๐ธ PEPE Price Forecast: Bulls Charge Ahead as Open Interest Hits New High ๐
โข PEPE jumped nearly 70% last week and is still climbing as of Monday, with an extra 5% gain so far.
โข According to CoinGlass, Open Interest (OI) โ which shows new trading activity โ hit a record high of $595.36 million on Monday, up from $398 million last Thursday.
โข Technical outlook suggests the price could keep rising, aiming for the next big target at $0.000016.
โข The long/short ratio for PEPE is 1.09, the highest in over a month โ showing that more traders are betting on the price going up.
โข On Thursday, PEPE broke above its 100-day EMA at $0.000009, surged past its resistance at $0.000013, and held steady despite a brief pullback.
โข By Monday, PEPE was trading around $0.000014, staying strong above its support zone.
๐ If the momentum continues, PEPE could push up to $0.000016, and if it breaks that level, it might even retest the $0.000021 peak it last hit in January.
โ ๏ธ Note: This is not financial advice. Crypto is risky โ DYOR (Do Your Own Research) and trade carefully!
