PEPE coin has made a significant recovery in the context of Bitcoin’s rise to $67,000, with its futures open interest increasing by 75%, indicating increased market confidence in the asset. Although PEPE coin rebounded to $0.000013 through the support level of 0.00000763, the price action subsequently stalled, reflecting a lack of buyer confidence. Market analysis predicts that if PEPE currency can break through the current sideways range, it may usher in an increase of up to 40%.

Key ideas:

Most major cryptocurrencies have shown significant growth over the past week, especially Bitcoin.

PEPE coin has support at $0.00000763 and is supported by the 200-day exponential moving average.

The price of PEPE currency increased by 68% in two weeks, reaching a maximum of $0.000013.

PEPE coin’s futures open interest increased from $83.6 million to $146.75 million, an increase of 75%.

Despite favorable market conditions, PEPE coin showed signs of trading sideways after reaching its highs.

The 4-hour chart shows PEPE coin forming a bullish triangle pattern, which may indicate further gains ahead.

If it can break through the resistance line, PEPE currency is expected to achieve a 40% increase, otherwise it may fall back to $0.00000763.

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