PEPE Holds Steady Above Key $0.053985 Support Amid Tight Trading Range
Pepe (PEPE), the Ethereum-based meme coin inspired by the iconic internet frog, is demonstrating remarkable resilience in the face of broader market volatility. As of November 23, 2025, PEPE trades at approximately $0.00001024, holding firm just above its critical support level of $0.0000103985—a multi-month floor that has capped downside since mid-October. This stability comes amid a tight trading range of $0.00001020-$0.00001050 over the past 48 hours, with the token up 1.2% daily despite a 0.8% dip in the total crypto market cap to $3.57 trillion.
Bitcoin’s consolidation above $103,000 has provided a stabilizing backdrop, but PEPE’s outperformance (up 4.8% weekly vs. the sector’s -2.43%) signals selective rotation into established memes, buoyed by on-chain burns and community-driven hype. With RSI at 45 (neutral territory) and a Fear & Greed Index of 29 (fear, ripe for reversal), this hold above $0.0000103985 isn’t just defense—it’s the foundation for a potential breakout to $0.000012 (17% upside) if volume spikes above 20 billion tokens traded.
PEPE’s current poise reflects a maturing meme ecosystem: Cumulative burns have torched 6.9 trillion tokens (1.6% of supply) since launch, reducing circulating supply to 420.69 trillion and creating mild deflationary pressure. Trading volume at $1.2 billion (up 15% daily) confirms conviction, with no major whale dumps (1K+ wallets stable) amid broader alt fatigue.
Yet, the tight range—Bollinger Bands contracting—hints at an impending volatility expansion, where a close above $0.00001070 (neckline) could target $0.000012 (Fib 0.618 extension), while failure below $0.0000103985 risks $0.000009 (13% down). In a market where stablecoin volumes hit $19.4 billion YTD and institutions absorb 300K BTC, PEPE’s steady hold above support underscores meme resilience—buy the range, eye the breakout.
Technical Snapshot: Support Hold Sets Up Reversal Play
PEPE’s chart forms a symmetrical triangle since October’s $0.000011 high, with $0.0000103985 as the lower boundary (200-day EMA alignment). Volume up 15% to $1.2 billion signals accumulation, but contracting Bollinger Bands (7.12% 30-day volatility) foreshadow expansion.
| Level | Type | Status | Next Move if Broken |
|---|---|---|---|
| $0.00001070 | Neckline Resistance | Testing | $0.000012 (17% up) |
| $0.0000103985 | Key Support | Holding | $0.000009 (13% down) |
| $0.000012 | Upside Target | N/A | $0.000014 (36% up) |
| RSI (14-day) | 45 | Neutral | >55 = Bullish momentum |
Data from TradingView (November 23, 2025).
Catalysts: Burns and Sentiment Fuel the Steady Hold
- Deflationary Pressure: 6.9 trillion PEPE burned since launch (1.6% supply); daily burns up 25% WoW amid Shibarium’s 7,620 txs (+70%).
- Community Strength: 1.54 million holders; no whale dumps; 47% green days over 30.
- Macro Tailwinds: $400B tariff dividend (85% eligible) as liquidity boost; Fed cut odds 55%.
Risks: Supply overhang (420.69T tokens) and meme fatigue (PEPE -20% weekly vs. DOGE +2.2%).
Outlook: $0.000012 Breakout (55% Odds) or $0.000009 Test?
PEPE holds $0.0000103985 with 55% odds for $0.000012 by December (17% up)—burns and sentiment flip the range. Sub-$0.000010 (45% odds) eyes $0.000009 (13% down). Year-End 2025: $0.000011-$0.000015 (+7-46%). In $3.57T market, PEPE’s steady range = setup for surge. HODL support; the frog leaps. DYOR.