Why did the price of PEPE go up?

Pepe (PEPE) increased by 0.84% in the last 24 hours, which is less than the overall crypto market’s gain of 2.85%. This small rise comes after a technical bounce from oversold conditions and mixed signals from large investors, known as whales. Here are the key points:

1. Technical Rebound – Indicators showed PEPE was oversold, encouraging short-term buying.
2. Whale Activity – Big holders bought more near important support levels, showing cautious optimism.
3. Market Sentiment Shift – The altcoin season index jumped 45% in a week, increasing interest in meme coins.

Deep Dive

1. Technical Rebound (Positive Signal)

Overview:
PEPE’s recent bounce matches signals that it was oversold:

• The RSI-14 (Relative Strength Index) is at 39.5, close to oversold levels.
• The MACD histogram turned positive (+0.0000000359), indicating a short-term momentum change.

What this means:
Traders saw these signals as a chance to buy, especially after PEPE stayed above the key $0.0000055 support level, as noted in a CryptoNewsLand analysis. This led to a short-term price rally, but trading volume is still half of what it was in November, which suggests the move lacks strong conviction.

What to watch:
If PEPE can stay above the 7-day EMA ($0.00000606), it might continue rising toward $0.00000650.

2. Whale Activity (Mixed Signals)

Overview:
Data shows large investors are buying PEPE near $0.0000055, but futures market interest remains low, down 28% from last month’s levels.

What this means:
While whales are supporting the price by buying, the low activity in futures (derivatives) markets suggests traders are not confident about a strong recovery. Big holders might be averaging their costs rather than betting on a price rebound.

What to watch:
Look for an increase in futures funding rates (currently neutral) as a sign of renewed speculative interest.

3. Market Sentiment Shift (Neutral)

Overview:
The crypto Fear & Greed Index is still in the “Fear” zone (29/100), but the Altcoin Season Index rose 45% in one week, showing more money moving into riskier altcoins.

What this means:
PEPE’s small gain partly reflects the increased activity in meme coins, similar to Shiba Inu’s (SHIB) 8.7% price swings during the day. However, PEPE has dropped 12.15% over the past 30 days, lagging behind coins like DOGE, which gained 5% last week.

Conclusion

PEPE’s slight rebound is mainly due to technical factors and some buying by large holders. However, weak trading volume and bearish chart patterns, like a completed head-and-shoulders formation, limit the potential for a strong upward move. Most traders see this as a short-lived bounce rather than a full trend reversal.

Key point to watch: Can PEPE stay above the $0.00000606 (7-day EMA) to break the bearish trend, or will it fall back to test the $0.0000055 support? Keep an eye on trading volume and Bitcoin’s market dominance for clues on where the market might head next.

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What could affect the price of PEPE?

PEPE’s price is caught between the risks of memecoin hype fading and the strength of its active community.

1. Technical Analysis – A bearish head-and-shoulders pattern suggests a possible 67% price drop (Ali Martinez).
2. Whale Activity – Mixed signals from large holders create short-term price swings.
3. Altcoin Market Mood – A weak altcoin season favors Bitcoin over riskier tokens.

In-Depth Look

1. Technical Challenges vs. Potential Recovery (Bearish to Neutral)

PEPE showed a bearish head-and-shoulders pattern on November 7, 2025, pointing to a price target of $0.00000185 — about 67% lower than its current $0.00000617. Trading volume has dropped by half since October, and open interest (a measure of active contracts) is at its lowest since April 2025, indicating less trader involvement. On the bright side, the Relative Strength Index (RSI), a tool that measures if an asset is oversold or overbought, is near oversold levels (39–43). Some experts believe that if PEPE holds support at $0.0000055, it could bounce back to around $0.0000090.

What this means: The bearish pattern could trigger a wave of sell orders, pushing the price down. However, because trading activity is low, even small buying pressure might cause a quick rebound. In fact, PEPE previously surged over 120% after similar oversold conditions in May 2025.

2. Large Holder (Whale) Activity Creates Volatility (Mixed Impact)

Big investors, known as whales, have shown mixed behavior recently. One whale sold 600 billion PEPE tokens at a $3.5 million loss on Binance, while others have been buying, accumulating over 4 trillion tokens since October (Coinlive). Additionally, the amount of PEPE held on exchanges dropped by 2.73% in the third quarter of 2025, suggesting some holders are keeping their tokens long-term.

What this means: Since whales control about 43% of PEPE’s supply, their actions can cause big price swings. The price range between $0.0000055 and $0.0000061 has seen a lot of buying interest, but if panic selling starts, the price could quickly fall below support.

3. Memecoin Market Trends (Bearish)

PEPE has underperformed in 2025, dropping 72% year-to-date compared to Bitcoin’s 18% gain. This reflects a cooling off in memecoin excitement. Newer projects like Pepeto are mixing memes with features like staking and utility, attracting investment away from pure memecoins. Bitcoin’s dominance in the market stands at 59% as of November 7, 2025, which limits funds flowing into altcoins like PEPE.

What this means: PEPE doesn’t have strong fundamentals compared to newer tokens with added features. Until Bitcoin’s dominance falls below 55%, memecoins may continue to struggle.

Conclusion

PEPE’s future depends on holding the $0.0000055 support level and how Bitcoin performs. If Bitcoin rallies above $105,000, it could boost interest in altcoins like PEPE. However, PEPE’s heavy reliance on social media hype (44,000 interactions on November 5–6) clashes with weak underlying token economics. The key question remains: Can PEPE’s plan to dominate the meme space overcome the broader challenges facing the sector?

What are people saying about PEPE?

The PEPE community swings between hopeful excitement and cautious skepticism. Here’s what’s trending right now:

1. Bullish patterns aim for a price of $0.00002379, supported by classic chart formations called cup-and-handle.
2. Big investors (whales) are buying in, but some technical signals suggest caution.
3. Debates about meme coins focus on PEPE’s pure meme identity versus Dogecoin’s growing use as a payment method.

Deep Dive

1. @aandooor: Positive outlook thanks to Ethereum

"PEPE MOG coin cryptocurrency on Ethereum No.1 Blockchain technology believe in somETHing."
– @aandooor (3.6K followers · 118K impressions · 2025-08-28 09:05 UTC)
View original post
What this means: This is a positive sign for PEPE because it runs on Ethereum, a leading blockchain platform that attracts many developers. However, no specific technical updates were mentioned.

2. @MOEW_Agent: Big investors driving price potential

"Whales are accumulating...Will $PEPE follow $DOGE and $SHIB?" Claims of a possible 3191% price increase.
– @MOEW_Agent (5.3K followers · 7585 posts · 2025-08-13 02:06 UTC)
View original post
What this means: The activity of large investors (“whales”) shows confidence, but the huge percentage gain mentioned is speculative and not backed by solid fundamentals.

3. @dct_247: Doubts about buying interest

"Pepe is going lower...who's buying?"
– @dct_247 (1.5K followers · 19.5K posts · 2025-10-11 23:04 UTC)
View original post
What this means: This is a bearish view. Despite a 25% increase in trading volume, the price has dropped over 40% in the last 60 days, raising questions about genuine demand.

4. @neso: Meme culture vs. practical use

"Pepe’s community...pure memecoin...vs Dogecoin’s payment narrative"
– @neso (44.6K followers · 19.2K posts · 2025-09-08 10:48 UTC)
View original post
What this means: Neutral stance. PEPE appeals strongly to meme enthusiasts, while Dogecoin is gaining traction for real-world payments.

5. CoinMarketCap Post: Dreaming big with lottery-style gains

"PEPE can turn $1K→$100K...moonshot scenario needing $420B market cap"
– Technical analysis post (Jun 2025)
View original post
What this means: This is an optimistic but unlikely scenario. PEPE’s current market value is $2.6 billion, far from the $420 billion needed to reach that price.

Conclusion

Opinions on PEPE are mixed. Some traders watch for a breakout above $0.00001476, while others point to falling trading volumes (down nearly 60% in 30 days) and signs of meme fatigue. Key levels to watch include support at $0.00001120 and whale wallet activity, with over 4 trillion PEPE coins accumulated since February 2025. Whether PEPE’s hype turns into a strong price rally depends on whether its meme popularity can overcome the broader slowdown in the crypto market.

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What is the latest news about PEPE?

PEPE is caught between a technical downturn and loyal community support – here’s the latest update:

1. Bearish Pattern Confirmed (November 9, 2025) – PEPE completed a multi-year head-and-shoulders pattern, leading to a 67% price drop since January.
2. Critical Support Level Tested (November 9, 2025) – The price is hovering around $0.0000055, a key support point, while trader interest hits a 7-month low.
3. Big Holders vs. Market Signals (November 9, 2025) – Large investors are buying more PEPE, even as analysts warn the price could fall to $0.00000185.

In-Depth Analysis

1. Bearish Pattern Confirmed (November 9, 2025)

What happened:
PEPE has completed a classic bearish head-and-shoulders pattern that started in late 2023. This pattern often signals a significant price drop, and PEPE’s price has fallen 67% from its peak in January 2025. Currently, it trades around $0.0000056, just above the important $0.0000055 support level. Daily trading volume has dropped by half to about $310 million, and futures open interest (a measure of active contracts) has fallen to levels last seen in April 2025, indicating many traders are exiting their positions.

What this means:
This pattern is generally a strong sign of continued weakness. The expected price move matches the size of the “head” in the pattern, which explains the 67% decline. However, the Relative Strength Index (RSI), a tool that measures if an asset is oversold or overbought, is at 30, which is very low and suggests the price might stabilize soon. Additionally, large investors (whales) are accumulating PEPE, which could support a short-term bounce. (Source: Cryptonewsland)

2. Critical Support Level Tested (November 9, 2025)

What happened:
The $0.0000055 price level is crucial for PEPE. If the price falls below this, it could trigger a faster decline toward $0.00000185, according to analyst Ali Martinez. On the other hand, if PEPE holds above this support, it might lead to a short squeeze—a rapid price increase caused by traders rushing to cover short positions. This is supported by a recent shift in funding rates to positive (+0.0056%), which is uncommon and suggests bullish momentum in the derivatives market.

What this means:
The market is divided. Technical indicators suggest more downside risk, but positive funding rates and whale buying point to potential upward pressure. Traders are watching for a volume increase above $0.0000065, which could invalidate the bearish outlook.

3. Community Support Remains Strong (November 9, 2025)

What happened:
Despite the price drop, PEPE’s social media activity has surged, with over 44,000 interactions on X (formerly Twitter) between November 5-6. This level of engagement is similar to what was seen in May 2025, right before PEPE’s price rebounded by 150%.

What this means:
Strong community interest is a positive sign for PEPE, especially since meme coins often rely on hype and social momentum. However, for a sustained price recovery, PEPE needs to break above $0.0000090. The gap between high social activity and low price highlights the speculative nature of this token.

Conclusion

PEPE’s future depends on whether community enthusiasm can overcome bearish technical signals. The $0.0000055 support level and whale buying offer some hope, but the confirmed head-and-shoulders pattern warns of further declines. The key question is whether buyers stepping in at lower prices can outpace algorithm-driven traders targeting $0.00000185. Keep an eye on trading volume and RSI trends for clues on what’s next.

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What is expected in the development of PEPE?

Pepe’s roadmap is mainly driven by its community, with only a few formal updates. The key upcoming steps include:

1. Meme Takeover (Phase 3) – Growing its cultural presence through partnerships and viral marketing.
2. Exchange Listings – Aiming to get listed on more major centralized exchanges (CEXs) to increase trading options.

Deep Dive

1. Meme Takeover (Phase 3)

Overview:
Phase 3 of Pepe’s roadmap, described in its original documentation, focuses on a “meme takeover.” This means using its internet meme roots to reach a wider audience. This could involve working with social media influencers, NFT projects, or meme-focused platforms to boost its visibility.

What this means:
This is a neutral factor for PEPE. Meme coins like Pepe often rely on hype to grow, but there’s a risk that the excitement won’t last. Success depends on keeping the buzz alive in a market where other popular meme coins like Dogecoin and Shiba Inu already have strong followings.

2. Exchange Listings

Overview:
Pepe is already listed on major exchanges like Binance, KuCoin, and Gate.io. The roadmap suggests plans to get listed on even more top-tier exchanges to make it easier for people to buy and sell.

What this means:
This is a positive sign for PEPE because new exchange listings usually lead to more trading activity and interest from everyday investors. However, Pepe has a very large supply of 420.69 trillion tokens, so demand needs to grow faster than the number of tokens available to keep the price stable or rising.

Conclusion

Pepe’s future depends on balancing its meme popularity with strategic growth on exchanges. While its roadmap doesn’t focus much on technical features like some other cryptocurrencies, its strong cultural appeal gives it potential for short-term interest. The big question is whether the community’s excitement can make up for the lack of real-world use cases.

What updates are there in the PEPE code base?

No recent updates have been made to the PEPE codebase.

1. ERC-20 Stability (2023) – PEPE continues to function as an Ethereum-based ERC-20 token without changes.
2. Proof-of-Stake Security – PEPE relies on Ethereum’s network security and has not introduced any new protocol upgrades.

In-Depth Look

1. ERC-20 Stability (2023)

Overview:
PEPE is built as a standard ERC-20 token on the Ethereum blockchain. Since its launch in 2023, there have been no changes to its core contract or token structure.

The token follows Ethereum’s ERC-20 rules, which means it works smoothly with popular wallets and decentralized exchanges. There have been no recent updates or changes to the code, indicating that the focus is on keeping things stable rather than adding new features.

What this means:
This stability is good for users who want reliability, but it also means PEPE isn’t evolving technically compared to other projects that regularly update their code. (Source)

2. Proof-of-Stake Security

Overview:
PEPE’s security depends entirely on Ethereum’s Proof-of-Stake system, which had its latest major upgrade called Dencun in March 2024.

Ethereum’s network validators work continuously to improve security and performance, but PEPE itself hasn’t made any specific security improvements or audits in 2025.

What this means:
This is positive for PEPE because Ethereum’s strong security helps protect the token from risks. However, it also shows that PEPE depends fully on Ethereum’s infrastructure rather than having its own security measures. (Source)

Conclusion

PEPE’s code hasn’t seen meaningful updates in 2025, reflecting its role as a simple meme token built on Ethereum’s platform. The question remains: how will PEPE’s lack of technical growth affect its ability to compete with newer meme tokens that offer more advanced features?