Pepe

PEPE

<p>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.&nbsp;</p>  
<h2 class="wp-block-heading" id="h-current-price-momentum"><strong>Current Price Momentum</strong></h2>  
<p>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.&nbsp;</p>  
<h2 class="wp-block-heading" id="h-pepe-technical-analysis-and-upcoming-levels"><strong>PEPE Technical Analysis and Upcoming Levels</strong></h2>  
<p>However, this significant price jump has shifted the overall sentiment for <a href="https://coinpedia.org/price-prediction/pepecoin-pepe-price-prediction/" rel="noopener noreferrer nofollow">PEPE</a>. According to CoinPedia’s technical analysis, the meme coin appears bullish. Additionally, it has breached a crucial resistance level of&nbsp; $0.00000875, which was the last hurdle PEPE faced following the breakout of the descending trendline earlier on September 23, 2024.</p>  
<figure class="wp-block-image size-large"><a href="https://image.coinpedia.org/wp-content/uploads/2024/09/26194200/PEPEUSDT_2024-09-26_19-41-43-1024x448.png" rel="noopener noreferrer nofollow"><img src="https://image.coinpedia.org/wp-content/uploads/2024/09/26194200/PEPEUSDT_2024-09-26_19-41-43-1024x448.png" alt="" class="wp-image-356083"></a>
 <figcaption class="wp-element-caption">
  Source: Trading View
 </figcaption>
</figure>  
<p>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.</p>  
<p>Additionally, the meme coin trades above the 200 Exponential Moving Average (EMA) on a daily timeframe, indicating an uptrend.&nbsp;</p>  
<h2 class="wp-block-heading" id="h-pepe-s-bullish-on-chain-metrics"><strong>PEPE’s Bullish On-chain Metrics</strong></h2>  
<p>This bullish thesis is further supported by the on-chain metrics. According to the on-chain analytics firm <a href="https://www.coinglass.com/currencies/PEPE" target="_blank" rel="noopener noreferrer nofollow">Coinglass</a>, PEPE’s Long/Short ratio currently stands at 1.066, the highest since August 2024. This ratio indicates strong bullish sentiment among traders.&nbsp;</p>  
<figure class="wp-block-image size-large"><a href="https://image.coinpedia.org/wp-content/uploads/2024/09/26194228/dndjfndff.png" rel="noopener noreferrer nofollow"><img src="https://image.coinpedia.org/wp-content/uploads/2024/09/26194228/dndjfndff-1024x260.png" alt="" class="wp-image-356084"></a>
 <figcaption class="wp-element-caption">
  Source: Coinglass
 </figcaption>
</figure>  
<p>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.&nbsp;</p>  
<p>When combining all these on-chain metrics, it appears that bulls are currently dominating the assets, which may help PEPE in its upcoming really.</p>

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