Pepe rally won’t stop anytime soon

Despite the solid 50% gains from the PEPE price rally over the last two days, market analysts believe there’s still potential for further growth. A prominent member of the Pepe community, known as Fyre, has expressed optimism, suggesting that the coin could soon hit a $10 billion market cap. Emphasizing his bullish sentiment, analyst Fyre noted:

Coinglass data shows that the PEPE future open interest has shot up by 15.5%, moving to $523 million, with 24-hour liquidation soaring to $20 million, of which $13 million is in short liquidation.

Currently trading at $0.00001091, levels last observed on February 4, Pepe has surpassed its 200-day Exponential Moving Average (EMA), signaling a potential continuation of its upward trend