$PEPE (PEPE), the frog-meme darling of crypto, has been a rollercoaster in 2026. Launched as a fun Ethereum-based token, it's captured hearts (and wallets) with its viral appeal, but market volatility has hit hard. As of early February, PEPE trades around $0.0000015, down 48% from its January peak amid broader market jitters. Market cap hovers near $630 million, with trading volume spiking on bearish news.
Technical Breakdown
The daily candlestick chart reveals a classic downtrend since late 2025, with PEPE testing key support levels around $0.0000012. A prominent head-and-shoulders pattern signals potential further downside if the neckline breaks, but RSI dipping below 30 hints at oversold conditions ripe for a bounce.
Zooming out to the weekly view, we see a sharp 25% surge in early January followed by relentless selling pressure, forming red candles that scream caution. Yet, analysts eye a 600% breakout if it holds $0.000001 – a meme coin classic of high risk, high reward.
Outlook & Prediction
Short-term: Bearish correction persists, with volatility from ETF rumors and altcoin rotations. Long-term, Changelly forecasts a max of $0.00000379 by end-February if sentiment flips. For traders: Set stops below support, watch for volume spikes. HODLers: Pepe's community could defy gravity again – but DYOR, this frog jumps wild!
