PEPE Eyes Breakout Amid Bullish Momentum Signs
Key Takeaways
- Pepe (PEPE) is currently showing strong bullish momentum.
- The price is at USD 0.0000073 – near a potential breakout level.
- A Golden Cross on the 4-hour chart indicates a continued upward trend.
- Open interest has increased by 8.22% – more long positions in the market.
- Net outflows from exchanges suggest growing accumulation.
What is a Golden Cross?
A Golden Cross is a technical signal in chart analysis. It occurs when a short-term moving average (MA) crosses above a long-term MA from below. This pattern is often seen as an indication of a long-term upward trend reversal.
In the case of PEPE, the 9-day MA is currently at USD 0.0000072, while the 21-day MA is at USD 0.0000069. The Golden Cross pattern is already visible on the 4-hour timeframe. If the trend continues, it could also appear on the daily chart – another bullish sign.
Current Price Development of PEPE
In recent weeks, PEPE has shown a significant recovery. After hitting a local low of USD 0.0000052, the price climbed to a high of USD 0.0000075. The memecoin is currently trading at USD 0.0000073 – above the 200-day moving average. On a weekly basis, this represents a 3.94% increase.
Market Data Indicates Rising Demand
A look at spot net flows shows: for the past two days, exchange outflows have outpaced inflows. This means more PEPE tokens are being withdrawn from trading platforms than deposited. Such movements often indicate that investors intend to hold their assets long-term – a sign of confidence and bullish expectations.
Open Interest Rises – More Long Positions
Open interest (OI), the total sum of open derivative positions, has risen by 8.22% to USD 293.43 million. This shows that new positions are being opened – mostly long positions. According to data, the long/short ratio stands at 53% in favour of the long side. This means more traders are betting on rising prices.
MACD Supports Bullish Scenario
The MACD (Moving Average Convergence Divergence) – another technical indicator – shows a bullish crossover. This suggests increasing upward momentum. If the current demand zone holds, PEPE could once again reach the level of USD 0.0000078.
You should read that too:
-
Asian Slots – The Best Asia-Themed Online Slot GamesReading time: ~ 3 minutes
-
Best Casino Alternatives for 2025
Reading time: ~ 3 minutes
-
Danneskjold Ventures B.V. Casinos
Reading time: ~ 3 minutes
-
The Best Jackpot Slots & Casinos 2025
Reading time: ~ 3 minutes
-
Liernin Enterprises Ltd Casinos
Reading time: ~ 3 minutes
Risks: Profit-Taking Possible
Despite positive signals, there is a risk of short-term pullbacks. If profit-taking occurs, the price could fall back to USD 0.0000069. This level currently acts as short-term support.
Our Assessment
PEPE shows clear signs of a continued uptrend. The Golden Cross on the 4-hour chart, rising open interest, and net outflows from exchanges point to a bullish market sentiment. In the short term, the price could reach the target of USD 0.0000078. However, you should factor in potential pullbacks – especially in the event of sudden profit-taking. Investors should keep an eye on key technical levels and manage risk accordingly.
Sources
- TradingView
- CoinGlass
- AMBCrypto
| Wagering requirements | 35x bonus |
| 35x free spins winnings | |
| Minimum deposit | €20 |
| Maximum bet | €5 |
| Bonus validity | 30 days to claim |
| 14 days to wager / 7 days for free spins |
- There is no maximum bonus amount.
- 10 Free Spins per day over ten (10) days on Gates of Olympus or Book of Ra Deluxe.
| Wagering requirements | 40x bonus |
| 40x free spins winnings | |
| Minimum deposit | 0.0005 BTC |
| Maximum bet | 0.00004 BTC |
| Bonus validity | 30 days after registration |
| 14 days (1st), 7 days (2nd), 1 day (3rd) |
- To get the bonus, enter the bonus code before the deposit.
- Minimum deposit: 0,07 BCH • 0,4 LTC • 233 DOG • 45 XRP • 0,01 ETH • 20 USDT • 69 ADA • 0,05 BNB • 184 TRX • 20 USDC.
- Maximum bet: 0.007 BCH • 0.0009 ETH • 0.04 LTC • 23 DOGE • 2 USDT • 4 XRP • 18 TRX • 7 ADA • 0.005 BNB • 2 USDC • 2 EUR • 2 USD.
- Free spins are provided in batches of 25 per day.
- Free spins are credited on the Gamebeat slots: Max Miner (1st), Book of Elixir (2nd) and Odin’s Tree (3rd).
| 1st deposit | 120% up to $500 + 100 Free Spins |
| 2nd deposit | 100% up to $300 + 100 Free Spins |
| 3rd deposit | 150% up to $500 + 100 Free Spins |
| 4th deposit | 100% up to $300 + 100 Free Spins |
| Wagering requirements | 45x deposit + bonus |
| 40x free spins winnings | |
| Minimum deposit | $10 (1st) |
| $15 (2nd-4th) | |
| Maximum bet | $5 per round |
| Bonus validity | 30 days to claim, 7 days (1st-4th) |
| 7 days for free spins |
- You must complete the registration and verification process, including a valid email or phone number, to qualify for this bonus.
- You must select the desired bonus during the deposit process.
- There is a maximum withdrawal limit of $10 from winnings derived from free spins.
Advertising transparency