PEPE Price Prediction: Pepe Coin Eyes Breakout as Bullish Signals Strengthen
Key Insights:
- PEPE’s BOS and CHoCH confirmations indicate a potential bullish breakout ahead.
- Open Interest surged 8.47%, signaling rising trader optimism and accumulation.
- A breakout above $0.00000780 could push PEPE toward $0.00000850 in the mid-term.
PEPE price prediction: top meme coin is showing strong bullish signs, with multiple price structure confirmations pointing to an uptrend. The token surged 5.02% in the last 24 hours, accompanied by a 39.88% spike in trading volume, indicating growing investor confidence. However, market volatility remains a concern as PEPE hovers near key resistance.
PEPE Price Prediction: Bullish Structure Breaks Signal Uptrend
PEPE’s 4-hour chart shows multiple Break of Structure (BOS) and Change of Character (CHoCH) confirmations. These indicators suggest that the memecoin is attempting to reclaim key support zones while approaching the $0.00000780 resistance level.
If PEPE price successfully breaks above this level, analysts predict a mid-term rally toward $0.00000850. Meanwhile, the Relative Strength Index (RSI) sits at 50, reflecting neutral momentum and room for further buying pressure.
At its current position, PEPE price has demonstrated resilience by defending key support levels and maintaining its upward momentum. However, the meme coin market remains highly speculative, meaning rapid price swings are still possible.
Technical Indicators Show Mixed Signals
Short-term indicators, including the MACD (12,26) and moving averages, are flashing buy signals, hinting at bullish momentum. However, long-term moving averages remain bearish, suggesting that some downward pressure from sellers persists.
Despite the conflicting signals, growing demand in the short term could push PEPE toward a decisive breakout if market conditions remain favorable. The recent PEPE price prediction suggests bulls are accumulating, with buyers increasing their positions ahead of a potential breakout.
However, market participants remain cautious, as memecoins often experience sudden trend reversals. While PEPE price prediction momentum appears strong, a rejection at $0.00000780 could lead to a temporary pullback before another breakout attempt.
Derivatives Data Reveals Rising Optimism
According to Coinglass, PEPE’s Open Interest climbed 8.47% in the last 24 hours, reflecting increased trader participation. Additionally, the OI-weighted funding rate turned positive, confirming renewed optimism.
A long-short ratio of 1.41 further indicates that buyers currently dominate the market. However, due to the speculative nature of memecoins, price swings remain a risk.
Mean trading volume has been rising by almost 40% indicating that more and more people are willing to become involved and position themselves for higher volatility.
Can PEPE Price Break Resistance and Rally?
The confirmation to both BOS and CHoCH models of PEPE and its outstanding derivatives data support another rally. Its long-term structure remains more bullish but there are still secondary bearish motives present on the chart.
If PEPE price manages to climb above $0.00000780, there is a chance to see the mid-term target at $0.00000850. However, if the breakout attempt is unsuccessful, the top meme coin could dip lower in a retest of the resistance level.
However, given the PEPE price aspects of trading, there is a strong emphasis on risk management. Notably, factors such as trading volumes, resistance levels and market sentiment play critical roles in determining PEPE price prediction.
