The Pepe (PEPE) price has slipped back into the same demand zone that triggered some of its biggest rallies in the past.
Analyst Steph Is Crypto highlighted this area on the weekly chart and called PEPE “cheap now,” pointing out that price has once again returned to its long-term support band.
This zone has acted as the base for every major PEPE price breakout since early 2024, and the chart shows how each visit has led to sharp upside moves.
With the price now resting on this structure again, traders are watching to see whether history repeats.
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PEPE Price Is Back on Its Key Support Zone
The weekly chart shows PEPE sitting right on top of a thick demand area that has held multiple times before. Every touch of this zone has triggered aggressive buying in previous months. It’s the one level where long-term holders consistently step in.
Right now, the PEPE price is testing that same area again, suggesting the market may be near an inflection point. As long as PEPE holds above this zone, the setup remains intact. If buyers defend it, the next leg higher becomes much more likely.
Moreover, Steph’s chart points to a potential move of roughly +388% from the current level if the PEPE price repeats its earlier structure. That projection lines up with previous rallies that started from this same support.
A bounce from here could first target the mid–$0.00001000 area, then the upper range near $0.00002000. Those are the levels where past rallies have topped out before pulling back.
Of course, nothing is guaranteed, but the structure looks similar to the earlier accumulation phases that preceded major spikes.
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What Happens if The PEPE Price Support Breaks?
If PEPE fails to hold this demand zone, the setup changes. A breakdown would invalidate the bullish structure and open the door for a deeper pullback. That’s the worst-case scenario for bulls, who are betting on a rebound.
For now, though, the PEPE price is sitting right on the same level that fueled previous multi-fold rallies. That’s why this moment is seen as critical by many analysts.
PEPE is at one of the most key points on the chart, so how it reacts here could dictate a lot of the rest of the trend. Let me know if you’d like me to make it shorter, more bullish, or add a price-target table.
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