Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnSquareMore
PEPE Testing Make or Break Support – Is a Rebound Ahead?

PEPE Testing Make or Break Support – Is a Rebound Ahead?

CoinsProbeCoinsProbe2025/03/07 20:00
By:Nilesh Hembade

Date: 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, Pepe (PEPE), which has seen a sharp 67% correction over the past two months.

Currently, PEPE is trading around $0.0000067, hovering near six-month lows as traders assess whether a rebound is on the horizon.

PEPE Testing Make or Break Support – Is a Rebound Ahead? image 0 Source: Coinmarketcap

Testing Make or Break Support

According to the latest analysis by crypto analyst Chandler , PEPE has now reached a critical Make or Break Support level. Since its December 9 high of $0.000028, the price has continuously declined, bringing it down to the $0.0000068 mark, 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 Global Money Supply (M2) crossing the 100 DEMA (Double Exponential Moving Average). Historically, this event has coincided with major Bitcoin rallies.

BTC-Global Money Supply (M2)/Source: @moonshilla (X)

The last two occurrences of this trend were:

  • 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.

Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.

2

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

After bitcoin returns to $90,000, is Christmas or a Christmas crash coming next?

This Thanksgiving, we are grateful for bitcoin returning to $90,000.

BlockBeats2025/11/28 08:43
After bitcoin returns to $90,000, is Christmas or a Christmas crash coming next?

Bitcoin security reaches a historic high, but miner revenue drops to a historic low. Where will mining companies find new sources of income?

The current paradox of the Bitcoin network is particularly striking: while the protocol layer has never been more secure due to high hash power, the underlying mining industry is facing pressure from capital liquidation and consolidation.

区块链骑士2025/11/28 08:23
Bitcoin security reaches a historic high, but miner revenue drops to a historic low. Where will mining companies find new sources of income?

What are the privacy messaging apps Session and SimpleX donated by Vitalik?

Why did Vitalik take action? From content encryption to metadata privacy.

ForesightNews 速递2025/11/28 08:23
What are the privacy messaging apps Session and SimpleX donated by Vitalik?

The covert war escalates: Hyperliquid faces a "kamikaze" attack, but the real battle may have just begun

The attacker incurred a loss of 3 million in a "suicidal" attack, but may have achieved breakeven through external hedging. This appears more like a low-cost "stress test" targeting the protocol's defensive capabilities.

ForesightNews 速递2025/11/28 08:23
The covert war escalates: Hyperliquid faces a "kamikaze" attack, but the real battle may have just begun