- Whale activity drove heavy selling pressure, pushing PEPE toward its long-term support base near $0.0000065.
- Analyst Davie Satoshi sees a “green or pink path,” marking this point as critical for PEPE’s next direction.
- Despite short-term weakness, trading data shows persistent community engagement and speculative interest in PEPE.
Pepe (PEPE) is at a defining point in which the traders consider recovery and further fall after the increased volatility in the entire memecoin market. Analysts identify revived interest in the whales and the change of mood as immediate influences on the short-term direction of the token.
Market Structure Under Pressure
Pepe (PEPE) finds itself at a crucial market turning point after consecutive sessions of sharp volatility and reduced momentum. The memecoin’s value dropped 2.59% in the last 24 hours, accompanied by a steep decline in trading volume of more than 56%. This contraction in activity indicates reduced speculative flow following a heavy selloff that pushed market capitalization to approximately $2.85 billion.
CoinMarketCap shows that PEPE started the day at an almost equal point of about $0.00000705 and dropped to as low as about $0.0000064 at some point in the day. The changing pattern of consistent consolidation to sharp correction indicates a fresh pressure to take profits, potentially occasioned by increased repositioning by the bigger holders following extended rally. The chart pattern resembles a short-term breakdown phase, where liquidity drains before demand reappears near key technical zones.
Even with this decrease, the Volume-to-Market Cap ratio at 29.37% is still high given that PEPE is still a highly trading company in terms of its size. The ratio indicates continued activity of the retail and institutional traders in the memecoin industry. For market observers, this level of participation is an important indicator that sentiment has not fully eroded even as prices fluctuate.
Davie Satoshi’s “Inflection Point” and Recovery Paths
Crypto analyst Davie Satoshi (@NFTdavie) described the current level as a defining “inflection point” for PEPE, marking it as a region where momentum could either reverse sharply or weaken further. He referenced a $1.2 billion market cap zone, which aligns with previous accumulation ranges earlier in the year. This area now acts as a technical and psychological support base for market participants.
Satoshi outlined two clear trajectories — a green path and a pink path — to visualize the opposing market possibilities. The green scenario depicts a V-shaped rebound, driven by renewed buying momentum and fast recovery in sentiment. Under this path, a potential doubling in value could occur if the market confirms that the recent selloff was merely a short-term flush.
The pink scenario presents a more cautious outlook. Here, the price could extend lower if selling continues, testing traders’ patience and forcing a deeper correction through November. This pathway reflects a “slope of hope” phase, where each attempted bounce fails to sustain traction. In such a case, Satoshi suggested that remaining in stablecoins would be a safer option until clear structure re-emerges.
Broader Market Correlation and Technical Context
Beyond the immediate price behavior, PEPE’s current stage carries broader relevance for the entire memecoin segment. Satoshi emphasized that PEPE sets the tone for similar low-cap tokens. When the leading meme asset stabilizes, liquidity and sentiment tend to flow back into smaller counterparts. Conversely, continued weakness in PEPE can suppress speculative appetite across the space.
On-chain and trading data align with that observation. Analyst AKINCRYPTO attributed PEPE’s prior 21% decline to aggressive whale activity, suggesting large holders’ repositioning caused temporary dislocation in price. The pattern reflects a typical memecoin cycle where distribution leads to short-term panic, followed by stabilization once selling pressure exhausts.
Technically, PEPE is floating a little above the short-term support of the $0.0000065 consideration of rebound. Should the buyers be able to maintain that, they may initiate a recovery towards the resistance of $0.0000072.. Failing that, deeper retracement remains possible. While momentum has cooled, market data still shows robust community presence, making PEPE a focal point for traders gauging risk sentiment heading into Q4.
