Pepe (PEPE) broke away from the meme coin pack on Wednesday after reports that TRON founder Justin Sun holds a sizable stake worth roughly $51 million in the token. PEPE jumped as much as 15% during the Oct. 28 session, ranking among the day's top gainers and pushing its market cap back above $2 billion.
At last check, PEPE traded near $0.0000049, up about 7% over the past day, roughly 8% over the week and around 13% over the month. The token climbed above its 50-day moving average near $0.0000041 and its 200-day moving average near $0.0000038, with both levels now acting as support. The first support sits near $0.0000046, followed by $0.0000043, while resistance stands near $0.0000054 and then $0.0000056. RSI read 64, indicating strong momentum without being overheated.
In contrast, Dogecoin (DOGE) traded near $0.079, flat on the day and down about 4% over the week and roughly 18% over the month. DOGE remained below its 50-day average near $0.084 and its 200-day average near $0.091, with support near $0.076 and resistance at the 50-day line. Its RSI read 41.
Shiba Inu (SHIB) also stayed pinned below key moving averages, trading near the same price as PEPE but down roughly 17% over the past month. SHIB’s 50-day line near $0.0000052 and 200-day line near $0.0000055 acted as ceilings. Support was near $0.0000048, with resistance near $0.0000051.
The split has traders watching whether PEPE's whale-driven rally can rotate into DOGE and SHIB. Macro catalysts could test the move: the Federal Reserve is due to announce its rate decision, and Binance will delist 10 margin and 12 spot pairs on Oct. 30, potentially thinning liquidity in smaller tokens. A bullish scenario would see PEPE close above its first resistance and DOGE reclaim its 50-day line, while a bearish scenario would see SHIB slip under its nearby floor and PEPE fade back to lower support once the Fed has spoken.
