Has PEPE Finally Finished its Correction? | Credit: Hameem Sarwar
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Key Takeaways
PEPE trades inside a symmetrical triangle pattern.
The PEPE price has finished wave B of an A-B-C correction.
Will PEPE finally break out from its triangle and move to new highs?
PEPE was among the first memecoins to bounce back when the crypto market rallied in March 2025.
The momentum didn’t last, though. After peaking in May, the token has been sliding steadily, forming a series of lower highs along the way.
Now, PEPE has returned to test the support trend line of a long-term triangle pattern. A rebound here could mark the end of its downtrend and open the door to fresh highs.
Let’s take a closer look at the charts to see how realistic that scenario is.
Why Is PEPE Going Down?
The weekly time frame analysis shows PEPE has traded inside a symmetrical triangle since May 2025.
The PEPE price bounced at the triangle’s support trend line four times (green icons), most recently today.
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However, despite this positive PEPE prediction, momentum indicators are bearish.
The Relative Strength Index (RSI) is below 50 while the Moving Average Convergence/Divergence (MACD) is negative.
So, the weekly time frame is inconclusive on whether the PEPE price will break out.
Can PEPE Break Out?
PEPE’s long-term count points to a breakout. According to the count, PEPE is in wave B of an A-B-C correction (red).
Even though the count suggests the increase is corrective and PEPE has already finished its five-wave increase, it still indicates that a breakout is likely.
Once PEPE breaks out from the triangle, it could approach the all-time high and complete wave B.
While wave C could reach the same length as wave A, that would put the PEPE price at a new all-time high, which goes against Elliott Wave rules when considering PEPE is in a correction.
Breakout Incoming
PEPE sits at a critical point as it tests the long-term triangle support again.
While the Elliott Wave count and chart structure lean toward a breakout, bearish momentum indicators keep the outlook uncertain.
A decisive move above resistance could trigger the next leg higher, taking PEPE close to its all-time high.
Disclaimer:
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
Valdrin Tahiri is a cryptocurrency analyst and reporter at CCN, specializing in technical analysis with a focus on Elliott Wave theory, on-chain metrics, and fundamental research. He brings over seven years of experience in the crypto space as both a trader and writer.
He discovered cryptocurrencies in 2017 while earning his MSc in Financial Markets at the Barcelona School of Economics, which sparked a deep interest in blockchain and market dynamics. Since then, he’s contributed to top crypto outlets like BeInCrypto and CoinGape.
Valdrin also served as Community Manager of BeInCrypto’s Telegram group for three years, helping grow it into one of the largest crypto communities worldwide. His expertise in market structure and price patterns allows him to break down complex trends into clear, actionable insights.
He’s published thousands of articles covering altcoins, Bitcoin cycles, and macro trends.
