PEPE breaks above 200-day SMA, confirming bullish shift with falling wedge eyeing $0.0000181.
MACD crossover, rising CMF, and $3.94B derivatives volume signal strong upward momentum.
Whales added 3.8T PEPE as open interest and long positions surge, supporting bullish outlook.
Pepe Coin (PEPE) has moved above its 200-day Simple Moving Average (SMA), a technical development that may confirm a changing price trend. The meme coin is now trading at $0.00001310, supported by higher trading volumes, bullish momentum signals, and increased activity from large investors and derivatives traders.
Price Moves Above Long-Term Average as Technical Setup Builds
PEPE recently broke above the 200-day SMA following a recovery from the May 23 high of $0.0000163. The coin has printed a falling wedge formation, which often precedes upward continuation. If PEPE closes above $0.0000108 with strength, the pattern could trigger a 40% rally toward $0.0000181.
https://twitter.com/PepeCZBinance/status/1932491602993324323
The Moving Average Convergence Divergence (MACD) line has crossed over the signal line on the daily chart. This crossover is commonly observed during trend reversals. PEPE has now formed multiple green daily candles, and its Chaikin Money Flow (CMF) is reading 0.11, showing steady inflow of capital into the asset.
Volume has increased on both spot and derivatives markets. PEPE’s 24-hour trading volume on CoinMarketCap has reached $1.27 billion. Meanwhile, according to data from Coinglass PEPE’s derivatives trading volume rose by 37% in 24 hours to $3.94 billion.
Whales Add to Holdings as Traders Bet on Continued Momentum
Large wallet addresses have expanded their PEPE holdings. On-chain data from IntoTheBlock show that investor wallets between 10 billion and 1 trillion tokens have added over 3.8 trillion PEPE in the past month.
This buying interest suggests confidence among larger investors. Open interest has grown by 10% to $573 million, and the funding rate reached 0.0104%, indicating that long positions are now dominant.
In the last 24 hours, the PEPE derivatives market recorded a $5.54 million short liquidation. On social media, CJ referred to the current pattern as a “Tractor Beam,” describing how price retests extremes to collect liquidity before trend continuation.
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