PEPE Hits Cycle Low, Analyst Forecasts Massive 586% Surge
- PEPE hits lowst pric of currnt cycl, signling potntil bullish rvrsl.
- Slicks Elliott Wv nlysis idntifis PEPE ntring Wv 3, projcting 586% ris.
- Dspit rcnt 42.14% dclin, Slick forcsts PEPE could rch $0.000118, iming for $50 billion mrkt cp.
A prominnt crypto nlyst known s Slick hs idntifid significnt turning point for Pepe (PEPE), th third-lrgst mm coin by mrkt cpitliztion. According to th nlyst, PEPE hs mrkd its lowst pric for th currnt cycl ftr nduring shrp mrkt downturn tht rsd most of its 2025 gins. Howvr, this pivotl momnt could signl bullish wv with mssiv upsid potntil.
On Jnury 14, Slick shrd his obsrvtions on X, ccompnid by dtild chrt brking down th tokns pric movmnts using th Elliott Wv thory. His nlysis suggsts tht PEPE is ntring Wv 3, which historiclly rprsnts powrful upwrd mov. With projction of 586% ris, th nlyst nticipts tht this could b gm-chnging momnt for th frog-thmd cryptocurrncy.
Elliott Wave Theory Points to Market Shift
Slicks chrt sgmnts PEPEs pric journy into thr distinct wvs. Wv 1 mrkd n initil ris, chiving two locl pks bfor corrctiv phs bgn. Wv 2 highlightd two dditionl pks, followd by significnt rtrcmnt blow th 200-dy Exponntil Moving Avrg (EMA), indicting mrkt hsittion.
As th cryptocurrncy prprs to mbrk on Wv 3, Slick hs mphsizd th importnc of th 200-dy EMA s criticl support lvl. Ech dip to this lvl hs bn dscribd s fr phs, rflcting brodr uncrtinty in th mrkt. Ths fr phss historiclly st th stg for powrful rcovris.
PEPE Massive Decline Sets Stage for Rebound
PEPEs rcnt prformnc hs bn chllnging, with its vlu plunging ovr 42.14% in th pst month, ccording to CoinMrktCp. Dspit this brish prformnc, Slick ss potntil for mjor rbound. H prdicts tht th tokns mrkt cpitliztion could sor to $50 billion, lding to substntil gins for th mm coin.
Whil cknowldging 70% crtinty in his projctions, Slicks nlysis mphsizs th dottd lins on th chrt, which indict spcultiv futur pric movmnts within Wv 3. Unlik th rlir wvs, Wv 3s progrssion includs only on locl top to dt, with th possibility of forming scond bfor nothr corrction.
Slicks forcst suggsts tht th coin could ris from its currnt mrkt pric of $0.0000172 to nw high of $0.000118, mrking 586% incrs. H nticipts tht th coins trjctory will mirror pst wvs, whr two pks mrg bfor pric corrction. This projction provids hop for invstors.
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Read more: https://www.tronweekly.com/pepe-hits-cycle-low-analyst-forecasts-586-surge/
Text source: TronWeekly
