PEPE Price Rallies 10% as Traders Watch $0.00000520 Resistance

• Crypto Patel identifies a multi-year trendline breakout, with potential targets from $0.00000720 to $0.00005900 and invalidation at $0.00000223.
• PEPE’s RSI rises to 66.79 and MACD remains positive, but resistance at 0.00000510–0.00000520 could limit further gains.
• Santiment links the rally to whale speculation and increased derivatives activity, identifying $0.0000050 as a key level to sustain.

PEPE climbed 10% as trading activity increased, with its Binance four-hour chart showing a recovery to $0.00000505 on October 29, 2026. Analyst Crypto Patel identified a multi-year trendline breakout, while Santiment Intelligence reported rising derivatives activity and whale speculation. However, PEPE now faces resistance between $0.00000510 and $0.00000520.

PEPE Rebounds as Analyst Sets Higher Targets

Crypto Patel said PEPE broke above its weekly trendline and completed a higher-timeframe retest. The analyst identified an accumulation zone between $0.0000037 and $0.0000028. Patel listed potential targets at $0.00000720, $0.00001402, $0.00002677 and $0.00005900, with $0.00000223 marking invalidation.

Additionally, Patel cited an Arkham-linked wallet attribution report associating approximately $51.25 million in PEPE with Justin Sun. The analyst said further price gains would determine whether the breakout continues.

On Binance, PEPE previously fell from approximately $0.00000450 in late September to $0.00000375 around October 8. It later climbed above $0.00000420 around October 20 before retreating from $0.00000510 on October 22.

RSI and MACD Show Stronger Buying Momentum

PEPE subsequently consolidated between $0.00000430 and $0.00000460 before rallying above $0.00000480 on October 28. Trading volume reached 2.76 trillion PEPE during the latest advance.

Source: TradingView

The Relative Strength Index stood at 66.79, above its moving average of 59.92. Meanwhile, the MACD line reached 0.00000016, above the signal line at 0.00000010, with a positive histogram of 0.00000006.

However, the RSI is approaching the traditional overbought threshold of 70. Resistance remains between $0.00000510 and $0.00000520, with $0.00000540 as the next potential target. A rejection could send PEPE toward $0.00000480, followed by support at $0.00000460.

Meme Tokens Post Mixed Weekly Performance

Santiment reported that MemeCore (M) gained 45% over seven days and 6% on the day. Meanwhile, ENA and sENA fell 8%, RAIN dropped 26%, and RYO declined 36% over seven days.

https://twitter.com/SantimentData/status/2115488871207297118?a=_9CzKLa3eRFCVwkyKZ8&s=20

Santiment attributed PEPE's advance to whale speculation and increased derivatives activity. The firm identified $0.0000050 as the level PEPE needs to sustain to maintain its breakout momentum.