The cryptocurrency market is facing one of its most significant dips in recent memory. Bitcoin (BTC) fell to the $62,000 price level earlier this month, and most other assets followed its trajectory. Pepe (PEPE) has also fallen victim to the market crash, experiencing a massive price dip over the last few weeks. According to CoinGecko data, PEPE is down 2.5% in the last 24 hours, 13% in the last week, 26.6% in the 14-day charts, and 38.2% over the previous month. The popular memecoin is also down by nearly 87% from its all-time high of $0.00002803, which it attained in December 2024. Moreover, PEPE’s price is expected to fall further in the coming weeks. Let’s discuss if you should buy the dip.

PEPE price chart
Source: CoinGecko

Pepe Price Dip: Should You Buy When Prices Are Down?

pepe sitting on piles of cash
Source: WatcherGuru

PEPE had an incredible run after its launch in April 2023. Since its launch, the memecoin has hit multiple milestones. PEPE’s price climbed to a peak in December 2024, when Bitcoin (BTC) breached the $100,000 mark for the first time. However, the memecoin’s price has seen a gradual decline since its 2024 all-time high.

Moreover, market participants are stay away from risky assets, especially memecoins, which carry more risk than traditional crypto assets. PEPE’s price may face further corrections over the coming weeks. According to CoinCodex analysts, PEPE’s price will fall to $0.000002666 on Feb. 19, 2026. Falling to $Moreover, market participants are stay away from risky assets, especially memecoins, which carry more risk than traditional crypto assets. PEPE’s price may face further corrections over the coming weeks. According to CoinCodex analysts, PEPE’s price will fall to $0.000002666 on Feb. 19, 2026. Falling to 0.000002666 from current price levels will entail a correction of about 27.55%.

PEPE price prediction
Source: CoinCodex

Also Read: Pepe Investor Turned $215 Into $1.06 Million: How Did He Do It?

However, despite the short-term bearish outlook, PEPE’s price will likely pick up momentum once the crypto market is back on its feet. The liquidity crunch and macroeconomic uncertainties are presenting substantial challenges to risky assets. However, the market will likely enter another bull run once the larger economy improves. PEPE’s price will likely see massive rallies once the crypto market recovers.

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