Jan 6, 2026
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PEPE Rallies 62% Amidst Potential Breakdown Retest Warning
Pepe has experienced a significant rally, with its price increasing by over 60% in the past week, outperforming other top cryptocurrencies. The memecoin reached $0.00000725 before retracing to $0.00000676.
- Dogecoin and Shiba Inu also saw increases of 17% and 15%, respectively, but Pepe's 62% gain is notable.
- Technical analysis suggests potential bearish trends for Pepe despite recent gains.
Head-And-Shoulders Pattern Analysis
Analyst Ali Martinez notes Pepe's price action may be forming a Head-And-Shoulders pattern, indicating possible bearish outcomes. Previously, the price fell below the neckline, leading to sustained bearish action until December.
- The current rally has brought the price back near the neckline, potentially setting up for another rejection.
- Martinez suggests this might be a retest before a drop to $0.0000015.
Floki, another memecoin, surged over 40% recently but shows a sell signal on the Tom Demark (TD) Sequential indicator.
