Pepe Price Surges 5% as Open Interest Grows: Could This Signal a New ATH?

Highlights

Pepe surged 5% in the past 24- hours, indicating strong market interest.
The uptick in price, coupled with a 15% increase in open interest, suggests participants are bullish.
Technical indicators suggest Pepe might continue its uptrend, predicting near-term gains.

Pepe has seen a notable surge in its value over the past 24-hours. The token hovers above $0.00001265, with bullish investors eyeing further gains. As of the reporting time, Pepe price hovered at $0.00001265 during the U.S. trading hours, increasing 6%.

According to CoinMarketCap data, the market cap has also risen by 6% to reach $5 billion, positioning Pepe as the 22nd largest cryptocurrency by market capitalization. Additionally, trading volume has increased significantly by 38% within the last day, totaling around $1.1 billion, suggesting heightened activity and interest in the meme-inspired token.

Pepe Price Sees Positive Shift Amid Market Optimism

Over the past week, PEPE price has experienced a notable 8% increase. The chart demonstrates significant volatility in its trading pattern, marked by sharp rises and dips within this short period. Pepe’s lowest and highest prices within the last 24 hours have been $0.00001171 and $0.00001282 respectively.

Despite recent gains, it remains 26% below its all-time high of $0.00001718, reached two months ago on May 27, 2024. The coin has had an astonishing year-on-year increase of 4556.42%, reflecting a surge since last year’s valuation of $0.00002764.

Growing Open Interest Indicates Strong Market Sentiment

According to Coinglass, the open interest (OI) for PEPE has surged by 15% to $156 million within four hours. This significant increase suggests that a growing number of traders are opting for long positions in PEPE, highlighting an optimistic market outlook.

Pepe Price Surges 5% as Open Interest Grows: Could This Signal a New ATH? — Source- Coinglass

Furthermore, the recent approval of the spot Ether ETF has led to considerable buying of Ether-based tokens, PEPE included. As this ETF continues to attract attention, we might see similar trends that could potentially boost PEPE’s value even further.

In a contrasting scenario, other prominent meme coins such as Shiba Inu (SHIB), Dogecoin (DOGE), Shiba Inu (SHIB), and Bonk (BONK) appear to be facing challenges. This development marks a distinct difference in market dynamics among top meme cryptocurrencies.

Can Pepe Rally Over $ 0.00002 This Week?

With the significant price surge, Pepe’s resistance level is at $0.000013. If surpassed, the value could rise to $0.000015 and reach $0.00002 by the next bullish run. Increased bullish momentum might drive the meme coin to $0.00005 in the next bullish phase.

On the other hand, growing bearish pressure could drop Pepe price to a support level of $0.000012. The main support sits at $0.000011, with a stronger base at $0.00009.

The daily technical indicator for Pepe shows a bullish signal in the near term. The Moving Average Convergence Divergence (MACD) shows a bullish crossover with the signal line beneath the MACD line and the histogram moving into positive territory, suggesting increasing buying momentum. The Relative Strength Index (RSI), currently at 60, stays within the neutral zone but leans towards the overbought boundary.

Frequently Asked Questions (FAQs)

1. What is Pepe Coin's future outlook?

The outlook for Pepe Coin is dynamic, dependent on market trends and community engagement.

2. Where can I store Pepe Coin?

Pepe Coin can be stored in MetaMask, Trust Wallet, and Ledger Nano S/X.

3. Can I trade Pepe Coin on DEXs?

Yes, Pepe Coin is tradable on SushiSwap and Uniswap.

Trending
Price Analysis

Best Crypto Presales To Invest In September 2025 – Top Upcoming Presale Tokens

Best Crypto AI Trading Bots In 2025

Top Meme Coins To Buy In September 2025

Peter Mwenda

CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.

Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.