Will 🐸 PEPE Explode Again? Chart History Says Yes.

Pepe (PEPE) rose 10.3% to $0.000007935 in 24 hours as the market recovered from its sell-off earlier this month. 🗓️

The meme currency has risen in the last two weeks and began this third week well. In the last day, trading volumes rose 71% to $605 million. 💰

Other tokens have also seen price increases, 📉 but PEPE is the best-performing meme currency of the top 5 and has about $1 billion more market value than Official Trump (TRUMP). PEPE remains the third-most valued token in this category.

Since March 13, when market sentiment plummeted and fear prevailed, PEPE open interest has risen after falling substantially in January.

The market may have bottomed early. OI for this meme currency rose 30% from March 13 to 23.

As demand for PEPE 🐸 contracts rises, futures investors are purchasing the token in the spot market to hedge their exposure, which may explain why the asset's price has been growing.

Breaking this resistance might boost PEPE by 35%.

The charts show PEPE's daily price movement accelerating toward bullish momentum. The coin may retest its recent low at $0.00000900.

A bullish breakthrough over this level might reverse the downtrend 📈 and start a new bullish cycle.

RSI continues above the signal line, indicating a positive outlook for PEPE. Today, the oscillator is far from that line. Positive momentum usually accelerates.

If PEPE retests its next critical barrier, which appears probable, it may rise 15% at present levels. A bullish breakthrough might push the currency to $0.000011, where it could gain 35%.