PEPE has slipped into a clear bearish phase after breaking below a textbook head and shoulders pattern.
On Ali’s weekly chart, the left shoulder, head, and right shoulder lined up almost perfectly before the PEPE price finally cracked the neckline. Once that level gave way, the trend shifted decisively to the downside.
The most important part is how PEPE reacted after that breakdown. The price tried to bounce back toward the neckline, but the rejection was immediate. That failed retest tells us the neckline has officially flipped from support to resistance, which is exactly what you expect in a bearish continuation setup.
Ali’s projection shows the PEPE price drifting lower in stages, forming fresh lower lows as the pattern plays out.
The PEPE Chart Confirms the Breakdown and the Targets Below
CryptoPatel’s chart backs up the same idea. He highlights the same head and shoulders formation and notes that once PEPE lost the neckline, it opened the door to a 50–70% drop.
That puts the next major support zone around $0.00000150, almost identical to Ali’s target of $0.0000014, which adds strong confluence between their analyses.
Patel also points out that $0.000006, which used to be a reliable support zone, has now turned into firm resistance. As long as the PEPE price stays below that level, the broader trend remains bearish.
He’s very clear about the reversal criteria: reclaiming $0.000006 would be the first sign of strength, but until that happens, any short-term rallies are likely to get sold off.
PEPE Market Structure Still Favors More Downside
Both charts show the same story: The PEPE price spent weeks forming lower highs on the right shoulder before finally breaking down. That slow distribution phase usually leads to a deeper decline rather than a quick snap back.
The dotted paths in both PEPE charts show a gradual slide rather than a sudden capitulation, indicating this move could take time to fully play out.
Volume is also fading, which signals a lack of aggressive buyers stepping in. Without a strong wave of demand, PEPE is more likely to follow the existing downtrend than reverse it.
Short-Term Outlook for PEPE Price
Right now, the outlook looks bearish. Both analysts see the $0.0000014–$0.0000015 area as the logical next stop unless the PEPE price can reclaim $0.000006. That level is now the key dividing line between continuation and recovery.
Until bulls show some conviction around that zone, PEPE may have more downside ahead before finding a stable base.