Can PEPE Survive the Support Level While Targeting $0.00001924?

Jakarta, Pintu News – PEPE is currently testing a key support area, with one analyst projecting potential upside towards a ten-month high as bullish momentum continues to strengthen.

In the last seven days, Pepe (PEPE) has recorded an impressive gain of 4.1% and is now trading around $0.00000587. The price chart shows quite sharp fluctuations over the period, with significant price spikes followed by short corrections before recovering.

Nonetheless, the last 24 hours’ trading volume reached $303.89 million – an increase of 12.7% compared to the previous – indicating high market activity and liquidity.

With volatility still dominant, PEPE is attracting speculative traders in the meme coin sector. The question now is, will this momentum continue to benefit the bullish side or will it be exploited by the bears?

PEPE Price Analysis

Based on the daily technical chart, the price movement of PEPE shows a short-term consolidation phase after the latest decline. Based on the Fibonacci retracement levels, the 0.236 area at $0.0000057476 acts as an immediate support which is currently being tested by the price.

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This level has significance as it is a key resistance point, with the price attempting to hold above this area. On the upside, the nearest resistance is at the 0.382 Fibonacci level at $0.0000060724 and the 0.5 level at $0.0000063350.

In terms of momentum, the Moving Average Convergence Divergence (MACD) indicator shows a positive value, with the MACD line (blue) above the signal line (orange), signaling a weakening of bearish pressure. In addition, the MACD histogram, which is dominated by the green zone, indicates ongoing buying pressure.

If the price is able to hold above the 0.236 level and MACD continues to strengthen the bullish signal, the next upside target could potentially lead to the 0.618 Fibonacci level at $0.0000065975, with further resistance around $0.0000069713.

Analyst View

An analyst on a social media platform named Ray shared his views on Pepe’s price movement. Ray expressed a very bullish outlook on PEPE at current price levels, calling it an “absolute opportunity” to buy.

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Ray’s optimism is based on his belief that the price is currently holding in a major support zone, as seen in the chart he shared. He expects a potential reversal and upward movement in the near future.

The dotted line on the chart shows Ray’s target for a potential price rally, with an upside goal towards around $0.00001924 in the foreseeable future.

To reach that target, PEPE would need to increase by approximately 227.77% from its current price of $0.00000587. Ray also confirmed that he has taken a long position on the meme coin, reflecting his belief in the potential for further gains.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Trading crypto carries high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• The Crypto Basic. Can Pepe Hold This Support As $0.00001924 Target Awaits. Accessed on November 14, 2025