Pepe's recent price reached 0.000026478 USD, showing a sustained bullish trend, but underlying currents are stirring, with intense battles between bulls and bears.
Pepe's funding rate recently soared from 0.0309% to 0.0800%, indicating heightened market speculation. This rapid rise typically suggests strengthening bullish power, with investors betting on price increases. However, in a high-interest-rate environment, the risk of market pullback also intensifies, especially when prices reach critical highs.
Balancing long and short forces, increasing open interest
The current long-short ratio is 1.03, indicating a relatively balanced power between both sides, and the market may face decisive changes. Open interest has reached 459.71 million USD, setting a new high in several months, showing that funds are flooding into the derivatives market, further enhancing market volatility.
Pepe successfully held the 50-day moving average support at 0.000022531 USD, with strong short-term upward momentum remaining. The price gains additional support at 0.000025800 USD, and the relative strength index (RSI) has reached 62.91; although close to the overbought area, there is still room for upward movement. If Pepe can stabilize above the current level, the target will aim for the resistance area at 0.00003 USD; if it fails to hold the key support, it may pull back to 0.000025000 USD.
The current Pepe market is balancing between speculative frenzy and volatility risk, with the battle between bulls and bears determining the price direction in the short term. Investors need to pay attention to key technical levels and changes in market sentiment to guard against sharp volatility risks.
Pepe Unchained (PEPU) skyrockets threefold on its first day of listing
The meme coin rising star Pepe Unchained (PEPU) performed impressively on its first day of listing on December 10, with prices soaring to 0.025 USD, achieving a threefold increase from the first phase presale price.
Since announcing the end of the presale on November 13, PEPU has attracted widespread attention. Official data shows that the daily fundraising amount during the presale exceeded 1 million USD, with a final total fundraising amount of 75 million USD, demonstrating market confidence. After listing, PEPU has opened token distribution and simultaneously launched on decentralized exchanges (DEX). The official plan is to list on medium-sized exchanges within the next 3 to 5 days and on major exchanges within 7 to 10 days, providing investors with more trading opportunities.
Wall Street Pepe ($WEPE) presale surpasses 3 million USD
Another Pepe-themed meme coin, Wall Street Pepe ($WEPE), raised over 3 million USD in just 5 days during its presale phase, sparking market discussions. The $WEPE team claims it possesses a viral spread effect similar to Pepe and provides trading strategies, data analysis tools, and more to assist retail investors in decision-making.
The current price of $WEPE is 0.000207 USD, and the presale price may be adjusted. The project anticipates showing high growth potential after launch and offers staking and reward programs for investors to earn additional income.
Market Outlook
Overall, the Pepe series of meme coins have shown resilience and strong momentum in a market of increasing volatility. With the influx of funds and rising market activity, these projects are expected to further challenge their highs. However, investors need to be wary of market fluctuations and adjust their strategies in a timely manner to seize the best investment opportunities.
That's all for today's article. Currently in a bull market with a lot of excitement, we share passwords every day.
