Pepe Coin Price Bounce Likely as Support Zone Aligns With Rising Social Activity

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Chart shows Pepe Coin price holding support while social activity trends higher.

Highlights

  • PEPE Coin price retests demand zone after previous 105% rally.
  • Descending resistance trendline caps moves, $0.00001500 target in play.
  • Social dominance surge and $24.23M outflows strengthen bullish setup.

The PEPE Coin price has returned to a crucial demand zone after a sharp decline, with charts outlining a decisive structure. Meanwhile, social sentiment has shown signs of growth, keeping attention fixed on the next possible breakout. These conditions frame the PEPE price outlook heading into October.

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PEPE Coin Price Action From Key Demand Zone

The chart highlights a clear descending resistance trendline while support continues to hold within the $0.00000884 to $0.00000984 range. Notably, the last retest of this zone in May triggered a 105% rally that pushed the price above $0.00001800. 

The current PEPE Coin market price trades at $0.00000935, showing another touch of the same support level. Specifically, the setup now suggests that a breakout above the descending resistance could open the path toward the $0.00001500 level. This target reflects a projected gain of around 69% from current levels. 

Meanwhile, failure to hold above the support would shift focus back to $0.00000884 as a key lower boundary. However, repeated demand zone retests strengthen the potential for another rebound. The chart pattern clearly defines the next upside zone at $0.00001500, giving direction to a long-term PEPE Coin price prediction.

PEPE Coin price action
PEPE/USDT 1-Day Chart (Source: TradingView)
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Social Dominance Rises as Outflows Support the Base

Social dominance jumped from 0.4489% to 0.685% in the last 24 hours, marking a noticeable pickup in crowd activity. This reflects stronger discussion volume at a point where price is testing crucial structure. 

Meanwhile, weekly netflows show consistent outflows, with a recent figure of $24.23M, signaling fewer tokens entering exchanges for sale, according to CoinGlass. Reduced inflows often reflect lower immediate sell pressure, reinforcing price stability around support. 

Together, the higher social dominance and exchange outflows align with the demand zone retest. 

Specifically, these metrics suggest that both sentiment and liquidity back the chance of a rebound. If conditions hold, the projected $0.00001500 level remains achievable in the short term. Altogether, the PEPE price outlook combines chart structure with sentiment cues favoring recovery.

Source: Santiment

To sum up the PEPE Coin price sits at a decisive area where historical rallies have begun. Key support remains at $0.00000884 while resistance lies near $0.00001500. With sentiment and outflows in sync, the probability of another surge remains high. If buyers hold the base, the path to the projected upside stays intact.

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Frequently Asked Questions (FAQs)

1. What chart pattern is visible on the PEPE Coin price chart?

The chart shows a descending resistance trendline with repeated support retests, forming a demand zone structure.

2. Why is social dominance relevant to PEPE Coin?

Rising social dominance highlights increased community attention, which historically aligns with stronger price reactions at key zones.

3. How do exchange outflows affect PEPE Coin price action?

Sustained outflows suggest fewer tokens are heading to exchanges for sale, which often reduces immediate sell pressure.
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Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
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Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

About Author
About Author
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.