PEPE Price Enters Oversold Levels On Daily Timeframe, Here’s What Happened The Last Two Times

Name	Symbol	Market	Market Cap ($)	Algorithm
Dogecoin	DOGEUSD	Crypto	24,971,438,186	Scrypt

Name

Symbol

Market

Market Cap ($)

Algorithm

Dogecoin

DOGEUSD

Crypto

24,971,438,186

Scrypt

	Price Change	Price Change %	Current Price	Bid Price	Offer
	-0.00977	-5.48%	0.16836	0.1684	0.16841

Price Change

Price Change %

Current Price

Bid Price

Offer

-0.00977

-5.48%

0.16836

0.1684

0.16841

High Price	Low Price	Open Price	Prev. Close	52 Week Range
0.17924	0.16655	0.17815	0.17813	0.080490 - 0.484640

High Price

Low Price

Open Price

Prev. Close

52 Week Range

0.17924

0.16655

0.17815

0.17813

0.080490 - 0.484640

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	17:52:08	53.00	0.16836	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

17:52:08

53.00

0.16836

USD

Price x Volume	Volume	Base Symbol	Related Pairs
25,222,348.61	145,898,497.17	DOGE	DOGEEUR	DOGEGBP	DOGEBTC

Price x Volume

Volume

Base Symbol

Related Pairs

25,222,348.61

145,898,497.17

PEPE Price Enters Oversold Levels On Daily Timeframe, Here’s What Happened The Last Two Times

10/02/2025 11:00pm

NEWSBTC

The recent downturn that has swept across the entire crypto market has pushed meme coin PEPE into oversold territory, according to the Relative Strength Index indicator. Notably, this is only the third time PEPE has reached the oversold levels in its history, particularly on the daily candlestick timeframe. Historical data shows that in the previous two instances, PEPE’s price movement followed a specific pattern, leading to a strong recovery after a period of consolidation. As such, the recent PEPE price crash might be the first step before an incoming bull price action. PEPE Oversold Condition Is A Rare Market Event: What Happened The Last Two Times? PEPE hasn’t had much history to go by, as it is one of the youngest meme coins with a large market cap. However, over the past year and a half since its launch, PEPE has rarely dipped into oversold territory on the Relative Strength Index (RSI). This makes its current oversold status a significant event in technical analysis, as it has only happened twice before. An oversold condition is when the selling pressure on a crypto becomes too much in a short period, which causes the RSI indicator to fall below 30. Related Reading: PEPE’s 64% Drawdown Theory: Analyst Reveals The Level To Hold Amid Massive Price Crash In both previous instances where PEPE became oversold, the price entered a consolidation phase lasting approximately one month before rebounding with a strong uptrend. This pattern is evident in a PEPE daily candlestick chart shared on social media platform X by crypto analyst Obi (@obi_eths), which illustrated the meme coin’s historical response to oversold conditions. As shown by the chart below, the first time the meme coin became oversold was in September 2023, four months after its launch. Notably, the oversold condition was followed by 31 days of consolidation before PEPE eventually shot up to new all-time highs in the weeks after. A similar trend occurred in August 2024, when PEPE entered into an oversold condition for the second time. This was followed by another 31 days of consolidation up until September 6, when another uptrend began. Accumulation Phase? What To Expect Next With PEPE now entering another oversold condition, historical patterns suggest that the meme coin could remain in a consolidation phase for at least the next month. If past trends repeat, this period could serve as an accumulation window for investors who are willing to exercise patience and position themselves ahead of a potential rally. Related Reading: Dogecoin Vs. PEPE: Analyst Reveals Which Coin You Should Hold This Bull Cycle The timeline for this anticipated surge should begin on March 10, which is exactly 31 days after PEPE entered the recent oversold condition. From here, the meme coin could attempt to mirror its past rebounds by staging an extended move that could push its price beyond its current all-time high of $0.00002803, which was recorded on December 9, 2024. At the time of writing, PEPE is trading at $0.000009544, 65.8% below this all-time high. Featured image from Shutterstock, chart from Tradingview.com

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