CRO and PEPE Testing Key Demand Zones – Is a Reversal on the Cards?

Date: Tue, March 11, 2025 | 09:30 AM GMT

The cryptocurrency market continues to face strong bearish pressure, extending a correction phase that began after the rallies of late 2024. In the last 24 hours alone, Ethereum (ETH) has plunged over 9%, sliding from its December high of $4,000 to $1,900, putting significant strain on altcoins and memecoins across the board

Among those feeling the heat are Cronos (CRO) and Pepe (PEPE), both of which have declined sharply — over 52% and 74%, respectively, in the last 90 days.

Source: Coinmarketcap

Both tokens have now approached key support zones with similar price action, raising the question: is a reversal on the cards?

Cronos (CRO) Analysis

CRO’s weekly chart reflects the clear downtrend that began after the price got rejected from its ascending resistance trendline at $0.23 back in December, triggering a multi-week correction.

Cronos (CRO) Weekly Chart/Coinsprobe (Source: Tradingview)

This correction has now pushed CRO into a crucial demand zone around $0.075 (highlighted in green) — a level that historically acted as a strong resistance before turning into support. These zones are often known to spark bullish reversals.

Another positive sign is the formation of a falling wedge pattern, which is typically viewed as a bullish reversal setup. Moreover, CRO is trading below its 100-week moving average, indicating continued downward pressure — but early signs of relief are visible on the MACD, where histogram bars are starting to flatten, hinting at weakening selling momentum.

If buyers defend this demand zone, CRO could attempt a breakout from the wedge pattern, possibly targeting the $0.10–$0.12 zone in the next move.

Pepe (PEPE) Analysis

PEPE’s price action mirrors CRO in many ways. The weekly chart shows that PEPE entered a strong correction after getting rejected from its ascending resistance trendline near $0.000028 in December.

PEPE Weekly Chart/Coinsprobe (Source: Tradingview)

That rejection has dragged the price back into a key support zone around $0.00000050, marked in green — an area that previously acted as a major resistance and now serves as a critical demand level. This region has historically triggered significant upward moves.

Similar to CRO, a falling wedge pattern is visible, reinforcing the case for a potential bullish reversal. PEPE is also trading below the 25-week moving average, showing continued bearish pressure. But again, MACD histogram bars are contracting, indicating a possible momentum shift.

If this support holds, PEPE might gear up for a breakout from the wedge, although some sideways consolidation may occur before that.

Is a Reversal on the Cards?

Both CRO and PEPE are approaching crucial make-or-break zones. The confluence of demand zones, falling wedge formations, and early signs of MACD momentum weakening all point toward a potential recovery — but confirmation will only come with a breakout from the wedge patterns and reclaiming of key moving averages.

Until then, caution is advised, but this could be an early opportunity for bullish traders to start watching these altcoins closely for signals of reversal.

Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always conduct your own research before making investment decisions in cryptocurrencies.