Date: Mon, June 23, 2025 | 06:10 AM GMT
The cryptocurrency market continues to face significant pressure as geopolitical tensions escalate between Israel and Iran, now with direct U.S. involvement. This instability has triggered a broad sell-off across the crypto space. Ethereum (ETH) has slumped from a recent monthly high of $2,877 to just $2,246 — and memecoins like Pepe (PEPE) have not been spared.
Over the last week, PEPE has dropped 20%, deepening its monthly losses to 35%. But beneath the red candles, a familiar bullish setup is quietly forming — and if history is any guide, a powerful reversal might be brewing.
Source: Coinmarketcap
Familiar Fractal Signals Major Rally Ahead
On the daily chart, PEPE is mimicking a setup seen twice in 2024 — once in April and again in November. Both instances involved the token correcting sharply, consolidating within a falling wedge, and then breaking out to deliver massive gains. The April move saw a 132% rally, while November brought an even bigger 179% surge.
PEPE Daily Chart/Coinsprobe (Source: Tradingview)
Interestingly, PEPE has now completed a similar structure. After rallying strongly in May 2025 and facing rejection at the long-standing ascending trendline, the token has since slipped into a falling wedge pattern once again — just like before.
The 100-day moving average is also hovering nearby, providing additional technical confluence at the current price zone. Historically, this acted as the launchpad for previous rallies.
What’s Next for PEPE?
If this fractal plays out similarly to 2024, a breakout from the falling wedge could ignite a major rally toward the $0.000040 area — a move that would align with the ascending resistance trendline and imply a potential gain of over 317% from current prices.
But caution remains key. While the chart is promising, confirmation is still lacking. For bulls to gain control, PEPE must break decisively above the falling wedge and reclaim its 100-day moving average. Until then, it’s just a setup — not a signal.
As global tensions remain high, volatility may persist across all crypto assets. It’s essential to monitor key levels closely and avoid premature entries.
Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.
