Assessing the October Damage
PEPE experienced a significant downturn in October 2025, with its price falling by 38% over the month and trading as low as $7 per million tokens. This sharp decline places the memecoin approximately 74% below its all-time high of $0.00002803, recorded in December 2024. The sell-off was exacerbated by a drop in daily active addresses on the network to below 3,000, indicating a notable decline in user engagement and contributing to the bearish pressure.
From a technical perspective, PEPE’s price action has been forming a pattern of lower highs, testing a crucial support level. Key technical indicators present a mixed but cautiously evolving picture. The 14-day Relative Strength Index (RSI) is hovering around 42.58, suggesting the asset is neither overbought nor oversold and may have room to maneuver. Meanwhile, the overall technical summary for PEPE is currently neutral, with moving averages indicating a “Strong Sell” but oscillators showing a “Buy” signal, hinting at a potential inflection point.
Glimmers of Hope and Key Resistance Levels
Despite the challenging month, several on-chain and technical factors suggest the possibility of a relief rally. Data reveals a significant movement of tokens away from exchanges, with one notable whale purchasing 600.88 billion PEPE tokens in a single transaction. This accumulation by large holders can reduce the immediate sell pressure on exchanges, potentially creating a more stable foundation for a price increase.
The immediate technical hurdles for PEPE are well-defined. The coin faces resistance near $0.00001027, closely aligned with the 50-day Simple Moving Average (SMA). A decisive and sustained breakout above the $0.000011 level is critical, as this could signal a shift in momentum and open the path toward higher targets around $0.0000126. On the downside, vital support lies at $0.00000635; a breach of this level could trigger a steeper decline.
Navigating the Path Ahead for PEPE
For traders and investors, the current environment demands a clear-eyed strategy focused on key signals. The primary indicator to watch is a confirmed daily close above the $0.000011 resistance. Such a breakout, especially if supported by rising trading volume, would be a strong technical buy signal and could validate the bullish accumulation patterns seen on-chain.
It is crucial to remember that PEPE is a memecoin, an asset class whose value is heavily influenced by social sentiment and community hype rather than fundamental utility. Its price is notoriously volatile and can be swayed by broader market trends. While ambitious long-term price predictions exist, they should be viewed with extreme caution. The notion of PEPE reaching $1 is considered highly improbable, as it would require an astronomical market capitalization.
In summary, while PEPE’s severe October drawdown has shaken out weak hands, the combination of strategic whale accumulation and a clearly defined technical setup offers a credible, though speculative, case for a short-term relief rally. The key for market participants is to wait for concrete confirmation from the price action itself.
