Pepe Coin Surges: Buy Signal Ignites 35% Rally Potential
Pepe (PEPE) is electrifying the crypto market, flashing a powerful buy signal at $0.00001362 as of May 17, 2025, with a 3.84% spike in 24 hours. A harmonic bullish pattern on the daily chart, confirmed by TradingView analysts, signals a breakout, with no bearish divergence in sight. The TD Sequential indicator on the 3-day chart further bolsters this, hinting at a 35% surge to $0.000018, or even $0.000020 if momentum holds.
On-chain metrics scream opportunity: the 30-day MVRV ratio at -23% marks a buy zone, as short-term holders capitulate, paving the way for smart money to drive a reversal. Whale accumulation is rampant, with 30 trillion PEPE tokens scooped up, per CoinGlass, and futures open interest steady at $405 million. Daily trading volume hit $1.07 billion, outpacing Shiba Inu and Bonk, signaling intense investor focus.
Posts on X amplify the hype, with @theunipcs noting PEPE’s 43% 24-hour pump, reminiscent of its 1,100% rally in 2024. The price-DAA divergence is positive, reflecting surging user engagement. However, resistance looms at $0.00001405, where $1 million in short positions could trigger liquidations if breached. A drop below $0.0000089 would invalidate the bullish thesis, risking a head-and-shoulders breakdown.
With Bitcoin above $100,000 and Ethereum’s Pectra upgrade fueling altcoin fever, PEPE’s high-beta ETH correlation adds firepower. Traders should eye a confirmed breakout above $0.00001359 for long entries, with stop-losses below $0.00001271. Pepe’s meme-driven community and deflationary mechanics make it a volatile but tantalizing bet. Act fast—this frog is ready to leap.
