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- PEPE is consolidating in a descending triangle at $0.056684.
- Support at $0.056445 and resistance at $0.056693 are crucial.
- Low volatility may precede a significant breakout.
Pepe (PEPE) remains in a consolidation phase, forming a descending triangle as traders watch closely for a breakout. Currently priced at $0.056684, PEPE has seen a modest 0.7% gain over the past 24 hours. Market activity remains cautious, with participants observing whether the token will dip toward lower levels before any decisive upward movement. The narrowing range of the triangle signals declining volatility, often a precursor to stronger moves once the pattern resolves.
Technical Setup and Key Levels
Over the past day, PEPE has traded between $0.056445 and $0.056693, showing stable intraday behavior. The support at $0.056445 is critical for maintaining the descending triangle structure, while resistance at $0.056693 caps short-term price advances. Complicating matters, a Death Cross has formed as the 50-day moving average dips below the 200-day moving average, reflecting weakening momentum. Daily chart volume is low, which historically precedes periods of heightened volatility after accumulation or distribution phases. Analysts suggest the token may revisit the $0.000005 zone—seen in previous corrections—before attempting an upward breakout.
$PEPE got its Death Cross on 1D chart fam on October 1st , currently trading in descending triangle pattern, we may revisit 0.000005 levels before moving higher, will be watching
— PEPE ON FIRE 🔥 (@PepeCZBinance) November 1, 2025
– Shared via CoinEx Creator Program. @CoinExCreators #CEX #crypto #CoinEx #CoinExCreator pic.twitter.com/ihesuhPszm
Relative Strength and Volume Insights
Despite muted price swings, PEPE shows relative strength with gains of 0.8% against Bitcoin and 0.5% versus Ethereum. This indicates resilience compared to larger cryptocurrencies, even as the descending triangle limits immediate breakout potential. Selling pressure appears to be easing, though consistent buying at lower levels has not yet pushed the token to new highs.
Also Read: PEPE: Analyst Predicts Pepe Coin Could Soar 40X to $0.00039 Despite Whale Sell-Off
Looking Ahead: What Traders Should Watch
For traders, the $0.056445 support line is a key level to monitor, as its breach could trigger further declines. Conversely, a breakout above $0.056693 may signal improved short-term sentiment. Upcoming sessions will likely reveal whether the descending triangle holds or yields to increased volume, potentially setting the stage for PEPE’s next significant move.
PEPE’s consolidation within a descending triangle reflects cautious market sentiment. With low volatility and key levels in play, traders must stay alert for a breakout, whether to the upside or downside, to capture potential opportunities.
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.
