• PEPE’s trading volume is up 28.27%, showing increased interest with a 7.01% rise in the past 7 days.
• A breakout above a symmetrical triangle signals a bullish trend continuation with strong volume.
• Trading above the 9-day EMA & 50-day SMA suggests short-term buyer control, with resistance at $0.0000108.

PEPE is currently trading at $0.00001000, with an increase of 0.97% in the past 24 hours. The trading volume has risen 28.27%, and currently it stands at $693.88 million. This increase demonstrates the increase in activity and interest among traders. Over the last seven days, the token has increased by 7.01%, indicating a continuous accumulation of trust in the market.

Source: CoinMarketCap

PEPE Surges Above Key Moving Averages

Crypto analyst Alpha Crypto Signal highlighted that PEPE has overcome a symmetrical triangle on its 4-hour chart. Such a pattern is usually a sign of the extension of a bullish trend. The breakout was accompanied by good volume trading, indicating that the wave of buying pressure is back following a silent durational consolidation period. 

PEPE has currently moved above the 9-day Exponential Moving Average (EMA) and the 50-day Simple Moving Average (SMA). This role indicates the short-term control of buyers. As long as the coin stays between $0.0000100 and $0.0000101, analysts predict the next resistance levels at $0.0000106 and $0.0000108. Trading above these might prove an even stronger up structure and appeal to more momentum traders.

Source: X

Increased Volume and Open Interest Indicate Growth

CoinGlass data shows that trading volume has increased by 6.49% to $1.35 billion. Open Interest has risen by 3.23% to $626.73 million, demonstrating greater involvement in the futures market. The OI-weighted funding rate is at 0.0149%, which implies a fair leverage of the buyers and sellers. Gradual price changes could be supported through stable funding conditions, which tend to restrict abrupt volatility.

Source: CoinGlass

Also Read: SEI Price Explodes 4.5%: Analyst Predicts Powerful Rally to $1.50 Soon!

RSI and MACD Indicate Weak Bullish Momentum

The Relative Strength Index (RSI) stands at 49.48, with the signal line standing at 44.09. These values indicate a neutral momentum that has a slight upward movement. In case RSI goes beyond 55, it may indicate the revitalized purchasing behavior. A decline to less than 45, however, may be an indicator of short-term weakness and a small-time pushback.

Source: TradingView

The Moving Average Convergence Divergence (MACD) suggests a weak bullish pattern. The MACD line, which is 0.00000007, has passed the signal line of -0.00000013. This crossover shows that momentum is slowly shifting towards buyers. The green bars of the histograms support the importance of growing interest, and the upside may be increased further, provided volume does not drop.

PEPE exhibits a stable, although improving, market structure. There is evidence of bullish steady trade driven by moderate momentum. Surpassing current support levels could result in the price establishing itself within the upcoming resistance zone in future sessions.

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