PEPE Price Rebound Might Be Underway — Here’s The Target
PEPE Price Rebound Might Be Underway — Here’s The Target The meme coin market was not spared from the general downturn that swept the crypto sector over the past week. PEPE’s price slump was among the most concerning events in the market during the period, as the meme token’s value dropped by double digits. The price of PEPE appears to have finally found support around the $0.000017 region, while briefly touching $0.000018 on Saturday, January 11. Interestingly, a popular crypto analyst on the social media platform X has sounded a buy alarm for the meme coin. Is A Return To $0.0000191 Feasible For Pepe? In a new post on X, prominent crypto trader Ali Martinez shared an exciting prognosis for the price of Pepe after some quiet days for the cryptocurrency. According to the pundit, the PEPE price might be preparing for a rebound back to its former highs. This prediction is based on the Tom Demark “TD” Sequential buy signal for the third-largest meme coin on its 12-hour price chart. The Tom Demark Sequential is an indicator used in technical analysis to identify the exact time of trend exhaustion and price reversal for any specific cryptocurrency. Typically, this technical analysis indicator comprises two phases: the TD Setup (or the momentum phase) and the TD Countdown (or the trend exhaustion phase). The TD Setup phase occurs after a price reversal and comprises a 9-candle count (of the same polarity). The TD Countdown phase, on the other hand, is valid only after the Setup phase has been established and consists of 13 candles. Source: Ali_charts/XAccording to Martinez, the TD Sequential indicator flashed a sell signal (specifically after the completion of the Setup phase) for the price of Pepe on January 4, 2025. This was followed by a 24% correction, as the meme token’s value declined to around 0.0000167 by January 9. Similarly, Martinez revealed that the TD Sequential has flashed another signal, but a bullish one this time around. According to the crypto analyst, if this alarm holds, PEPE could see its price rebound to between $0.0000185 and $0.0000191. This represents an almost 10% surge from the current price point. PEPE Price At A Glance As of this writing, the price of Pepe stands at around $0.000019, reflecting an almost 2% jump in the past 24 hours. According to data from CoinGecko, the third-largest meme coin is down by roughly 15% in the past seven days. The price of PEPE shows signs of resurgence on the daily timeframe | Source: PEPEUSDT chart on TradingViewFeatured image created by Dall-E, chart from TradingView Opeyemi Sule Opeyemi is a proficient writer and enthusiast in the exciting and unique cryptocurrency realm. While the digital asset industry was not his first choice, he has remained absolutely drawn since making a foray into the space over two years. Now, Opeyemi takes pride in creating unique pieces unraveling the complexities of blockchain technology and sharing insights on the latest trends in the world of cryptocurrencies. Opeyemi savors his attraction to the crypto market, which explains why he spends the better parts of his day looking through different price charts. “Looking” is a rather simple way to describe analyzing and interpreting various price patterns and chart formations. However, it appears that is not Opeyemi’s favorite part - in fact, far from it. Being able to connect what happens on a price chart to on-chain movements and blockchain activities is what keeps Opeyemi ticking. “This emphasizes the intricacies of blockchain technology and the cryptocurrency market,” he would say. Most importantly, Opeyemi thinks of any market insights as the gospel, while recognizing that he is only a messenger. When he is not clicking away at his keyboard, Opeyemi is most definitely listening to music, playing games, reading a book, or scrolling through X. He likes to think he is not loyal to a particular genre of music, which can be true on many days. However, the fast-rising Afrobeats genre is a staple in Opeyemi’s Spotify Daily Mix. Meanwhile, Opeyemi is a voracious reader who enjoys a wide category of books - ranging from science fiction, fantasy, and historical, to even romance. He believes that authors like George R. R. Martin and J. K. Rowling are the greatest of all time when it comes to putting pen to paper. Opeyemi believes his reading of the Harry Potter series twice is proof of that. Indeed, Opeyemi enjoys spending most of his time within the four walls of his home. However, he also sometimes finds solace in the company of his friends at a bar, a restaurant, or even on a stroll. In essence, Opeyemi’s ambivert (haha! been searching for an opportunity to use the word to describe myself) nature makes him a social chameleon who is able to quickly adapt to different settings. Opeyemi recognizes the need to constantly develop oneself in order to stay afloat in a competitive and ever-evolving market like crypto. For this reason, he is always in learning mode, ready to pick up the slightest lesson from every situation. Opeyemi is efficient and likes to deliver all that is required of him in time - he believes that “whatever is worth doing at all is worth doing well.” Hence, you will always find him striving to be better. Ultimately, Opeyemi is a good writer and an even better person who is trying to shed light on an exciting world phenomenon - cryptocurrency. He goes to bed every day with a smile of satisfaction on his face, knowing that he has done his bit of the holy assignment - spreading the crypto gospel to the rest of the world. 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