After trading as high as $3.00 in early December, market crash saw a majority of the 2025 gains wiped off the meme coin, PEPE, leading to a prediction by a popular crypto analyst on January 13 that the coin is due for a massive bounce-back .
The analyst, better referred to as “Slick,” seems to think that the token has bottomed this cycle and is now in a bull market according to Elliott Wave theory expectations. Pepe, the third-largest meme coin in terms of market capitalization, fell 26.45% in the past month and a further 16.20% in the past week, the CoinMarketCap data shows.
Pepe’s Bullish Wave Prediction
Although the bearish momentum appears to be strong Slick indicates that this currency might be capable of rising to as high as 594% once it enters Wave 3 which is usually characterized by a rapid rise in the different cycle markets. According to Slick, there are three waves in the price movements of Pepe.
Wave 1 showed the first hike in the price, while Wave 2 retraced below the 200-day EMA, pulling back into the base. Wave 3 is expected to rise with a very big bounce back. The analyst drew particular attention to the fact that 200 EMA is a very strong support which, when tested, create the ‘fear phases’ for Pepe’s price.
This projection to Wave 3 means Pepe can reach a bull target of $0.000118 from its current price of $0.000017, which if achieved will take its market cap to $50 billion. But due to volatile market trends Slick mentioned that this prediction has 70% accuracy.
This is a trend we have seen across other meme coins, including Doge, which has shed 12.5% of its value in a week and Shiba Inu that has lost 11.2% in a week.
Nevertheless, in the present period characterized by bearish trends, Slick outlined bullish scenarios for Pepe`s further market trends. If this projected rally is to be realized then, it could be good news for the frog-themed token especially when the market situation remains uncertain.
However, as the case may be in the context of Pepe’s recovery, specific attention is paid to investors’ optimism as market sentiment remains unstable throughout the cryptocurrency space.
