PEPE has slid further into a corrective phase in early February, losing almost half its value in roughly two weeks and now trading close to its yearly lows. The meme coin fell about 48% from a January peak, a reversal an analyst on X had flagged in a technical update. What happened - After a brief early‑2026 rally, PEPE’s price unwound sharply and now sits near the low end of its yearly range. At time of writing the token trades around $0.00000425, off an intraday low of $0.00000402. - The downtrend among meme tokens has been pronounced; PEPE in particular has recorded a consistent series of lower highs and lower lows since May 2025. Analyst view and earlier warning - The recent drop aligns with a technical outlook published in February that described a “full reversal” back toward the yearly low. - That update referenced an even earlier analysis from Jan. 5, which warned that PEPE’s early‑year surge — a clean run from the yearly open up to $0.00000715 without lower wicks across multiple timeframes — had the hallmarks of a manipulated move. The analyst noted the rally lacked quality accumulation signals at the bottom, and the subsequent selloff unfolded as quickly as the pump. Structure and what to watch next - The correction did not occur as a single panic flush but followed a steadier, target‑respecting decline that hit higher‑timeframe bearish objectives laid out in advance. Crucially, reaching those targets does not automatically trigger a bullish response. - Structurally, PEPE has done what technical watchers expected so far, but it has not yet shown clear signs of accumulation or sustained demand at current levels. That means further consolidation or renewed volatility — including more downside — remains possible before a constructive base emerges. Takeaway PEPE’s price action is a reminder that meme coins can reverse quickly and that apparent rallies require quality accumulation to sustain gains. Traders and observers will be watching for stronger demand, higher lows and volume confirmation before calling an end to the corrective phase. (This is market reporting, not investment advice.) Read more AI-generated news on: undefined/news

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