PEPE Price May Be Recovering - Here Is The Target

The meme coin market is also not immune to the general downturn that has swept through the cryptocurrency industry this week. The decline in the price of PEPE is one of the most concerning events in the market at this stage, as the value of the meme token has dropped by two digits. The price of PEPE seems to have finally found support around the $0.000017 area, while briefly touching $0.000018 on Saturday, January 11th. What's interesting is that a well-known cryptocurrency analyst on the social media platform X has issued a buy warning for this meme coin. Can Pepe return to the $0,0000191 level? In a recent post on X, famous cryptocurrency trader Ali Martinez shared an interesting prediction about the price of Pepe after a few quiet days in the cryptocurrency market. According to this expert, the price of PEPE may be preparing for a recovery to previous high levels. This prediction is based on the Tom Demark “TD” Sequential buy signal for the third largest meme coin on its 12-hour price chart. Tom Demark Sequential is an indicator used in technical analysis to determine the precise timing of trend exhaustion and price reversal for any specific cryptocurrency. Usually, this technical analysis indicator consists of two phases: TD Setup (or momentum phase) and TD Countdown (or trend exhaustion phase). The TD Setup phase occurs after a price reversal and consists of 9 candles (same extreme). On the other hand, the TD Countdown phase is only valid after the Setup phase is established and consists of 13 candles.

According to Martinez, the TD Sequential indicator flashed a sell signal (specifically after completing the Setup phase) for the price of Pepe on January 4, 2025. This was followed by a 24% correction as the value of the meme token dropped to around 0.0000167 on January 9. Similarly, Martinez revealed that TD Sequential has issued another signal, but this time it is a bullish signal. According to the cryptocurrency analyst, if this alert continues, the price of PEPE could recover to the range of $0.0000185 to $0.0000191. This represents an increase of nearly 10% compared to the current price. PEPE Price Overview As of the time of writing this article, the price of Pepe is around $0.000019, reflecting an increase of nearly 2% in the past 24 hours. According to data from CoinGecko, the third largest meme coin has dropped about 15% in the past seven days.