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- PEPE trades in a narrow $0.0569–$0.0573 range.
- RSI and MACD show neutral, cautious momentum.
- Balanced liquidity supports short-term price stability.
Pepe (PEPE) saw a slight decline of 2.2% over the past 24 hours, trading around $0.057019. Despite this marginal drop, the meme coin experienced moderate volatility, remaining confined within a narrow price range of $0.056889 as support and $0.057302 as resistance. The asset’s price direction showed little conviction, reflecting a consolidation phase as it heads into November. While broader meme coin sentiment turned more optimistic, PEPE has yet to signal a breakout, instead tracking market sentiment trends closely.
Short-Term Indicators Signal Neutral Momentum
Technical analysis indicates a balanced market for PEPE. The Relative Strength Index (RSI) sits at 51.22, signaling neither overbought nor oversold conditions. Historically, the RSI has ranged between 39 and 75, suggesting a stable but cautious trading environment. The Moving Average Convergence Divergence (MACD) also points to low momentum, with a slight bullish divergence insufficient to drive strong directional moves. Traders appear conservative, awaiting clear signals before committing to larger positions.
Market Cap Stability Supports Consolidation
Pepe’s market capitalization remains around $2.97 billion, reflecting an even split between buy and sell orders. This balanced liquidity helps maintain price stability, even amid recent minor drops. Such equilibrium suggests regular investor participation and limits extreme volatility. Furthermore, the correlations with Bitcoin (0.0106215 BTC) and Ethereum (0.081757 ETH) remain relatively stable, reinforcing the coin’s moderate volatility status in the broader crypto market.
Also Read: Pepe (PEPE) Rebounds as Bullish Momentum Builds
Technical Structure Suggests Tight Range Continuation
Currently, PEPE is trading within a tight band of $0.056889 to $0.057302. The consolidation appears underpinned by stable liquidity and an even distribution of market activity. As November begins, traders are closely watching whether current demand levels can sustain this balance or trigger a breakout. For now, PEPE remains in a steady, range-bound phase with moderate volatility.
Pepe (PEPE) is navigating a period of consolidation with neutral momentum and balanced market conditions. While sentiment in meme coins is improving, PEPE’s tight trading range indicates cautious investor behavior. Stability in market capitalization and liquidity positions the coin to maintain its range as traders anticipate future directional moves.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
I’m a crypto enthusiast with a background in finance. I’m fascinated by the potential of crypto to disrupt traditional financial systems. I’m always on the lookout for new and innovative projects in the space. I believe that crypto has the potential to create a more equitable and inclusive financial system.
