memecoins dropped by about 18%, with Pepe coin suffering a crash of 15% over the week.

Pepe Coin Price Analysis

Pepe coin saw a sharp decline from its recent high of $0.0000217 to its current price of $0.0000178. The peak at $0.0000217 served as a strong resistance level, triggering a market correction. Currently, PEPE is holding at $0.0000178, a short-term support level that has historically acted as a key zone for price stabilization.

PEPE/USD 4-hours chart - TradingView

The market’s broader bearish sentiment and Bitcoin’s underperformance have significantly influenced PEPE’s trajectory. While the coin remains resilient at this support level, its next move heavily depends on Bitcoin’s price direction.

Pepe Price Prediction: Two Potential Scenarios

With Bitcoin leading the broader crypto market, Pepe coin’s future movements are closely tied to Bitcoin’s price action. Here are two possible scenarios for PEPE price prediction:

PEPE/USD 4-hours chart - TradingView

Scenario 1: Bitcoin Rebounds Above $100K

If Bitcoin manages to regain momentum and head back toward the $100,000 price mark, it could pull memecoins like Pepe upward. In this scenario, PEPE price is expected to revisit its resistance at $0.0000217, offering traders a potential upside.

Scenario 2: Bitcoin Drops Further

If Bitcoin’s price continues to decline, falling below $94,000, it could lead to another wave of selling pressure in the crypto market. For Pepe coin, this would mean a drop toward its next support level at $0.000015.