The PEPE price is now started walking back in bullish talks after the recent influx the crypto market. The last time PEPE’s weekly chart printed the kind of structure that is now forming on the chart, the price action delivered one of the most violent vertical rallies in crypto history. That was in 2023. Crypto analyst Crypto Patel now argues, with charts in hand, that the fractal-level structure has been reloaded and this cycle’s rally could be even bigger.
A PEPE fractal built on a rare confluence
At the time of writing, PEPE is trading around $0.0000038, putting it about 87% below its all-time high of $0.00002803, but still large enough to have a market cap of $1.59 billion. However, technical analysis shows that this decline could end soon and a 55x rally is possible for XRP.
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The backbone of this prediction is the convergence of three technical structures on the weekly time frame at the same price level: a fair value gap, an Order Block and a horizontal support zone that has held strong in recent months. This kind of triple confluence in one demand area is unusual on any time frame, and on the weekly chart it carries the weight of months of price history.
In 2023, PEPE entered a nearly identical FVG-plus-Order-Block confluence after a prolonged outage and retest sequence, subsequently launching a 4.515% move. Crypto Patel’s projection maps the current structure as a direct mirror of that setup with the same breakdown, same retest, and same demand recovery and assigns a 5.592% expansion target for this cycle.
PEPE price chart. Source: @CryptoPatel on X
The intermediate targets along the way are at the current peak of $0.000028 and then $0.00005, which is consistent with the Fibonacci extensions typically seen in extensions of the memecoin cycle. The ultimate goal is a possible move to $0.0001 sometime at the end of the bull cycle, which would be a new all-time high by a significant margin.
What needs to be done for a PEPE rally?
PEPE is currently trading at $0.0000038, right above an accumulation zone between the $0.0000030 and $0.0000018 demand blocks. The first major ceiling that PEPE needs to recover is an S/R flip zone around $0.0000071. This was a strong support level that turned into resistance after the collapse in the third quarter of 2026.
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A close and hold above $0.000006 would be structural confirmation that the super bullish expansion has begun, according to the analyst. Interestingly, the analyst highlighted $0.0000017 as the void level, meaning the bullish idea will only hold if the bottom of that weekly support holds.
Recent market commentary also shows that PEPE’s short-term behavior is improving, with one analysis indicate otherwise bullish developments that indicate an impending rally.
Featured image created with Dall.E, chart from Tradingview.com