The memecoin PEPE has faced one of the largest market corrections, accumulating a 67% drop over the last two months. Currently, the token is trading near $0.0000071, testing a critical support that could define its next moves.
Like this post if you follow the memecoin market and want to know if PEPE can trigger a recovery! 👇
Last chance for PEPE to react?
According to the analysis of specialist Chandler, the $PEPE has reached a key long-term support level, which has historically propelled previous highs. If buyers defend this zone, the memecoin may gain strength for a possible trend reversal.
Could Bitcoin be the key to recovery?
Another factor that may influence the $PEPE is the behavior of Bitcoin. The analyst highlights that the global money supply (M2) is crossing the DEMA (Double Exponential Moving Average) of 100, an event that, in the past, coincided with major rallies of the $BTC :
🔹 2016: Anticipated the historic Bitcoin high in 2017
🔹 2020: Preceded the post-pandemic recovery and the 2021 bull run
🔹 2025: The same pattern is emerging now!
If this historical trend repeats, a new BTC high could reignite interest in the memecoin sector, directly benefiting PEPE.
Can PEPE recover or is another drop coming? Share your opinion! ⬇️
Source: CoinsProbe
Warning: This content is not an investment recommendation. Do your own research and be well-informed before making any decision.
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