Pepe Coin price has dropped by 5.3% today, July 23, to trade at $0.0000131. Usually, such a drop happens at the same time that open interest is dropping, but this is not the case this time around, after this metric increased to an all-time high of more than $1 billion.
Pepe Coin has made the first step towards gaining, and this is its three consecutive touches of the resistance in the symmetrical triangle since March 2025. This might be what buyers have been waiting for before showing their hand, and it might also be the calm before the storm that leads to an explosive PEPE rally.
However, moving past this resistance will not be an easy thing for the top meme coin because it has not been able to cross it since January 2025. In January, May, and again last week, bulls retreated when Pepe Coin price touched this resistance, and if there is a shift in the market sentiment, especially around meme coins, and PEPE moves above $0.0000147, the price could increase more than 253% and reach $0.000050.
Looking at the OBV, it is evident that buyers have been silently buying even if there is no evidence of this in the price performance. If this continues, the price might just explode, and this will not only fulfill the short-term bullish outlook seen here but also affirm a positive Pepe Coin price forecast for 2025 and beyond.
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