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The cryptocurrency analyst has called a bottom pepper (pepper)the third largest meme coin by market capitalization. According to the analyst, Pepe has reached its lowest price point for this cycle after witnessing a decline A market crash is scary Which wiped out most of its gains in 2025. Based on Elliott Wave theory, Pepe’s price action shows that it is entering wave 3, which the analyst expects to be an upward shift with a promise of 594%.
Pepe reaches the bottom of the market after prices collapse
On January 13, a cryptocurrency analyst known as “Slick” Announce The bottom of the Bebe market has officially been reached, indicating a potential turning point of the downtrend. The analyst shared a detailed chart on X (formerly Twitter), where he analyzed Pepe’s price action with an emphasis on wave patterns and… Exponential Moving Averages (EMA).
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The chart divides Bebe’s price action into three waves: 1, 2, and 3. Wave 1 represents an initial rise in the price of PIPE, during which two local peaks are made. The next phase, wave 2, highlights two local peaks and Corrective period Which is bouncing below the 200 day moving average.
based on Pepe price movementsSlick expects the meme to enter Wave 3 soon. It is expected that this wave will lead to a major movement upward. Moreover, the analyst sets the 200-day moving average at a critical support level, where every time Pepe price corrects this supportIt is called the “fear phase,” which emphasizes broader uncertainty in the market.
The peaks identified in waves 1 and 2 are the peaks that mark temporary resistance points before the price corrects. The top 1 signals the end of a short price rally, while the top 2 shows a rise to a minor resistance level.
It is interesting to the analyst I confess His predictions for Bibi’s bottom come with a certainty of 70%. These predictions are also in line with Bebe’s latest predictions Massive price collapse to new lows. According to data from CoinMarketCap, Pepe has seen a scary decline that has wiped out more than 26.45% of its value over the past month.
Cryptocurrency is still at a level Significantly downward trendIt is down another 16.20% in the past seven days. Pepe is currently experiencing similar volatility and bearish conditions to most coins on the market. Major coins such as Dogecoin and Shiba Inu have fallen by 12.5% and 11.2% respectively over the past week.
Analysts expect Pepe prices to rise by 594%
While commenting on Pepe’s performance is down And the potential market bottom, Slick also offered an upside, He expected a recovery to occur soon. The analyst set a price and market capitalization target for Pepe, confidently predicting that the frog-themed meme could rise to $50 billion. Market valuefollowed by a significant rise in value.
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The dotted lines in the price chart indicate speculative future price action leading up to wave 3. Unlike waves 1 and 2, which recorded two peaks, wave 3 saw only one local peak, followed by a decline to the 200-day moving average.
Slick believes that Pepe may face similar price movements to previous waves, as it will reach two local peaks before a major price correction occurs. The analyst predicted that the top 2 in Pepe’s Wave 3 would raise its price to 594% to New upside target worth $0.000118 from the current market price of $0.000017.
Featured image created with Dall.E, chart from Tradingview.com