{"id":37787,"date":"2025-11-06T19:47:59","date_gmt":"2025-11-06T19:47:59","guid":{"rendered":"https:\/\/financialrush.com\/?p=37787"},"modified":"2025-11-06T19:47:59","modified_gmt":"2025-11-06T19:47:59","slug":"66-drop-head-and-shoulders-pattern-hints-at-another-painful-correction-for-pepe","status":"publish","type":"post","link":"https:\/\/financialrush.com\/?p=37787","title":{"rendered":"66% Drop? Head-and Shoulders Pattern Hints at Another Painful Correction for PEPE"},"content":{"rendered":"

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Pepe (PEPE) has broken below a key neckline support, completing a textbook head-and-shoulders pattern. The move suggests further downside risk.<\/p>\n

Meanwhile, the price is around $0.00000558 at press time, with a weekly drop of over 17%.<\/p>\n

Pattern Structure and Target Projections<\/h2>\n

The chart posted by Ali Martinez shows a well-defined head and shoulders formation. The neckline support broke at approximately $0.0000065, triggering a bearish move. This structure is typically known for reversing uptrends when confirmed by a neckline break.<\/p>\n

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$PEPE<\/a> is breaking out of a head and shoulders pattern, targeting $0.00000185. https:\/\/t.co\/3unebL2w7X<\/a> pic.twitter.com\/cG8378JKFY<\/a><\/p>\n

\u2014 Ali (@ali_charts) November 6, 2025<\/a><\/p>\n<\/blockquote>\n

The projected target from this breakdown points toward $0.00000185. This is based on the measured move from the top of the head to the neckline and confirmed with Fibonacci levels. The chart shows possible support at $0.00000490 and $0.00000333 before reaching lower targets.<\/p>\n

Price and Volume Trends<\/h2>\n

PEPE’s price continues to trade below its 9-day EMA. This keeps momentum tilted to the downside. The recent decline in volume adds to this view. Daily trading volume is now near $310 million, a drop of more than 50% compared to the previous day.<\/p>\n

<\/a>
Source: TradingView<\/figcaption><\/figure>\n

On the RSI, the reading sits at 30. This level is near oversold territory but has not yet triggered a reversal. Unless volume returns or buyers step in, the trend may remain weak in the near term.<\/p>\n

Funding Rates Turning Positive<\/h2>\n

Data from Coinalyze shows the aggregated funding rate is now +0.0100. The predicted rate is +0.0056. Both metrics have flipped from negative to positive, suggesting some traders are positioning for a bounce. These figures often indicate a shift in sentiment, especially after a strong drop.<\/p>\n

\"PEPE<\/a>
Source: Coinalyze<\/figcaption><\/figure>\n

However, the price remains below resistance. Until levels above $0.0000065 are reclaimed, the pattern\u2019s structure remains in play.<\/p>\n

The current structure suggests sellers remain in control. Until the asset builds above key resistance, the next move toward the $0.00000185 target remains on the table.<\/p>\n

The post 66% Drop? Head-and Shoulders Pattern Hints at Another Painful Correction for PEPE<\/a> appeared first on CryptoPotato<\/a>.<\/p>\n