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Pepe Coin (PEPE) is catching traders’ attention as bullish signals emerge on the charts. The memecoin surged 5.02% in the past 24 hours, accompanied by a significant 39.88% jump in trading volume. This uptick suggests rising demand, with buyers pushing PEPE toward a critical resistance level. While a breakout could pave the way for further gains, bears remain a potential obstacle to sustained momentum.
#PEPE flashes bullish signs, but will they be enough for a new price rally? https://t.co/4mv56CacNc
— AMBCrypto (@CryptoAmb) March 25, 2025
Bullish Indicators Point to a PEPE Breakout
PEPE’s 4-hour chart reveals multiple Break of Structure (BOS) and Change of Character (CHoCH) patterns—strong indications of a potential trend reversal. With key support levels holding firm, bullish traders are testing the $0.00000780 resistance zone, a critical threshold for further upside movement.
Renowned CoinMarketCap analyst BlockchainBaller predicts that surpassing this level could trigger an extended rally. The Relative Strength Index (RSI) hovers at 50, indicating room for increased buying pressure. Meanwhile, short-term indicators, such as the MACD (12,26) and moving averages, signal bullish momentum. However, long-term moving averages remain slightly bearish, hinting at underlying market uncertainty.
Traders Display Renewed Confidence
Market data from Coinglass underscores growing optimism among traders. Open Interest (OI) surged 8.47% in 24 hours, reflecting fresh capital inflows and heightened trading activity. Additionally, the OI-Weighted Funding Rate turned positive, further reinforcing confidence in PEPE’s bullish potential.
The long-short ratio climbed to 1.41, confirming that buyers currently dominate market sentiment. However, volatility persists, making speculative moves unpredictable. If PEPE decisively breaks past $0.00000780, analysts project a potential target of $0.00000850. Conversely, failure to overcome this hurdle could result in a temporary retracement.
Also Read: Pepe Coin (PEPE) Skyrockets 7% as Whales Accumulate $4.3M – Is a Surge Incoming?
What’s Next for PEPE?
As bullish momentum builds, PEPE remains at a crucial juncture. Buyers are in control for now, but resistance levels continue to pose challenges. The coming days will determine whether PEPE achieves a breakout or faces renewed pressure from the bears. Traders should watch for key price movements to gauge the next potential shift in market dynamics.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
I’m a crypto enthusiast with a background in finance. I’m fascinated by the potential of crypto to disrupt traditional financial systems. I’m always on the lookout for new and innovative projects in the space. I believe that crypto has the potential to create a more equitable and inclusive financial system.
