Analyst: PEPE Moves Toward $0.00000185 After 3 Point Pattern Forms

The weekly chart shows a full head and shoulders structure that places PEPE near a major neckline test.

The price action sits below the 0.786 Fibonacci level and signals a slide toward lower 1W targets.

The projected move points toward $0.00000185 as traders assess if the neckline will hold or break.

PEPE printed a full head and shoulders structure on the weekly chart and the setup now brings new downside expectations. The left shoulder formed earlier in the year and the head later reached a higher peak that marked the strongest point in the pattern. The right shoulder developed during recent weeks as price failed to regain previous strength and produced lower highs across the chart.

The neckline now holds as the main decision level and the weekly candles sit directly above it as the pattern completes. The current price near $0.00000053 shows weakness and brings attention to the next Fibonacci levels shown on the chart. A move below the neckline may trigger a larger breakdown and the target sits at $0.00000185 as presented by the analyst.

The setup appears on a clean one week view and the dotted projection suggests a steady slide in stages if sellers gain control. The pattern shows a series of small bounces during the first part of the breakdown and the model then extends toward deeper levels. This view keeps traders alert since head and shoulders structures often attract strong reaction when confirmed on higher time frames.

Fibonacci Levels Add Clarity

The chart features multiple Fibonacci retracement marks that show how the price has reacted to each level during the past year. The 0.618 and 0.786 lines already failed as support during recent weeks and the candles now move toward the full extension area. These readings give traders a structured view since each drop shows a measured distance that fits the wider pattern projection.

The 1.272 and 1.414 zones appear on the lower section of the model and the dotted path suggests a steady fall toward these points. The final projected extension sits beyond these marks and ends near $0.00000185, which aligns with the analyst outlook. This level has now become the headline number since it combines pattern theory and clear Fibonacci structure on a one-week chart.

The image also shows the long consolidation zone that held earlier in the year, and this band may act as a guide if the price enters it again. This area hosted several weeks of sideways trade before the prior rally, and it remains a reference for traders who follow long-term signals.Each region on the layout provides a step that may shape the reaction if the neckline gives way and the pattern plays out.

Market Reaction And Forward Interest

The shared chart gained strong traction online and traders now debate if liquidity will support the full breakdown. The analyst noted that the pattern stands complete and the price sits in the danger zone that often triggers fast movement. This view creates fresh discussion since PEPE has moved with high speed during earlier market shifts and traders know volatility well.

One question now guides the market outlook. Will the neckline hold long enough to delay the projected fall toward $0.00000185? This question drives new attention since it shapes the next major move on a widely watched memecoin chart.

Recent posts follow the same view and mention that low liquidity can either speed the move or cancel the pattern with rapid rebounds. This creates strong interest around the next one week candle and traders wait for a clear signal across the neckline line. The chart therefore remains the main reference as investors monitor each reaction and prepare for a potential larger move.