News View Non-AMP

Breakout Alert! PEPE Set to Skyrocket, Eyes on 45% Jump

Published by
Zameer Attar

The popular and third-biggest meme coin, Pepe (PEPE), is now gaining significant attention from investors and traders following its successful breakout of the $0.00000875 level. On September 26, 2024, PEPE experienced an impressive price surge, resulting in a successful breakout. 

Current Price Momentum

As of writing, PEPE is trading near $0.00000908 and has experienced a price surge of over 8.5% in the past 24 hours. During the same period, investor and trader interest also skyrocketed, resulting in a 22% jump in trading volume. 

PEPE Technical Analysis and Upcoming Levels

However, this significant price jump has shifted the overall sentiment for PEPE. According to CoinPedia’s technical analysis, the meme coin appears bullish. Additionally, it has breached a crucial resistance level of  $0.00000875, which was the last hurdle PEPE faced following the breakout of the descending trendline earlier on September 23, 2024.

With this breakout, PEPE has cleared its path for an upcoming rally. Based on the historical price momentum, there is a strong possibility that PEPE could soar by 45% to reach the $0.000013 level in the coming days.

Additionally, the meme coin trades above the 200 Exponential Moving Average (EMA) on a daily timeframe, indicating an uptrend. 

PEPE’s Bullish On-chain Metrics

This bullish thesis is further supported by the on-chain metrics. According to the on-chain analytics firm Coinglass, PEPE’s Long/Short ratio currently stands at 1.066, the highest since August 2024. This ratio indicates strong bullish sentiment among traders. 

Additionally, its future open interest has jumped by 15% over the past 24 hours, indicating that traders are potentially betting more on long positions. Currently, 51.65% of top PEPE traders hold long positions, while 48.35% hold short positions. 

When combining all these on-chain metrics, it appears that bulls are currently dominating the assets, which may help PEPE in its upcoming really.

Zameer Attar

Zameer is a financial analyst and writer with a particular interest in cryptocurrency markets. He has been studying cryptocurrencies and their market behavior for several years and deeply understands the factors that affect the price of cryptocurrencies. His expertise lies in his ability to use both technical and fundamental analysis to make informed predictions about the future direction of cryptocurrency prices. He has a strong understanding of market sentiment and uses this to inform his trading decisions and price predictions.

Recent Posts

3 Best No-KYC Crypto Swap Platforms of 2025

As crypto matures into a more regulated financial ecosystem, privacy has quietly become one of…

May 9, 2025

Trump Slashes China Tariffs to 80% Ahead of May 10 Trade Talks

President Donald Trump has made a U-turn in the US-China trade war. He now proposes…

May 9, 2025

Too Late to Buy Bitcoin? Samson Mow Issues Bull Run Warning as Price Breaks $103K

Bitcoin has crossed $103,000, and JAN3 CEO Samson Mow is making noise. Known for his…

May 9, 2025

Shiba Inu Price Jump By 15% – More 60% Rally To Come

Shiba Inu (SHIB), the internet’s favorite dog-themed coin, is making headlines once again. Over the…

May 9, 2025

Virtuals Protocol Price Prediction 2025, 2026 – 2030: Will VIRTUAL Price Hit $5?

Story Highlights The Virtuals Protocol price today is . VIRTUAL price could reach a high…

May 9, 2025

StakeStone and WLFI Join Forces to Boost USD1 Stablecoin Liquidity

StakeStone has teamed up with the Trump family's crypto project, WLFI, to offer cross-chain liquidity…

May 9, 2025