🚀#tradeStories New record for Pepe Coin after million-dollar liquidation?
Pepe Coin ($PEPE ) is experiencing a bullish moment, surging 68% in a week to $0.00001453. This momentum surpasses the 200-day EMA and a crucial Fibonacci level, bringing PEPE closer to a potential historic breakout. The liquidation of $1 million in short positions adds fuel to the optimism, suggesting that the bears are capitulating.
Open interest in PEPE futures is nearing $600 million, reflecting strong leveraged activity and confidence. Additionally, significant capital inflows in the spot market indicate solid underlying buying pressure. If this sentiment persists and key supports are maintained, Pepe Coin could have the strength necessary to reach a new all-time high.
