• PEPE is now trading at $0.0₅4756 with bearish momentum, but indicators signal a potential rebound as the price approaches a key oversold zone.
• Chart signals remain mixed, with the RSI nearing 34, declining volume, and key support levels suggesting room for a short-term recovery.
• Market sentiment is turning bullish, supported by rising exchange activity and analysts’ stronger observations across meme-coin markets.

The crypto market continues its seesaw of gains and corrections. However, meme coins such as PEPE remain one of the strong retail interest models. Regardless of the recent declines in price, PEPE still sustains a sizeable trading volume, which shows that there is a community that is still expecting a move to the upside.

The token is currently trading in relatively close proximity to a key area​, creating hopes that a momentum shift may accompany a notable rebound. At press time, PEPE is trading at $0.0₅4756 with a decline of 0.6% over the past 24 hours

Chart Illustrates Low Selling Pressure

The daily chart from TradingView shows a continued bearish phase, with price around $0.000000476 following the breach of support at the $0.000000564 level, which is a level being tested for immediate resistance. The RSI reading of 34.21 indicates that the token is approaching an oversold condition, historically a level where trend reversals begin.

Volume has decreased throughout the decline, suggesting low selling pressure rather than heavy or aggressive selling. Significant support remains at $0.000000286, and resistance targets remain toward $0.000000771.

Also Read: Mr. Beast’s Crypto Banking Move Positions Pepeto Exchange as 2026’s Anti-Manipulation Standard

Analysts Spot a Major Discount Zone for PEPE

Another bullish signal surfaced from analyst Steph Is Crypto, who pointed out that the meme coin, at the moment, is trading within a large weekly support zone. His chart suggests that the token has returned to a substantial accumulation zone, which previously sparked large rallies. Analysis suggests a potential 388% upside from the coin if it bounces back from this level, leading a few market observers to suggest that the current price is a “cheap” entry based on this.

Another recent tweet by the user named PepeCBinance observes that the larger exchanges are using Pepe memes, representing a sign of excitement or goodwill of meme-coin culture, like $PEPE. Saying

“Exchanges are bullish on the top memecoin $PEPE”

They comparing two memes posted by major exchanges, Kraken’s meme and Crypto.com’s meme

PEPE Eyes Gradual Upside

CoinCodex is projecting a slight gain for November, with a maximum of $0.04848, a 2.82% increase for the month. This is on par with an overall controlled recovery, while improved momentum may push the coin towards upper breakout areas.

In conclusion, as November begins, PEPE has an improved sentiment, increased exchange activity, and is holding strong at key support levels. While CoinCodex is showing a small price upside, the improvement in momentum suggests that if buying pressure remains steady, the token could move higher.

The upper range still has a chance of being reached, but will likely require an increase in volume and stable market conditions before we can reach $0.0000540. The market may still be volatile, but if buying pressure increases, the coin has a chance of attempting to establish higher targets before year-end.

Also Read: PEPE Set to Plunge Toward $0.00000185 After Head-and-Shoulders Pattern