$PEPE is down almost 90% from its peak.

And somehow, I find this chart more interesting now than when everyone was screaming about meme season.

Look at the weekly structure.

Price has returned to a long-term support area, volatility is cooling off, and the market has gone unusually quiet.

I'm watching $0.00001 first.

Reclaim that, and the old ATH at $0.0000282 comes back into play.

$0.000039? That's my extreme bull case.

But there's a catch.

This entire setup depends on buyers actually defending the lows.

Everyone wants to catch the next 15x.

Nobody wants to buy when the timeline has already declared the coin dead.

$PEPE