PEPE Forms Bullish Reversal Pattern, Breakout Could Drive Gains
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Jan 09 2026- Technical Pattern Analysis: PEPE has formed a descending channel on the daily chart, indicating a potential breakout soon, which could lead to price appreciation and boost investor confidence.
- Key Support Level: The current support level at $0.00000526 is crucial; if maintained, PEPE could target the price range between $0.00000800 and $0.00001000, further solidifying the bullish trend.
- Market Dynamics Monitoring: Analysts note that PEPE needs to sustain its upward momentum in the coming days to avoid retracing back into lower ranges, ensuring the validity and sustainability of the breakout.
- Risk Warning: If the support level fails, PEPE may face sharp retracements, a common occurrence in the fast-moving memecoin market, thus investors should closely monitor price movements.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
