PEPE Head and Shoulder Breakdown Shapes Support Test and Recovery Hopes

Analysts note a weekly Head and Shoulders breakdown on PEPE, showing weakening momentum after the neckline failed and deeper Fibonacci targets emerged.

A 3-day structure shows PEPE trading below its invalidation zone as charts point toward a broad Fair Value Gap acting as the next demand range.

Short-term charts indicate a developing W-pattern holding near local support, offering a temporary recovery attempt despite the broader bearish market pressure.

PEPE is navigating mixed technical signals as analysts assess whether the recent structure favors further downside or a short-term recovery. Current market behavior shows pressure across higher timeframes, while lower timeframes attempt to stabilize around nearby support zones.

Macro Structure Shows Bearish Pressure

Analyst Ali shared a weekly view indicating a broad Head and Shoulders pattern, suggesting weakening momentum as PEPE slipped below its neckline. The move pushed the price toward the 0.43e-5 region, where sellers continued to dominate. Fibonacci extension zones on the chart point toward deeper levels.

The chart shows declining strength following the failure to reclaim the neckline, which now acts as resistance. The dotted trajectory in the shared post reflects recurring volatility as the market reacts to smaller rebounds within a broader downtrend. These movements suggest a gradual loss of confidence across higher timeframes.

The projected targets on the chart align with the pattern completion concept as long as PEPE trades beneath the breached neckline. The weekly structure remains under strain until buyers regain control at higher resistance levels.

Mid-Timeframe View Suggests Extended Decline

Crypto Patel added a 3-day perspective showing a defined Head and Shoulders breakdown, which sent PEPE below the 0.000006 region. The invalidation zone sits just above 0.00000550, and price currently remains under this threshold. The chart indicates that the neckline now forms a strong resistance band.

Below current levels, the analyst identified a Fair Value Gap between 0.00000170 and 0.00000130 as the next major target range. This region aligns with the projected move calculated from the height of the pattern. The breakdown also followed a sharp 76% drop from the head into the neckline retest zone.

The structure shows a continuation trend while liquidity thins toward lower support levels. The bearish scenario remains active as long as price stays below the invalidation zone and fails to attract sustained volume above prior support.

Lower Timeframes Attempt Stabilization

If bulls hold 0.00000400 the price stays above these levels, it could climb toward 0.00000494.Analysts monitoring this chart see an 11.5% potential upside if the neckline holds. A drop below 0.00000400 would challenge the structure and favor sellers. This view contrasts with broader bearish trends yet offers a temporary reaction zone.

PEPE’s market cap dropped from $2.7 billion to around $1.7 billion and every bounce back toward the $2.0 billion zone kept getting rejected. This movement shows that the broader market is still dealing with a lot of uncertainty.

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