Pepe Bounces 25% Amid Symmetrical Triangle Breakout Potential

The cryptocurrency market has shown early signs of stabilization following a recent downturn, with Ethereum (ETH) rebounding to $3,675 from a low of $3,357. Amid this partial recovery, several altcoins and memecoins, including Pepe (PEPE), have begun to show renewed vigor [1]. On August 5, 2025, PEPE was trading in positive territory, marking a modest but notable bounce, and forming what traders are now calling a symmetrical triangle pattern on its price chart [1]. This technical structure has historically indicated a period of consolidation before a breakout in either direction, potentially setting the stage for a significant upside move if bullish conditions align [1].

On the daily chart, PEPE recently faced rejection near the upper boundary of the triangle at $0.00001474, causing a pullback toward the lower trendline at approximately $0.0000098. This level coincided with the 200-day moving average (200 MA), reinforcing its significance as a potential support zone. The price has since stabilized and begun to rise, trading above $0.00001062, with attempts to cross above the 50-day moving average (50 MA) at $0.00001107 [1].

Looking ahead, a successful breakout above the 50 MA could signal the start of a more aggressive upward trend. If PEPE holds above this level and the 200 MA at $0.00001028, the path to $0.00001330 becomes more viable, representing an upside move of over 25% from current levels [1]. However, any failure to maintain these key levels could invalidate the bullish pattern and signal a continuation of the bearish trend [1].

Earlier in the week, on August 2, 2025, PEPE had fallen 3.35% to $0.00001039, breaking down from its mid-range trading pattern and signaling short-term bearish momentum [5]. Arthur Hayes, former CEO of BitMEX, noted that the coin had found a potential floor at $0.00001, which aligns with the lower boundary of the triangle pattern [5]. This development has led to speculation about a potential reversal, though no definitive confirmation has yet emerged [5].

Analysts remain divided on the longer-term outlook for PEPE. Some view the coin as part of a broader trend where meme-based tokens, due to their viral nature and strong community support, can experience sharp rallies under the right market conditions [8]. Related projects, such as Little Pepe (LILPEPE), are also generating interest, with projections of a 58,000% potential return based on its current presale price of $0.0017 [6]. While these are analyst forecasts and not guarantees, they reflect the ongoing momentum in the meme coin sector [6].

On the technical front, a bear flag pattern has emerged on the 4-hour chart of PEPE, raising concerns about a possible continuation of the downward trend [3]. Investors are being urged to closely monitor both key resistance and support levels to gauge the likelihood of a reversal or a deeper decline [3].

While the immediate outlook for PEPE is mixed, the broader market environment and the historical resilience of meme coin narratives suggest that a rebound remains possible. Investors are advised to proceed with caution and to assess evolving technical and sentiment indicators before committing to any position [8].

Sources:

[1] $PEPE Struggles to Hold Support – Breakdown or Bounce (https://www.binance.com/en/square/post/27899377130553)

[3] Potential Bear Flag Pattern Forms on 4-Hour Chart (https://news.bitcoin.com/bitcoin-price-watch-potential-bear-flag-pattern-forms-on-4-hour-chart/)

[5] Arthur Hayes - Pepe - Price Prediction (https://cryptonews.com/news/pepe-price-prediction-crypto-billionaire-arthur-hayes-sells-pepe-is-the-bull-market-over/)

[6] Turn $500 Into $40000 in 100 Days: These 4 Top Meme ... (https://www.mitrade.com/au/insights/news/live-news/article-3-1010592-20250805)

[8] Top Altcoin To Watch: Cold Wallet, BONK, SUI & PEPE ... (https://blockchainreporter.net/cold-wallet-hits-5-5m-presale-joins-bonk-sui-pepe-as-top-altcoins-to-watch-in-2025/)