December ETH Price Prediction · Posting Challenge 📈
With rate-cut expectations heating up in December, ETH sentiment turns bullish again.
We’re opening a prediction challenge — Spot the trend · Call the market · Win rewards 💰
Reward 🎁:
From all correct predictions, 5 winners will be randomly selected — 10 USDT each
Deadline 📅: December 11, 12:00 (UTC+8)
How to join ✍️:
Post your ETH price prediction on Gate Square, clearly stating a price range
(e.g. $3,200–$3,400, range must be < $200) and include the hashtag #ETHDecPrediction
Post Examples 👇
Example ①: #ETHDecPrediction Range: $3,150–
Is PEPE in Trouble as Analysts Flag Incoming Dip to $0.0000014?
Amid this decline, crypto analysts have called an incoming dip towards $0.0000014 after forming a bearish head and shoulders pattern. Additionally, the general meme coin market is in free fall as the sector losses 14% of market cap over the last 30 days alone
Analysts Predict Trouble for PEPE After a Bearish Chart Formation
In a recent post on X, crypto analyst Ali Charts observed that the price of Pepecoin could be in trouble after the formation of a bearish head and shoulder pattern on the weekly chart. His analysis suggests the pattern completed after PEPE broke its neckline, opening the door for a heavy downside action. Ali predicts that the meme coin could drop to $0.0000014 in the near future
Another crypto analyst, namely Crypto Patel, backed Ali’s projection and issued his own detailed technical breakdown. The analyst stated that the neckline support at $0.000006 broke down and turned into strong resistance. He further warned that failing to reclaim this level could push PEPE into a 50% to 70% drop. Patel set a potential target near $0.00000150, matching Ali Charts’ bearish outlook.
Both analysts agree on one critical level. They believe $0.000006 remains the key zone that decides PEPE’s short-term direction. Reclaiming this level would signal a bullish reversal and invalidate the deeper bearish targets. Until then, market pressure could continue driving prices lower.
Meme Coin Market Cap Drops to $41.20B
The pressure on PEPE comes as the entire meme coin market struggles to find stability. Data shows the meme coin market cap now stands at $41.20B after losing 14.80% over the last month. This drop signals a clear shift in sentiment as many traders step back from high-volatility tokens.
Trading volume across the sector has also collapsed sharply during the same period. The market recorded only $3.57B in trading volume, which reflects more than a 40% decline
Slowdown across the meme coin market has also weakened every major meme coin, including Dogecoin (DOGE) and Shiba Inu (SHIB), which usually anchor the sector during tough cycles. DOGE is down by 15% while SHIB is down by 9% on the monthly chart
What’s Next for Pepecoin?
PEPE now sits at a crossroads, and the market waits for a firm reaction from buyers. A clean move above $0.000006 would calm nerves because that level holds the entire structure together. A breakout there would show real demand returning and could trigger a more organized recovery
Failure by buyers to push Pepecoin price past the resistance means that the token could continue to face bearish pressure. Analysts predict that the next leg might bring the price down to the projected zone of $0.0000015 – $0.0000014. Such price action would challenge long-term holders and compel the PEPE community to review what to expect in the next phase