Analysts Eye Reversal Zone as PEPE Enters Accumulation Range
Pepe price has fallen 30% in October, wiping out roughly $1.3 billion in market value and pushing the meme token into a key accumulation zone. Despite the decline, analysts point to technical and on-chain indicators suggesting a possible trend reversal in the coming days.
Market Performance and Key Levels
The frog-themed cryptocurrency dropped from over $4.3 billion in market capitalization to around $3 billion at press time. Since its December 2024 peak of $0.00002825, its total losses now exceed 74%.
However, analysts note that the token is approaching an area historically associated with institutional accumulation. Prominent market analyst Crypto Cat observed that PEPE has re-entered a range between $0.0000088 and $0.0000056, calling it “a level where large players start showing interest.”
He added that markets often recover once weak holders capitulate:
“When everyone is calling for a new bear market, that’s when the strongest hands begin to accumulate.”
Technical Indicators Show a Possible PEPE Breakout
On the charts, PEPE is trading within a descending channel that has defined its price action for weeks. The token recently rebounded from the lower boundary near $0.0000059, showing early signs of stabilization.
A breakout above the upper trendline could confirm the end of the short-term downtrend, potentially triggering renewed buying momentum. However, analysts warn that failure to hold support or reclaim key resistance zones could lead to another retest of lower levels before recovery resumes.
Analyst Sentiment and Short-Term Outlook for PEPE
Macro observers suggest that PEPE’s price behavior mirrors a typical correction phase before an upward move. If the token can sustain a bounce above current levels, a 40% recovery could follow, potentially erasing October’s decline.
For now, the $0.000006–$0.000009 range remains critical. A sustained breakout above the upper channel could shift momentum toward a new short-term rally, while continued consolidation would signal that accumulation is still underway.
