- PEPE has surged over 9% in the past 24 hours, leading the top gainers list with more than $1 billion in trading volume.
- Analysts believe the rally could continue if accumulation persists, though caution that broader market shifts could still trigger short-term volatility.
Market analysts suggest this impressive surge could signal the start of a broader rally, supported by both spot accumulation and aggressive Futures trading. The 46% increase in volume accompanying the price rise is typically viewed as a strong bullish signal, suggesting that momentum may continue.
The Futures market is showing signs of deep-rooted optimism. Short traders recorded a loss of $2.55 million compared to just $708,000 for long traders, indicating strong upward pressure.
The long-to-short ratio currently stands at 1.06, affirming that over half of Futures traders are betting on further price increases. Additionally, the Open Interest-Weighted Funding Rate has stayed positive for three consecutive days, further underscoring bullish sentiment among derivative traders.
Spot traders have also played a critical role in PEPE’s rally. Data shows that long-term holders acquired $6 million worth of PEPE in the last 24 hours and transferred it into private wallets.
This behavior reflects growing confidence in the token’s potential and could lead to a supply squeeze. As more tokens move out of exchanges and into long-term storage, the available supply tightens—potentially driving prices even higher if demand persists.
Despite the excitement, some analysts are cautiously optimistic. While the short-term indicators remain bullish, the sustainability of the rally depends on continued accumulation and market-wide sentiment. Any shift in broader crypto trends or unexpected sell-offs could test the strength of PEPE’s current position.
PEPE’s recent performance suggests that its bull run is far from over—at least for now. With solid volume, strong support from both spot and Futures traders, and growing accumulation, the meme coin appears well-positioned to weather short-term volatility. However, investors should keep an eye on market dynamics and be prepared for potential corrections, as even the most explosive rallies can face shakeouts.
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