- PEPE’s RSI has returned to oversold territory marking a familiar setup that has preceded several recoveries before.
- The 0.0000066 price area has become the main support level where traders watch for signs of the next upward move.
- Analyst ChandlerCharts shared that PEPE may soon rebound as its weekly RSI pattern repeats across recent cycles.
Meme coin PEPE appears to be forming another potential bottom, according to data shared by market analyst ChandlerCharts on October 17, 2025. The TradingView chart shows PEPE’s Stochastic RSI entering oversold territory, an area that historically preceded multiple rebound phases. Chandler remarked, “We’re bottoming again. One day we’ll run out of bottoms,” suggesting that PEPE could soon approach a reversal point.
The chart captures PEPE’s weekly structure from mid-2023 through late 2025, showing repeated low-level RSI cycles aligning with price recoveries. Each low phase on the indicator previously coincided with notable short-term rallies. Currently, PEPE trades near 0.0000066451 USD, sitting close to the lower bound of its long-term support zone. This recurring trend indicates that the token may once again be near a cyclical turning point, provided the pattern continues to hold.
Historical Bottom Patterns and RSI Behavior
The visual data highlights multiple instances where PEPE’s Stochastic RSI dipped to similar lows before triggering bullish movements. The repeated pattern spans several months, forming a clear rhythm of exhaustion and recovery in market momentum. When RSI readings drop below the oversold threshold, traders often interpret it as a potential signal of weakening sell pressure.
From late 2023 through mid-2025, each RSI low marked recovery phases that delivered price increases exceeding 60% to 120% within weeks. The structure displayed on the latest chart mirrors those same moments, with current levels again testing the bottom range.
While historical repetition is no guarantee, the similarity in oscillation behavior has renewed interest among traders watching for technical alignment. The coin’s weekly Stochastic RSI crossovers appear to act as timing indicators for trend shifts, drawing renewed discussion in crypto circles.
Chandler’s chart shows these crossovers aligning with upward momentum spikes after each trough. Traders often use this formation to gauge early signs of market reversal. The synchronization of technical metrics with price action gives weight to the current pattern being more than coincidence.
Market Sentiment and Potential Trajectory
On-chain sentiment surrounding PEPE remains mixed, yet community engagement continues to drive speculative momentum. Several traders responding to Chandler’s post noted the consistent rhythm of “bottoms” forming every few months. One commenter called it “a wild ride for $PEPE,” while others questioned how long this accumulation cycle might persist.
The price zone between 0.0000055 USD and 0.000008 USD has acted as a historical accumulation area for nearly a year. This consistency has made the range a focal point for both long-term holders and short-term traders seeking trend reversals.
If historical data repeats, the ongoing consolidation could serve as the foundation for another rebound phase. A sustained RSI recovery above its midpoint would likely strengthen this possibility.
The post has attracted over 23,000 views on X, with traders debating whether this technical bottom could align with macro crypto market stabilization. With stochastic indicators resetting and price near its cyclical floor, many are closely monitoring weekly closes for confirmation.
Can PEPE Sustain Its Recovery Momentum This Time?
With historical indicators flashing familiar signals, the key question remains: Can PEPE sustain a lasting recovery from its latest bottom formation? The recurring RSI pattern and current support structure will determine whether the meme token’s cycle of bottoms finally gives way to a durable uptrend.
