Pepe (PEPE) is yet another meme coin gaining attention in the cryptocurrency space. Despite being highly speculative, PEPE has attracted a dedicated community of traders, and its recent price action has many wondering what’s next. Will it stage a comeback or will the bearish trend continue? Let’s dive into the charts and explore the technical indicators to help you decide on your next move.
Short-Term Price Action: 1-hour Chart Breakdown
On the 1-hour PEPE chart, the token is currently trading around 0.000000899, showing signs of a potential recovery after bouncing off its recent low near 0.000000850. The 7-period Simple Moving Average (SMA) at 0.000000879 is acting as immediate support, while the 25-period SMA is just a hair higher at 0.000000877, indicating that PEPE is consolidating in a tight range.

The 99-period SMA at 0.000000992 is acting as the next significant resistance level. This level is key to breaking if PEPE hopes to reignite bullish momentum. For now, it’s hovering just below that point, signaling that a breakout could be near, but caution is still warranted.
MACD Signals: Momentum Shifting?
The MACD (Moving Average Convergence Divergence) on the 1-hour chart is giving early signs of bullish momentum. The MACD line is crossing slightly above the signal line, which could indicate a potential price increase in the short term. However, the histogram bars are still relatively small, showing that this trend isn’t fully established yet. Traders should keep an eye on whether this crossover gains strength or fizzles out.

In terms of volume, we can see some increasing buying pressure, but it’s not yet at the levels needed to confirm a major breakout. This tells us that the market is cautiously optimistic, but we’re still waiting for a decisive move.
Medium-Term Outlook: 4-hour Chart Analysis
Looking at the 4-hour chart, PEPE shows a clearer picture of the recent downturn. After reaching a high near 0.000001100 in late September, PEPE has been steadily declining, with support now sitting around 0.000000850. The 99-SMA on the 4-hour chart is at 0.000000915, which will act as a critical resistance level if PEPE aims to reverse its current downtrend.
On the MACD, the medium-term signals remain bearish. The MACD line is still below the signal line, and the histogram bars are printing red, indicating that downward momentum is still present. However, there’s a slight uptick in the MACD curve, suggesting that the selling pressure might be weakening. PEPE may be preparing for a move higher, but the bears still have the upper hand for now.
Key Levels to Watch: Support and Resistance
- Support: 0.000000850 – This level has held firm as support in the past few sessions. A breakdown below this could lead to a sharp decline toward 0.000000800 or lower, so traders should watch this level closely.
- Resistance: 0.000000992 – The 99-period SMA on the 1-hour chart acts as the key resistance level to break for any meaningful recovery. If PEPE can clear this level, the next target would be 0.000001000.
Until PEPE can decisively break above 0.000000992, it’s likely to remain range-bound between 0.000000850 and 0.000000992.
Market Sentiment and Recent Developments
PEPE, much like other meme tokens, moves heavily based on community interest and market sentiment. The broader crypto market has been relatively flat, with Bitcoin and Ethereum trading sideways, which has limited PEPE’s upside potential. Meme tokens, in general, rely on speculative hype, and the current lack of significant market-moving news for PEPE means that the price action is likely to remain range-bound until we see either a technical breakout or a surge in community-driven activity.
That said, meme tokens like PEPE are known for their sudden spikes, often driven by viral trends, so traders should be ready for rapid movements if sentiment suddenly shifts.
Trading and Investment Recommendations: What’s the Best Strategy?
For Short-Term Traders:
Short-term traders should focus on the 0.000000992 resistance level. If PEPE breaks through this level, it could see a quick rally toward 0.000001000 or higher. This would provide a decent opportunity for a fast scalp trade. However, be cautious and place tight stop losses, as meme tokens can be extremely volatile, and any failure to break resistance could lead to a quick reversal.
The MACD on the 1-hour chart is providing a signal of potential bullish momentum, but it’s still weak. Traders should wait for a confirmed break above the 99-SMA to reduce the risk of a false breakout.
For Long-Term Investors:
Long-term investors who are confident in the future of meme tokens and believe that PEPE can maintain its popularity should consider accumulating at current levels. The price has already retraced significantly from its highs, and if you believe in the project’s long-term potential, now might be a good time to buy on the dip.
Dollar-cost averaging (DCA) into a position could help smooth out the volatility. However, be prepared for significant price swings, as meme coins are notorious for their speculative nature. Only invest what you are willing to lose, as PEPE remains a high-risk, high-reward asset.
Conclusion: Is PEPE Poised for a Rebound or More Downside?
PEPE is at a crossroads, with key support at 0.000000850 and resistance at 0.000000992. While the MACD on the 1-hour chart is hinting at a potential short-term rally, the 4-hour chart still shows bearish signals. Traders should watch for a clear break above 0.000000992 to signal a bullish reversal, while a break below 0.000000850 could lead to further downside.
For short-term traders, the current setup provides both opportunity and risk, with tight stop losses being essential. For long-term investors, this could be a good time to accumulate if you believe in PEPE’s long-term viability, but be prepared for volatility.
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