Overview
- PEPE trades near the $0.000004 area after a multi‑month slide, roughly 75% below this year’s peak and about 85% under its all‑time high.
- Chartists highlight a falling‑wedge and descending‑trendline retest that could enable a relief rally only if support holds with stronger spot volume.
- Nansen shows exchange-held PEPE rising to about 258.7 trillion tokens from 250 trillion this month, suggesting net selling even as some whales add exposure.
- Derivatives deleveraging persists, with futures open interest shrinking from more than $1 billion in July to roughly $200 million by late November.
- Outlooks split between risk and reward: one analysis flags about an 18% drop if support breaks, while conditional upside paths require clearing resistance near $0.00000958 and $0.00001340, and some traders rotate into projects such as Remittix, Maxi Doge, Bitcoin Hyper and PEPENODE.