PEPE Targets 0.0000148 With Wave 3 Aiming At 2.618 Fibonacci Level

PEPE shows a full wave count pattern and now trades near the price zone where wave 3 may top soon.

Fibonacci tools point to 0.0000148 as the level that could complete wave 3 if price momentum holds strong.

PEPE formed a clean bullish structure with each wave measured and current action tracking the 2.618 level.

A new chart analysis of PEPE/USDT suggests that the token may reach the 2.618 Fibonacci extension near 0.000014846. On May 21, 2025, analyst @ChartingGuy shared a detailed Elliott Wave count indicating the current wave structure is progressing toward a third impulse wave peak. The current price sits at 0.000013367, gaining +1.53% and nearing a crucial resistance level

Source: X

The analysis identifies a completed five-wave impulse followed by an A-B-C corrective phase. A new bullish wave structure appears to be forming from the March 2025 low. With Fibonacci levels clearly mapped, the next target for PEPE lies at 0.000014846, representing a full 2.618 extension from earlier price action.

PEPE has previously respected key Fibonacci ratios, with Wave 1 and Wave 3 aligning near 1.618 and 2.618 respectively. This technical alignment strengthens the case for another upward move if current momentum holds. The visual chart includes labeled impulse and corrective waves, making pattern recognition straightforward for technical traders.

Elliott Wave Count Suggests Ongoing Bullish Cycle

The chart shows a complete Elliott Wave 1-5 structure, beginning in mid-2023 and peaking in mid-2024. This was followed by an A-B-C correction through early 2025. According to standard Elliott Wave theory, this sets the foundation for the next major cycle.

Wave 2, completed in March 2025, marks a key pivot zone. The price then surged upward in what appears to be Wave 3, now approaching its projected high. The Fibonacci level of 0.000014846 serves as the primary upside target for this leg, based on a 2.618 extension.

This current wave structure reflects historical symmetry in PEPE’s prior patterns. Wave 1 and Wave 3 both followed textbook formations with measured pullbacks and impulsive follow-throughs. Traders watching for continuation patterns are now focusing on the price action near this key resistance.

Fibonacci Levels Provide Clear Technical Roadmap

Fibonacci retracement and extension tools offer predictive insight into possible resistance and support levels. On this chart, the 1.618 extension from the March low targets 0.000015482, just above the 2.618 level. These levels act as critical zones for price validation or reversal.

The alignment of the current price at 0.000013367 with major Fibonacci targets indicates an active technical pattern. If PEPE surpasses the 2.618 mark, it could signal the continuation of Wave 3 or even start a Wave 5 extension. Alternatively, rejection near this level could initiate a consolidation phase or corrective move.

The analyst notes that PEPE remains in an expansionary phase, as past wave completions provided similar price trajectories. The reaction at these Fibonacci levels may shape market sentiment going into Q3 2025. Until then, price watchers continue to monitor the 0.000014846 level as the defining metric for the next phase.