
- Pepe Coin (PEPE) is showing strong bullish momentum as buyers capitalize on dips, pushing open interest to near-record highs and signaling potential for a major breakout.
After dipping to the $0.000012 range within the past 24 hours, PEPE quickly bounced back, indicating robust support and growing confidence among buyers. This rebound signals that bulls remain firmly in control, positioning the meme coin for potential upside in the days ahead.
The broader crypto environment has also turned favorable, with Bitcoin’s continued upward momentum lifting sentiment across altcoins. Additionally, the recent delay in U.S. tariffs on European goods, announced by Donald Trump, has temporarily eased macroeconomic tensions, further fueling speculative appetite, especially in high-volatility assets like PEPE.
Technical Strength and Rising Open Interest
PEPE is currently trading above a strong support zone between $0.000012 and $0.0000125, a range that has historically served as a launchpad for bullish reversals. Technical charts reveal that the coin is forming a bullish cup-and-handle pattern while remaining within an ascending trend channel. These indicators suggest that PEPE is coiling for a breakout, with potential for a significant rally ahead.
$PEPE Looking Bullish As More Buys Come In
2025 Is Shaping Up To Be A Huge Year For #PEPE
Latest #PEPE News And Price Action
pic.twitter.com/kE46M0j8dk
— Crypto Zeus
(@CryptoZeusYT) May 26, 2025
A surge in open interest, now approaching $600 million, reinforces this outlook. According to Coinglass analysts,
Open interest nearing record highs alongside positive funding suggests that the market is preparing for something big.
With long positions outpacing shorts and funding rates remaining positive, momentum is clearly on the side of the bulls.
Crypto analyst Crypto Zeus also emphasized this trend, noting that PEPE’s repeated bounces from key levels reflect “conviction among buyers, particularly in the face of broader volatility.”
Price Targets and Resistance Ahead
Despite the strong bullish momentum, PEPE still faces technical resistance near the $0.0000148 level. A decisive move above this barrier could open the door to a rally toward $0.0000238, an upside of nearly 61%. The recent formation of a golden cross and PEPE trading above its 200-day EMA further strengthen the bullish case.
However, some analysts caution that without a clean breakout, a temporary pullback to $0.0000107 remains a possibility. The next few trading sessions will be critical in determining whether the bulls can maintain control and push past resistance.
Whale Accumulation and Retail Interest
One of the key drivers behind PEPE’s resurgence is whale accumulation. Blockchain data indicates that large holders are steadily adding to their positions, showing confidence in the token’s longer-term prospects. Retail traders are also piling in, boosting volume and social media engagement, a vital factor in meme coin momentum.
While short-term volatility is inevitable, all signs point to a favorable outlook for PEPE in the near future. With growing open interest, whale participation, and strong technical support, Pepe Coin appears well-positioned for another leg up—provided bulls can break through current resistance.
As always in the world of meme coins, caution is warranted. But for now, the bulls are firmly at the helm.
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