Pepe Price Hits Extreme Overbought Zone—Time to Brace for a Pullback?

Meme coin mania pushes Pepe into dangerous overbought territory as traders chase the hype. RSI readings scream ’sell’—but when has logic ever stopped a crypto frenzy?

Key indicators flashing red: The 14-day RSI just pierced 85, a level that’s preceded 30%+ drops in past cycles. Liquidity pools show whales quietly taking profits while retail piles in.

Market psychology at play: ’This time it’s different’ narratives collide with basic mean reversion math. Bonus jab: Wall Street analysts now ’predicting’ price targets using meme templates.

Watch these levels: A close below $0.00000850 could trigger cascade liquidations. But in crypto, irrationality tends to outlast fundamentals—until it doesn’t.

Pepe price prediction

The ongoing PEPE Coin price surge is in line with what crypto.news predicted several times, including herehereand hereThese forecasts focused on the large falling wedge pattern that had formed on the daily chart. This pattern, defined by two descending and converging trendlines, typically signals a bullish breakout.

Pepe also formed a double-bottom pattern around the $0.0000057 level and has now moved above the neckline at $0.000009212. This double-bottom is a widely recognized bullish reversal formation.

However, one risk is that Pepe has become significantly overbought, with the Relative Strength Index rising to 84. Historically, such conditions often lead to brief pullbacks as investors take profits.

If this reversal happens, the next key level to watch will be at $0.000009212, the neckline of the double-bottom pattern, roughly 35% below the current price. A decline to this level WOULD still be considered bullish, forming part of a ‘break-and-retest’ setup, which is a common continuation pattern.