The meme coin sector started November with a sharp 17.7% decline, marking one of the largest drops among crypto categories. However, three key tokens—PEPE, DOGE, and PUMP—are showing early signs of resilience. On-chain data from platforms like Nansen and technical analysis from TradingView reveal whale activity and chart setups that suggest potential rebounds, making them the meme coins to watch in November.
Despite the general correction, the activity of large investors tells a different story. PEPE, for example, has fallen 44% in the last 30 days. Nonetheless, “Smart Money” and mega-whales have been buying the dip. These groups accumulated nearly 3 trillion additional PEPE tokens, valued at over $16 million. On the charts, PEPE is holding above the key support level of $0.00000548, inside a falling wedge.
Similarly, Dogecoin (DOGE) has pulled back 38% in 30 days. Still, the DOGE chart shows a hidden bullish divergence. This occurs when the price makes a higher low, but the Relative Strength Index (RSI) makes a lower low. This technical signal suggests the overall yearly uptrend remains intact. On the other hand, PUMP has dropped 21% in the last week. Despite this, whales accumulated 2.1 billion PUMP tokens, showing confidence in the asset.
Is “Smart Money” Betting Against the Market’s Downtrend?
The significance of these movements lies in their contrast to the market panic. While the broader sector shows weakness, accumulation by large wallets suggests that institutional investors see value at current prices. This whale activity is vital for the token economy. It demonstrates renewed confidence that could precede a recovery, even as retail traders are selling.
For traders, technical levels are now crucial. PEPE must hold the $0.00000548 support. If it succeeds, it could seek upside targets at $0.00000607 and $0.0000064. However, a daily close below that support would invalidate the bullish setup. For DOGE, the immediate resistance to watch is $0.19, aligned with the 0.618 Fibonacci retracement. A close above this level would confirm the rebound, while a drop below $0.15 would signal further weakness.
Finally, PUMP is consolidating inside a symmetrical triangle, a pattern that often precedes high volatility. The strong whale buying, valued at $7.77 million, supports the bullish side. A breakout above $0.0049 could set an upside target toward $0.0062. Nonetheless, losing the $0.0037 support would open the door to deeper declines. These meme coins to watch in November present a “buy the dip” narrative backed by on-chain data, but technical risks remain if key supports fail to hold.
