PEPE Mirrors Its Past Bottom – Will RSI Divergence Spark Another Rebound Rally?

Date: Wed, April 09, 2025 | 05:30 PM GMT The cryptocurrency market has been struggling with an extended correction phase, where Ethereum (ETH) itself recorded its worst Q1 decline since 2018 — plunging a whopping 56% this year. This broader weakness hasn’t spared even the meme coins, which are often the most volatile during downturns. Among them, Pepe (PEPE) has taken a hard hit, shedding 65% of its value since the beginning of 2025.

Source: Coinmarketcap But despite the bloodbath, $PEPE is now turning heads for a different reason. Its recent price action is beginning to echo a familiar pattern — one that led to massive rallies in the past. And with today’s impressive 15% gain, speculation is brewing: is PEPE about to bounce back? PEPE Mirrors Its Past Bottom Structure According to a fresh analysis by well-known crypto trader and chartist @ChandlerCharts, PEPE's current setup is forming a near-identical fractal to its two previous bottoming phases — both of which led to explosive upward moves.

PEPE Daily Chart/Source: @ChandlerCharts (X) The attached chart highlights three major periods where: Price reached a critical horizontal support zone (marked with yellow boxes),RSI (Relative Strength Index) showed a bullish divergence — higher lows on the RSI even as price printed lower lows. Each time this structure formed, it was followed by a significant breakout rally. The RSI, in particular, has been a strong tell. It shows that while selling pressure remains, momentum is gradually building to the upside. The current RSI divergence and consolidation at a familiar support zone now suggest a similar reversal could be in play. Third Time’s the Charm? If this pattern holds, PEPE could be gearing up for its third major rebound. While price remains well below its February highs, the technical setup is strikingly similar. Today’s 12% bounce only adds fuel to the possibility that traders are beginning to front-run a potential breakout. Of course, macro uncertainty and broader crypto market trends still loom large. But fractals like these often act as roadmaps for seasoned traders — and the signals PEPE is showing right now are hard to ignore. Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.