๐ฃ๐๐ฃ๐ ๐ฆ๐๐ฎ๐๐ ๐๐ฏ๐ผ๐๐ฒ ๐๐ฒ๐ ๐ ๐ผ๐๐ถ๐ป๐ด ๐๐๐ฒ๐ฟ๐ฎ๐ด๐ฒ๐ ๐๐ฎ๐ป ๐๐๐น๐น๐ ๐ง๐ฎ๐ธ๐ฒ ๐ฃ๐ฟ๐ถ๐ฐ๐ฒ ๐๐ฎ๐ฐ๐ธ ๐๐ฏ๐ผ๐๐ฒ $0.000014?
โ Quick snapshot:
PEPE price now at $0.00001357, after testing resistance near $0.00001400.
Weekly gain: +22%; 24h gain: +5%.
Recent breakout from falling wedge pattern completed its first target near $0.00001400.
๐ Technical picture
Price is above all major EMAs:
โโข 50-day EMA: $0.00001112
โโข 100-day EMA: $0.00001089
โโข 200-day EMA: $0.00001101
Two Golden Cross formations (50-day EMA crossing above 100-day & 200-day) add bullish momentum โ often signal trend strength.
RSI at 71: shows strong buying pressure, but watch for short-term cooling if RSI rises too fast.
๐ Futures market supports bulls:
Open Interest rose from ~$455M (July 2) to ~$685M โ traders adding long positions.
Derivatives trading volume surged +34% to ~$5B โ more participation = more price fuel.
๐ Why now?
Bitcoinโs recent all-time high near $123,000 shifted traders into altcoins.
Meme coins like PEPE benefited as Altcoin Season Index climbed from 12 โ 41 in ~2 weeks โ shows rising demand beyond BTC.
๐ Key levels to watch next:
Resistance: $0.00001400 โ clean break & close above could open move toward $0.0000152โ0.0000160.
Support: first near $0.00001300, then $0.00001200 โ a drop below $0.00001200 could weaken momentum.
๐ก For traders:
โ Trend bias stays bullish while price holds above EMAs & RSI remains under 80.
โ Volume support is key: new highs need matching volume spikes.
โ If price struggles below $0.00001400 & RSI overheats โ possible short pullback to cool off.
โญ Summary:
PEPE keeps technical strength with Golden Cross & rising Open Interest. A breakout above $0.00001400 could extend rally, but traders should watch volume & RSI to avoid chasing overheated moves.