PEPE’s slide under weekly support has split traders on whether the move marks failure or a trap. One analyst frames it as a liquidity sweep that could fuel a strong rally, while another tracks a slower reversal pattern building inside consolidation. Analyst Flags Liquidity Sweep After PEPE Breaks Weekly Support Crypto trader CryptoPatel says PEPE may be setting a “liquidity sweep” rather than a clean breakdown after dipping below a key weekly support zone. In a chart shared on X, he argues that the move under support could trap late sellers before a sharp relief rally. PEPE Weekly Support And Liquidity Sweep Setup. Source: CryptoPatel According to his weekly PEPE/USDT chart, the meme coin has tested support areas around $0.00000280 and $0.00000136. The post says a relief move of roughly 50% to 100% could follow if price reclaims that zone and pushes back into the prior range. The analysis frames the recent wick below support as a possible stop-hunt, with buyers stepping in once downside liquidity is cleared. From there, CryptoPatel maps upside targets at $0.00000914 and $0.00004494, levels that would imply gains in the region of 1,000% to 1,500% if PEPE flips overhead resistance and a broader “meme season” returns. The chart highlights resistance bands above current price and marks those targets with vertical projection bars. For now, PEPE trades below those zones, and the scenario depends on bulls defending the current support region and forcing a sustained close back above it. Trader Sees Possible PEPE Reversal After Support Break Crypto trader Andrew says PEPE shows early reversal structure after dipping below weekly support. His chart highlights heavy volatility around a broken support zone. Pepe Reversal Zones On Weekly Chart. Source: Andrew PEPE recently wicked under $0.00000280 before stabilizing. Then candles formed higher lows inside a tight band near $0.00000120 to $0.00000240. At the same time, 50-period EMA sat near $0.00000153, acting as a short-term floor during consolidation. Volume bars stayed elevated compared with early-month levels, with one visible reading marking 404K in recent trading activity. Andrew’s projection arrow suggests a push toward the high weekly range. The upper zone on his chart shows prices near $0.00000300 to $0.00000914, while an extended target band illustrated on earlier panels of the broader setup reaches $0.00004494 if momentum continues in a sustained breakout. For now, PEPE trades inside consolidation, leaving the next directional move dependent on buyers reclaiming the range.
