Geopolitical Tensions Spark 6% Drop in PEPE Amid 284% Rally Hopes

The cryptocurrency market is currently experiencing a wave of bearish volatility due to escalating geopolitical tensions between Israel and Iran. Ethereum (ETH), a key indicator for the broader crypto market, has decreased from its 24-hour high of $2,680 to approximately $2,580. Memecoins, including Pepe (PEPE), have also been affected by this downturn, with PEPE experiencing a daily decline of over 6%.

Despite the recent pullback, there is growing optimism among traders and investors as a familiar fractal pattern from 2024 is reemerging on PEPE’s chart. This pattern, if it repeats, could signal a significant rally for the token. In late 2024, PEPE surged by 187% within a few weeks following a sharp correction and a breakout from a falling wedge pattern, which is known for preceding trend reversals.

Currently, PEPE’s price chart is mirroring the structure it exhibited in late 2024. After a strong rally in May 2025, PEPE faced rejection near the same ascending trendline and has since entered a falling wedge pattern. This formation suggests the potential for a similar upside breakout as seen in 2024. If PEPE follows the same trajectory, a breakout from the current falling wedge could propel the token toward the $0.000040 mark, representing a potential 284% gain from current levels.

While the broader market remains cautious, traders and investors are advised to closely monitor this structure. A breakout from the falling wedge could mark the beginning of PEPE’s next significant rally. However, it is crucial to conduct thorough research and consider other market indicators before making any investment decisions. The cryptocurrency market is influenced by various factors, including market sentiment, regulatory developments, and technological advancements. Fractal patterns, while valuable, should not be relied upon as the sole indicator of future price movements.