The popular meme coin PEPE has recently plummeted into a significant corrective phase, shedding nearly half its value in just two weeks. This sharp selloff has driven PEPE to trade around its yearly lows, with its 48% decline aligning precisely with technical predictions from market analysts. This volatile price action marks a complete reversal of the token's early-year rally, prompting critical questions about whether PEPE is experiencing prolonged distribution or preparing for its next major market shift.
PEPE's Steep Descent to Yearly Lows
Mirroring a broader bearish sentiment across the cryptocurrency market, PEPE has consistently charted lower highs and lower lows since May 2025. A recent technical analysis confirmed that the token has executed a full reversal towards its yearly low, unwinding the entire upside momentum experienced in the opening weeks of 2026. This early-year surge, which propelled the price to $0.00000715, notably lacked typical accumulation indicators, such as lower wicks across multiple timeframes, suggesting a potentially manipulated pump rather than organic growth. The rapid ascent was subsequently met with an equally swift correction, leading to a substantial 48% drop from its January peak. However, unlike the impulsive initial rally, the ensuing decline has followed a more measured and steady corrective trajectory, respecting predetermined higher-timeframe targets. This controlled unwinding suggests a structured market adjustment rather than a panicked sell-off, but it provides little comfort to investors seeking bullish momentum.
Awaiting Clear Signals for Recovery
Despite fulfilling its major bearish objectives, PEPE's current market behavior reveals no discernible signs of accumulation or sustained demand at its present price levels. Analysts emphasize the importance of patience, indicating that further consolidation or even additional periods of heightened volatility might be necessary before a more constructive and stable market structure can genuinely take hold. As of writing, PEPE is trading at approximately $0.00000425, having seen a minor rebound from an intraday low of $0.00000402. While the token has technically reached key corrective targets, the immediate technical outlook suggests that PEPE could continue its downward trend in the near term, keeping investors on alert for further price movements.
