The meme token Pepe Coin (PEPE) is once again catching the attention of traders and analysts after forming a classic bullish crossover on its daily chart — a technical signal that often indicates the beginning of an upward trend. If history repeats itself, PEPE could surge by as much as 175%, potentially breaking through the 0.000026 USD resistance.
📈 Technical Analysis: Bulls Take the Lead
Following a recent 7% increase over two days, which saw PEPE rise from a low of 0.0000114 USD, the chart shows that the 50-day Simple Moving Average (SMA) has crossed above the 150-day SMA. This “golden cross” typically suggests that short-term momentum is accelerating faster than the long-term trend — a bullish sign for price continuation.
In the past, a similar crossover led to a 175% rally in under two weeks. If a comparable move plays out now, PEPE could push not only past 0.000026 USD but even reach 0.000029 USD.
⚠️ RSI Indicates Possible Hesitation
Despite these optimistic signals, the Relative Strength Index (RSI) is showing some weakness, although it remains above the neutral 50 level. A rebound from this midline could confirm that bulls remain in control and further fuel the uptrend.
The immediate resistance level to watch is 0.000016 USD, which previously blocked upward moves twice. Breaking through this barrier will be crucial for the continuation of any bullish scenario.
📉 What If PEPE Fails to Hold Support?
If the token fails to maintain support at 0.00000944 USD, it could drop to 0.0000059 USD. This downside risk could be amplified if investors shift capital toward newer meme coins, especially as platforms like PumpFun roll out ambitious expansion plans worth up to 1 billion USD in the meme token sector.
📊 Derivatives Data Show Mixed Sentiment
Looking at the derivatives market, the signals are somewhat mixed:
🔹 Open interest on PEPE futures dropped by 30 million USD over 24 hours, down to 515 million
🔹 Trading volume in derivatives declined by 17%
🔹 The long/short ratio sits at 0.97 — a slightly bearish signal
However, some platforms tell a different story. On OKX, the long/short ratio stands at 2.13, suggesting that for every short, there are two long positions — a bullish indicator.
At the same time, liquidations are continuing on both sides, with a total of 1.88 million USD wiped out over the past 24 hours, reflecting short-term volatility.
📌 Summary:
🔹 PEPE forms a bullish crossover — a historically strong indicator
🔹 If momentum holds, the token could rally toward 0.000026–0.000029 USD
🔹 Failure to sustain key support levels may trigger a drop toward 0.000006 USD
🔹 Derivatives data shows mixed sentiment, though bulls dominate on some platforms
🔹 Volatility remains elevated due to ongoing liquidations
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