PEPE Price Prediction After 10% Drop—Chart Signals 127% Recovery Potential

PEPE price prediction remains essential for crypto traders after the coin price fell over 10% on early Monday. The drop pushed the meme coin to its lowest level since March 12. PEPE has now lost 77% of its value from the all-time high, leaving many holders deep in the red. Built on the Ethereum blockchain, PEPE still ranks as a top 3 meme coin. 

Ethereum Pullback Triggers PEPE Coin Price Crash

The latest PEPE coin price crash happened as Ethereum dropped sharply. ETH has declined from $4,000 to around $1,600 over the past few months. It had pulled down many ERC-20 tokens like Shiba Inu, Jasmy, and Floki. Since PEPE runs on Ethereum, it’s directly affected by the Ethereum market trends. 

Wider market fears also fueled the drop. Donald Trump’s Liberation Day speech spooked investors when he announced new tariffs on all imports. China and Vietnam could face tariffs of over 50%, raising fears of a U.S. recession. The CNN Money Fear and Greed Index dropped to 4, showing extreme fear. This caused many traders to exit risky positions, which hit meme coins hard and pushed down the PEPE coin price even more.

PEPE Price Prediction: Is a Reversal Setup Building?

Traders watching the PEPE price now see signs of a possible reversal. On the charts, PEPE is hovering near $0.000006440, just above a key support level at $0.000005833. This support area held strong in March. If it holds again, it could form a double-bottom pattern commonly known in crypto as a bullish reversal signal.

Chart 1 – Provided by crispus9, published on TradingView, April 7, 2025.

PEPE will break above the line at $0.00000918 if it bounces off $0.000005833. It could rally to $0.00001438, the 38.2% Fibonacci retracement level. This would mean a 127% gain from current levels. A falling pattern also supports the bullish PEPE price, signaling that buyers may step in soon.

Despite recent losses, PEPE still shows strength compared to other meme coins. It’s one of the few coins with a positive 30-day return, up 4%. Even with overall bearish sentiment, meme coin trends stay popular, especially among traders looking for fast gains during market turmoil.

What’s Next for PEPE Coin Price?

The future of the PEPE coin price depends highly on Ethereum and the overall crypto market. If ETH drops to $1,000, as some analysts warn, PEPE could slide below $0.000005833 and set to $0.000005000. That would break the current bullish structure and point to more downside.

However, if Ethereum finds support or starts to bounce, the current PEPE price prediction could play out. A move back to $0.00001438 is possible if momentum returns. As one of the most-watched tokens in PEPE coin news, PEPE could lead the next rally in meme coin trends.

Final Thoughts: Will PEPE Bounce or Break Below Key Support?

The PEPE price prediction looks bullish if the $0.000005833 support holds strong. A breakdown below this key level could trigger further downside. But if bulls defend the zone, PEPE might bounce and push higher. 

Backed by an active community and strong chart setups, PEPE remains a major player in current meme coin trends and dominates the spotlight in PEPE coin news. Traders should watch Ethereum’s next move and key support levels before jumping in.

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