Pepe (PEPE) has fallen below significant neckline support, validating a head-and-shoulders formation which typically signals a reversal. Analysts recommend a downside target of $0.00000185.

At the moment, the price sits at about $0.00000558, reflecting a weekly decline exceeding 17%.

Pattern Analysis and Projections

The diagram shared by Ali Martinez illustrates a clear head-and-shoulders setup. The neckline, breached at around $0.0000065, has instigated a bearish trend. This pattern is known to reverse rising trends upon confirmation of a neckline break.

"$PEPE is breaking out of a head and shoulders pattern, targeting $0.00000185." — Ali (@ali_charts) November 6, 2025

The anticipated target from this analysis is $0.00000185, derived from measuring the height from the head’s top to the neckline, further reconfirmed through Fibonacci levels. Possible support points are noted at $0.00000490 and $0.00000333 as the market approaches lower targets.

Pricing and Volume Overview

PEPE trades below its 9-day EMA, indicating continued downward momentum. A decline in trading volume, which is currently around $310 million, is noted, marking a drop of over 50% compared to the previous day.

Regarding the RSI, it currently reads 30, nearing oversold territory. This hasn’t yet prompted a reversal; without a return to higher volume or renewed buyer interest, the trend may remain bearish.

Sentiment Shift in Funding Rates

Recent data from Coinalyze reflects that the overall funding rate is now +0.0100, with predicted rates at +0.0056. These metrics have transitioned from negative to positive, suggesting that some traders may be positioning for a rebound.

However, until resistance levels above $0.0000065 are regained, the downtrend character of this pattern remains intact, keeping the $0.00000185 target in view.