PEPE Price Prediction – Can the memecoin avoid a repeat of the 60% pullback this summer?

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Despite the recent pullback of PEPE, its price has stabilized at the critical support level of $0.0001711. The OBV indicator shows little selling pressure, and it continues to stay above the May highs, suggesting that the likelihood of recovery is greater than further decline.

According to the latest update from Lookonchain, whales who sold PEPE during the market downturn have begun to accumulate again, indicating that investors are confident in the bullish recovery of PEPE.

PEPE Future Trend Analysis: Rebound or Pullback?

On the 3-day chart, PEPE's current price appears to be slightly weak, with a closing price of $0.00001705 on December 17, lower than the previous high of $0.00001729 on November 26, indicating that sellers are still in control. However, the price range of $0.00001974 to $0.00002259 may become a reasonable rebound target, and PEPE is expected to rise to $0.00002 to $0.0000225 in the coming days.

If PEPE experiences a pullback similar to that of April-May, it may drop to $0.00001067, but considering the current market is different from earlier this year, with Bitcoin maintaining a steady downward channel, PEPE may not fall to the 78.6% support level.

Outlook: Uptrend or Consolidation?

It is expected that after a short-term consolidation, PEPE will gradually rise to $0.0000144, with the ultimate target possibly breaking through $0.000042 and above. Overall, PEPE is more likely to experience an upward trend in the short term rather than continue a significant pullback.

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