💣"Super rebound is about to explode!" PEPE is brewing a historic return, but this issue could become a roadblock! 🐸
As the technical pattern reappears and trading volume surges, PEPE may relive the dramatic price surge of the past. However, some short-term profit-takers' "cold water" actions might delay this explosion for a while.
📈 Technical View: Familiar explosive pattern returns!
PEPE has once again entered a descending channel pattern, a structure that previously triggered strong rebounds three times.
It has currently broken the upper resistance level and recorded a 24-hour rise of 5.79%.
If history repeats itself, the technical target could reach $0.00002786, with a potential increase of over 270%!
However, don't be too optimistic just yet—history also shows that each breakout often sees a period of consolidation before a significant rise.
🔥 Market Sentiment: Bullish enthusiasm remains high
Trading volume surged by 38.17% to $896 million, indicating a dramatic increase in market participation.
Open interest in futures contracts reached $348 million, suggesting that a large amount of capital has been positioned in advance.
More importantly, the weighted funding rate for OI remains positive (0.0093%), indicating that mainstream traders still lean towards bullish sentiment.
🧊 Sell-off wave: Are short-term players a "roadblock"?
Although the overall trend is optimistic, one point is worth noting:
Some spot players chose to sell to lock in profits after the technical breakout, with over $8 million in PEPE liquidated in the past 24 hours.
If this trend continues, it may temporarily slow down the upward momentum, leading PEPE into a period of consolidation.
✅ Summary: PEPE is on the brink of an explosion
Perfectly recreated technical chart + active derivatives market + heightened market sentiment
= Bullish signals have gathered, and PEPE's potential increase remains astonishing.
The only variable? Whether short-term profit-taking will suppress the breakout momentum.
📢 Do you think PEPE will recreate the miraculous surge of the past? Where do you see the target price? Leave a comment to discuss together!
