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PEPE's potential 300% rally hinges on reclaiming key technical support levels, notably the ascending channel's lower trendline.

A breakdown below current support levels could lead to a 15-25% decline, driven by a bearish continuation pattern.

Broader market factors, including U.S. inflation data and Federal Reserve actions, will heavily influence PEPE's near-term price trajectory.

Pepe technical analysis

Pepe

+2.95%

The price of Pepe (PEPE), the third-largest memecoin by market valuation, has declined by over 50% from its record high of around $0.00001725, established in May 2024. As of Aug. 12, it was trading for as much as $0.00000850, up 45.30% from its local low