$PEPE Technical Snapshot & Recent Surge! šø
Pepe has captured significant attention with a remarkable surge in activity and price! Let's dive into its current technical standing as of May 10, 2025.
Current Status:
Price: Around $0.000012 - $0.00001310
Market Cap: Approximately $5.17B - $5.22B
24h Volume: A robust $3.9B - $4.1B, indicating high interest.
Recent Performance & Key Technicals:
$PEPE has experienced a significant rally, reportedly climbing ~35-43% earlier this week (around May 8-9). This move was accompanied by a surge in Open Interest for PEPE futures, nearing its all-time high.
Support Levels: Immediate support is eyed around $0.00001116. A key risk area could be $0.00001071 if the immediate support breaks.
Resistance Levels: The next key resistance is noted around $0.00001337.
RSI: Following the recent sharp price increase, the Relative Strength Index (RSI) is reported to be in the overbought territory for some timeframes. This suggests that while momentum is strong, a consolidation or pullback could be possible.
Moving Averages (MA): $PEPE is trading above key moving averages like the 50-day and 200-day MAs on various timeframes. The 200-day MA is trending upwards, often seen as a positive long-term signal. The MACD indicator has also shown bullish signals, such as a positive crossover or remaining "green."
Candlestick Pattern: The recent rally was reportedly preceded by a "morning star" candlestick pattern (May 6-8), a formation often considered bullish.
Market Sentiment:
The derivatives market has shown strong bullish sentiment, with a high long/short ratio reported on major exchanges. Technical analysis summaries from platforms like TradingView have also indicated a "strong buy" based on a combination of indicators.
What are your thoughts on $PEPE's recent run? Share your insights below! š