PEPE’s Big Break: Is it Finally Going to Soar, or Just Another Meme?

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  • PEPE‘s looking a little more optimistic, but it needs to break $0.00000780 for a real price rally.
  • Short-term indicators are flashing ‘buy,’ but long-term? Well, that’s a different story.

Well, well, well, if it isn’t our old friend PEPE, popping up again like a jack-in-the-box in the world of memecoins. Traders are showing a bit of optimism—could this mean the start of a bullish rally? Who knows, but here’s the scoop: PEPE’s price is trying to pull a Houdini and break above a key resistance level. A small surge of 5.02% in the last 24 hours, with a trading volume spike of 39.88%, is making some folks wonder: Is this the start of something magical or just another flash in the pan?

PEPE’s Price Confirmations

If you squint real hard at the 4-hour chart, you’ll notice something—a bunch of Break of Structure (BOS) and Change of Character (CHoCH) confirmations. Translation: PEPE is trying to get its act together and reclaim key support zones, while also having a go at that pesky $0.00000780 resistance. And, folks, if it can break through that, well, it’s time to throw a little confetti, because PEPE could see a decent price uptick in the mid-term.

As of now, PEPE’s hanging around $0.00000762, with a Relative Strength Index (RSI) sitting at a comfortable 50. So, it’s not exactly partying like it’s 1999, but there’s still room for more buying—if you fancy a little risk.

Short-term indicators are playing nice, flashing ‘buy’ on both the MACD (12,26) and moving averages. But don’t get too comfortable—long-term moving averages are flashing ‘sell,’ which means the bears aren’t going anywhere soon. Just when you think PEPE’s got it all figured out, the bears come in and spoil the fun. Typical.

PEPE Derivatives Data: The Bullish Sentiment is Real (Kind Of)

Here’s a little peek behind the curtain: PEPE’s Open Interest (OI) climbed by 8.47% in the last 24 hours, according to Coinglass. The OI-Weighted Funding Rate has also turned positive over the past 48 hours, suggesting that traders might just be getting a little excited. With trading volume also up by nearly 40%, traders could be setting themselves up for the big breakout above that key resistance. Or, you know, they’re just hoping it happens, like the rest of us.

The long-short ratio sits at 1.41, which is a nice little sign that buyers are in charge for now. But let’s not get ahead of ourselves. PEPE’s volatility still has that certain “wild west” charm, as evidenced by its ever-changing long-short ratio. So, will the rally last? Only time will tell.

In short (no pun intended), market volatility is still the name of the game, and PEPE’s long-term bullish momentum? Well, that’s still up for debate. But hey, we’re all here for the ride, aren’t we?

So, Is a Rally Coming Up?

Based on the BOS and CHoCH signals, along with on-chain data, there might just be a rally waiting in the wings. PEPE’s RSI is still sitting pretty in the neutral zone, so it’s not overbought—yet. More buying could be on the horizon, assuming the resistance doesn’t put up too much of a fight. If PEPE can break above that $0.00000780 mark, we might see a nice little climb to $0.00000850 in the mid-term. Or, you know, PEPE might just do what it does best—surprise us all.

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2025-03-25 11:07