Meme Coin Alert: PEPE Could Slice in Half…Twice

Meme coin speculators are getting an unwelcome reminder that sometimes technicals hit harder than hype as PEPE appears to have broken down from a classic head-and-shoulders pattern in early November.

If the pattern plays out, the coin could lose as much as 60%, targeting a steep drop to $0.0000015, according to the analysis shared by popular cryptocurrency trading expert Ali Martinez in an X post on November 26.

For a token known for jokes and community memes, this kind of technical breakdown serves as a hard wake-up call, especially since volatility remains elevated and support levels thin.

Although meme coins often move regardless of technical setups, history shows that major chart breakdowns can mark prolonged downtrends, particularly when sentiment turns bearish. Given PEPE’s fragile structure, risk becomes more than just paper profits.

Why This Head-And-Shoulders Pattern Matters for PEPE Now

Head-and-shoulders is one of the most respected reversal patterns in technical analysis. It signals a shift in supply-demand balance, often foreshadowing steep declines when the ‘neckline’ is decisively broken.

On November 3, PEPE pierced that neckline, which is a breakdown many view as confirming a top. When volatility amplifies, coins like PEPE tend to overshoot downside targets. The $0.0000015 target reflects the measured move of the pattern, from the head down through the neckline and beyond in a structural reset.

PEPE Price Analysis

Currently, PEPE is changing hands at $0.000004441, suggesting a decline of 0.44% in the last 24 hours, having also dropped 7% across the previous seven days, and accumulating a loss of 38.11% on its monthly chart, per the latest information.

For investors who entered PEPE near the highs or during speculative hype cycles, the consequences could be severe. Meme coin markets are less forgiving than blue-chip cryptos. Once panic sells begin, recoveries can be shallow and slow.

Yes, the token could bounce, and short-term traders might attempt to scalp gains. But long-term holders must now weigh whether PEPE has the resilience to survive a nearly two-thirds drawdown. Many agree it’s a time to watch carefully and tighten risk.

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