Headline: PEPE Showing Early Signs of Recovery — Analyst Points to Bullish Technicals After October 10 Crash
After the sharp October 10 crash, meme coin PEPE has been largely subdued, with little in the way of meaningful price recoveries. But according to TradingView analyst MyCryptoParadise, technical signals are beginning to shift in favor of bulls — possibly setting the stage for the token’s next rally.
What changed
In a recent analysis, MyCryptoParadise identifies several Wyckoff-style formations and momentum shifts that suggest the downtrend may have ended and an accumulation phase is underway:
- Selling Climax (SC): The analyst says PEPE experienced a selling climax, where buying absorbed heavy selling pressure. In Wyckoff terms, this often marks the end of a bearish phase and the start of accumulation.
- Change of Character (CHOCH): Price structure has reportedly transitioned from bearish to bullish, indicating that momentum may now be tilting toward buyers.
- Automatic Rally and Last Point of Support (LPS): The chart shows an initial automatic rally after the selling climax and a subsequent Last Point of Support — both signs that buyers are reasserting control even as resistance is being tested.
Key price zones to watch
MyCryptoParadise also highlights two Points of Interest (POIs) that could define the next move:
- Bullish POI ~ $0.00000326 — identified as a potential bounce-off or staging area for a rally.
- Bearish POI ~ $0.00000620 — flagged as a liquidity draw and likely top for the move; a peak at this level would represent a rally of over 60% from the bullish POI.
What this means for traders
Taken together, these readings suggest PEPE may have exited its bearish structure and could be entering a buy-side accumulation phase. The combination of SC, CHOCH, an automatic rally and an LPS are classic signs technical traders watch for before a sustained uptrend.
A brief caution: technical patterns are probabilistic, not certain. Traders should consider risk management, confirmation from volume and broader market conditions, and their own time horizon before acting.
Bottom line
After lingering post-crash, PEPE’s chart is showing multiple bullish signals according to MyCryptoParadise. If the identified bullish POI holds and momentum builds, the meme coin could target the higher POI near $0.00000620 — a move that would imply a significant upside.
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