The meme coin market never ceases to surprise, and Pepe (PEPE) continues to be a fascinating asset to watch. In this analysis, we’ll dive into the technical indicators that suggest whether PEPE is gearing up for a breakout or if it’s more likely to consolidate. For those trading or holding the token, understanding the market structure and momentum shifts is key.
Pepe’s Recent Price Performance
Looking at the 4-hour chart, PEPE has been consolidating since its sharp rise at the end of August, when it saw a price surge from 0.00000070 to over 0.00000110. Following this rally, the token experienced a natural pullback, bottoming out around 0.00000085 in late September. Since then, PEPE has been attempting to regain its momentum, currently trading near 0.00000095 as of October 4.

In the 1-hour chart, we can see more clearly the series of higher lows and higher highs forming, suggesting that the token is recovering from its previous dip. However, the market remains cautious, with resistance levels preventing any significant price breakouts.
Technical Indicators
Moving Averages (MAs)
On the 4-hour chart, the 7-period SMA sits at 0.00000092, close to the current price. The 25-period SMA stands slightly higher at 0.00000095, showing resistance just above the current market price. Meanwhile, the 99-period SMA at 0.00000092 has previously acted as a key level of support, but with the price fluctuating near these levels, it remains to be seen whether PEPE can sustain upward pressure.
On the 1-hour chart, the 7-period SMA is positioned at 0.00000094, just slightly below the 25-period SMA of 0.00000095. These moving averages suggest that the market is in a consolidation phase, with traders cautious of the next move.

MACD (Moving Average Convergence Divergence)
The MACD indicator shows some interesting signals on both timeframes. On the 4-hour chart, the MACD is slowly curving back toward the signal line, hinting at a possible bullish crossover. Although the histogram is still negative, the growing bars indicate that selling pressure is diminishing, which could lead to a potential price rise.
On the 1-hour chart, the MACD line has already crossed above the signal line, with green bars on the histogram further suggesting bullish momentum. If this momentum continues, we could see PEPE retest recent highs around 0.00000100.
Volume Analysis
Volume on the 4-hour chart has decreased significantly compared to late September, showing that traders are hesitant to make big moves. This often happens before a significant breakout or breakdown as both bulls and bears wait for confirmation. In contrast, on the 1-hour chart, there are some volume spikes during small rallies, but nothing sustained enough to trigger a major upward movement.
Key Support and Resistance Levels
- Support: 0.00000092 (7-period SMA), 0.00000090 (psychological level)
- Resistance: 0.00000095 (25-period SMA), 0.00000100 (round number resistance)
For PEPE to continue its uptrend, the coin needs to break past 0.00000095 convincingly. A push above 0.00000100 would open the doors for a stronger rally. On the downside, 0.00000090 is a critical level; if broken, it could lead to a drop toward 0.00000085, which was the September low.
Market Outlook: Potential Scenarios
Bullish Scenario
If PEPE can maintain the current upward momentum and break past the 0.00000095 resistance, we could see a push toward 0.00000100. A strong breakout above this level would likely attract more buyers, driving the price higher, possibly reaching 0.00000110 again.
Short-term traders might want to enter at 0.00000092 with a target of 0.00000100, setting a stop-loss just below 0.00000090. For long-term holders, buying at current levels could also be an opportunity, especially if the coin shows signs of continued strength and volume support.
Bearish Scenario
If PEPE fails to break through the 0.00000095 resistance, the price could fall back toward 0.00000090. A breakdown below this level could lead to a retest of the 0.00000085 support, which would be a critical point for bulls to defend. In this case, short-term traders might look for shorting opportunities if the price drops below 0.00000090, targeting 0.00000085.
Consolidation Scenario
Given the relatively low trading volume and the flat movement of the moving averages, there’s a possibility that PEPE will continue trading sideways for some time between 0.00000090 and 0.00000095. This period of consolidation could allow for scalping opportunities within this narrow range.
Trading Recommendations
For Short-term Traders
- Bullish Entry: Look for a breakout above 0.00000095 and consider setting a target at 0.00000100.
- Bearish Entry: A breakdown below 0.00000090 could be an opportunity to short, targeting 0.00000085.
For Long-term Investors
- If you’re looking to accumulate PEPE for the long term, consider buying near the current price or waiting for a dip toward 0.00000090. The coin has shown resilience in this range and could see another bullish rally if the overall market sentiment improves.
Conclusion
PEPE’s price action is at a critical juncture, with consolidation forming a base for its next move. Whether the coin breaks out toward 0.00000100 or retreats to 0.00000085, both short-term traders and long-term investors can find opportunities to capitalize on. As always, manage your risks carefully, and stay updated on market developments.
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