In the past 24 hours, the PEPE token has shown significant growth, increasing by over 16%. This reflects both short-term momentum and strength across larger timeframes.
Overview of PEPE's Growth
PEPE has staged an impressive rally, reaching a price of $0.00001233. It has gained 28% over the past week and 4% over the month. Its market capitalization is currently at $5.18 billion, with trading volume surging 186% to $1.61 billion in the last 24 hours.
Technical Signals and Chart Patterns
PEPE is showing strong bullish signals by forming an Adam and Eve pattern. The price is currently testing the neckline area of $0.0000123-$0.0000125, coinciding with the 50% Fibonacci retracement level. A break above this level could clear the path to immediate targets of $0.0000132 and $0.0000145. Analyst Ali adds that PEPE is consolidating within a symmetrical triangle, which often precedes sharp breakouts.
Market Sentiment and Future Projections
From an on-chain perspective, PEPE is flashing strong bullish signals, with open interest now at $743.5 million, indicating fresh capital entering the market. Liquidations of short positions amounted to $1.46 million in the last 24 hours, showing a squeeze on bearish traders and creating favorable conditions for potential price growth.
PEPE's recent rally signals strong technical setups and increasing investor engagement. While volatility remains a factor, current trends suggest that PEPE may continue to push forward.
