PEPE Testing Make or Break Support – Is a Rebound Ahead?
Fri, March 07, 2025 | 04:15 AM GMT
The cryptocurrency market remains in a corrective phase following the November rally. One of the hardest-hit memecoins in this downturn has been Ethereum based top memecoin,, which has seen a sharp 67% correction over the past two months.
Currently, PEPE is trading around, hovering NEAR six-month lows as traders assess whether a rebound is on the horizon.
Testing Make or Break Support
According to the latest analysis by crypto analyst Chandler , PEPE has now reached a criticallevel. Since its December 9 high of, the price has continuously declined, bringing it down to themark, where it is now testing a crucial trendline support.
PEPE 1D Chart/Source: @ChandlerCharts (X)Historically, this level has provided strong demand, and a bounce could open doors for further recovery.
Is a Rebound Ahead?
While market conditions remain uncertain, analyst Chandler has also referenced insights from @Moonshilla , highlighting the significance of the. Historically, this event has coincided with major Bitcoin rallies.
BTC-Global Money Supply (M2)/Source: @moonshilla (X)- Spring 2016 (February) – BTC began a major rally toward its all-time highs in 2017
- Spring 2020 (March) – BTC rebounded from the COVID crash, leading to the 2021 bull run
- Spring 2025 (March) – Current M2 trends indicate a similar setup, raising expectations for a Bitcoin-led market rebound.
If history repeats itself, a recovery in Bitcoin could fuel renewed bullish momentum in the altcoin and memecoin sectors, potentially sparking a PEPE reversal.
This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.
