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Highlights
- Pepe Coin surged 16% weekly, breaking above the 50-day EMA and nearing the key $0.0000100 resistance level.
- PEPE futures open interest hit $324M, highest since Feb 2025, signaling rising trader activity in derivatives markets.
- PEPE exchange reserves dropped 0.73%, suggesting long-term holding.
PEPE meme coin has seen one of its major movements during the last few months. The token has surged more than 16% in the past week and is presently hovering at $0.00000915 after breaking through the 50-day Exponential Moving Average. This may be an indication that the trend is developing a bullish reversal which may lead to a Pepe coin rally.
Pepe Coin Rally Continues as Price Approaches $0.0000100 Level
Top meme coin PEPE could remove a zero from its price amid the Pepe coin rally, which saw a sharp 13% rise in 24 hours. The token reached $0.00000906, breaking a major technical resistance at the 50-day EMA.
The RSI has climbed to 58, reflecting a rise in bullish momentum. The price action also shows a breakout above the upper Bollinger Band. This move aligns with increased market activity and expanding volatility.
According to analyst Satori, if the current indicators continue to trend upwards, the recently broken resistance level could solidify as a new support zone.
Similarly, experts revealed that the top meme coin is positioned for a potential explosion, urging investors to accumulate now or risk missing out on substantial gains. With PEPE holding strong support and outperforming other meme coins, analysts believe it could see a 100% surge
PEPE Futures Market Shows Strong Trader Interest
PEPE futures open interest surged to $324 million, the highest since February 2, 2025. This marks a sharp increase from earlier levels in March when it stood at $166 million. A rising open interest indicates more active futures positions. It reflects a growing interest in the top meme coin among derivatives traders during the ongoing Pepe coin rally.
Additionally, data from Nansen shows PEPE exchange reserves dropped by 0.73% over the past week. The current level stands at 240.7 trillion tokens held on exchanges. This movement suggests investors are withdrawing their holdings from exchanges. Reduced reserves often point to long-term holding behavior and lower short-term sell pressure.
Next Resistance Levels and Technical Outlook
The next price resistance is at $0.00001094. If broken, the PEPE Coin rally may test $0.00001180, a level that previously acted as a support zone. PEPE price rebound began after hitting $0.000005895 on March 10, matching its August 2023 low. Since then, it has steadily gained, supported by technical strength and investor positioning during the Pepe coin rally.
Moreover, a recent analysis shows that Pepe Coin is forming an inverse head and shoulders pattern, a classic bullish reversal signal indicating a breakout. Analysts suggest that a confirmed move above the $0.0000075 neckline could trigger a sharp surge, with some even predicting a 40x meme coin rally.
At press time, Pepe coin price was up 5.59% in the last 24 hours, trading at $0.000008430. Its 24-hour trading volume had surged by 96.50% to reach $1 billion, while the market cap climbed by 5.60% to $3.54 billion.
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