Elliott Wave pattern suggests that PEPE/USD can resume higher

Gregor Horvat Wavetraders

PEPE has completed a larger degree corrective wave labeled (A)-(B)-(C), where wave (C) has potentially ended after it came out of a wave B triangle pattern. So looks like pullback from 2023 highs can be finished, especially as recovery from September/October came higher in five waves. Therefore, it appears that PEPE is in the initial stages of a new uptrend, forming an impulsive wave (1) or alternatively wave (A), with a corrective wave (2) (or B) possibly underway. If the bullish sentiment holds and it breaks above the "BULLISH LEVEL" line, this could confirm a wave (3) up, suggesting a strong continuation of the trend, maybe even back to May 2023 highs. At the same time we are observing the H/S pattern, which is also bullish here and can send prices muhc higher if neckline, near blue wave 1/A high is broken.

Get Full Access To Our Premium Elliott Wave Analysis For 14 Days. Click here.

Author

Gregor Horvat

Wavetraders

Experience Grega is based in Slovenia and has been in the Forex market since 2003.

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

Editor's Picks

Crypto market outlook for 2026

Year 2025 was volatile, as crypto often is. Among positive catalysts were favourable regulatory changes in the U.S., rise of Digital Asset Treasuries (DAT), adoption of AI and tokenization of Real-World-Assets (RWA).

Sberbank issues Russia's first corporate loan backed by Bitcoin

Russia's largest bank Sberbank launched the country's first Bitcoin-backed corporate loan to miner Intelion Data. The pilot deal uses cryptocurrency as collateral through Sberbank's proprietary Rutoken custody solution.

Bitcoin recovers to $87,000 as retail optimism offsets steady ETF outflows

Bitcoin (BTC) trades above $88,000 at press time on Tuesday, following a rejection at $90,000 the previous day. Institutional support remains mixed amid steady outflow from US spot BTC Exchange Traded Funds (ETFs) and Strategy Inc.’s acquisition of 1,229 BTC last week.