๐ธ $PEPE Heating Up โ Bullish Momentum Building Fast ๐ฅ
Pepe (PEPE) is back in action, showing strong bullish vibes after bouncing off a key support level. The meme coin surged 5%+ on Wednesday, currently trading around $0.0000139 โ and itโs catching serious attention from traders.
๐ On-Chain Buzz: Smart Money is Moving In ๐ธ
According to Coinglass, Open Interest (OI) in PEPE futures jumped from $530M to nearly $600M โ a solid sign of fresh capital entering the market. At the same time, funding rates turned positive (0.0013%), meaning longs are paying shorts โ just like before previous rallies, including May 8.
๐ง Technical Picture: Bullish Breakout Ahead? ๐
On the weekly chart, PEPE held strong at $0.0000125 support. Now trading at $0.0000139, itโs well-positioned for a potential move toward the 50% Fibonacci level at $0.0000168 โ thatโs nearly +30% upside!
RSI on the weekly is at 57 โ comfortably above neutral โ suggesting bullish momentum.
MACD is also flashing green with a bullish crossover and rising histogram bars โ more confirmation of strength.
๐ Daily Chart Action: Support Holding, Bulls in Control โ
From Monday to Tuesday, PEPE retested the $0.000013 zone and bounced. By Wednesday, it gained over 5%, pushing to $0.0000139 โ momentum is clearly with the bulls.
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๐ฎ PEPE Price Outlook: Looks Ready to Leap Higher
With increasing open interest, positive funding, and bullish technical signals across the board, PEPE could be gearing up for another explosive move.
โก๏ธIf $0.0000125 holds, next target = $0.0000168!
๐ข Stay sharp โ PEPE is turning up the heat!
