**PEPE Poised to Push Higher as Futures Data Hints at Continued Momentum**

Pepe (\$PEPE

) is inching closer to the \$0.00001400 resistance level this Thursday, with strong bullish signals backing the rally. Two Golden Crosses on the daily chart have added fuel to the momentum, and rising interest in meme coins is boosting the Altcoin Season Index.

After breaking out from a falling wedge and hitting just above \$0.00001400 midweek, PEPE is now consolidating around \$0.00001364.

The rally comes as Bitcoin (BTC) recently hit a new all-time high of \$123,218 on Monday, prompting traders to rotate funds into altcoins. As a result, PEPE has surged 22% over the past week and 5% in the last 24 hours.

Futures market data also supports the bullish case. Since dipping to \$455 million on July 2, Open Interest (OI) in PEPE futures has rebounded to \$685 million, per CoinGlass. Additionally, trading volume in derivatives has jumped 34% to nearly \$5 billion, indicating growing confidence in PEPE’s upside potential.

The Altcoin Season Index has steadily climbed from 12 on June 22 to 41, signaling a shift in momentum toward altcoins.

PEPE is currently trading above its key moving averages — the 50-day EMA (\$0.00001112), 100-day EMA (\$0.00001089), and 200-day EMA (\$0.00001101). The bullish Golden Cross patterns — where the 50-day EMA moved above both the 100-day and 200-day — confirm a strengthening trend.

With the RSI at 71 and climbing, traders may continue increasing their positions, as the indicator reflects ongoing positive momentum.

\#PEPE #AltcoinMomentum #CryptoRally #MemecoinWatch #AltcoinSeason