On December 1, 2025, PEPE, the meme coin, saw its ETF-linked daily trading volume surge to $38.12 million, signaling heightened institutional interest as the price clung to a crucial support zone. Technical analysis places PEPE at a inflection point, with the $0.054551 level (equivalent to historical support near $0.0004) acting as a make-or-break barrier that has held since mid-2024.
Market structure reveals a looming head-and-shoulders pattern, which, if broken down, could trigger a 75% collapse toward $0.000001. Conversely, a 19-month ascending triangle pattern suggests recovery potential, with the RSI nearing oversold territory at 30 and the MACD indicating mixed signals. Open Interest has climbed over 50% to $249 million in two weeks, reflecting trader engagement.
If buyers re-enter and flip resistance, the setup targets a return to all-time highs around $0.000028, a 550% gain. Catalysts like a potential December U.S. rate cut could boost risk appetite. The ETF volume spike, led by a top product with $336.99 million in net assets, tightens PEPE's trading range, with resistance at $0.054858 capping upside.