PEPE Primed for Takeoff: 2 Critical Signals Flash Bullish

Memecoin traders, brace—PEPE’s chart just lit up like a casino jackpot.

Two technical triggers suggest this frog might leap while Bitcoin shuffles sideways. No promises—this isn’t financial advice, just patterns even your dog could spot with a crayon.

Factor 1: The Whale Whisper

On-chain data shows accumulation at levels last seen before PEPE’s 300% April pump. Either insiders know something, or they’ve mistaken the chart for a Monopoly board.

Factor 2: The Squeeze Play

Funding rates flipped negative across derivatives markets—a classic setup for short sellers getting steamrolled. Nothing warms our hearts like hedge funds crying into their spreadsheets.

Could this actually play out? Maybe. Will it crash spectacularly if Bitcoin sneezes? Absolutely. Such is life in the memecoin mines—where ‘fundamentals’ mean which influencer hasn’t dumped their bag yet.

Source: IntoTheBlock

The timing of this whale accumulation is key. As the broader market sparks mixed signals, PEPE’s critical flag support levels seem to be holding strong.

The support level gave a strong rejection, as evident from the 4% daily surge at press time.

Open Interest adds to the bullish reversal case

Another strong bullish sign is the sudden spike in PEPE’s Open Interest. The metric reflects the total number of active Futures contracts and is often a proxy for market sentiment.

In PEPE’s case, the rising Open Interest suggests that the memecoin traders and investors alike are positioning for a significant price move, especially when coupled with increased whale transactions.

So, the convergence of on-chain interest and technical positioning is not something to be easily disregarded.

Source: CoinGlass

Liquidity clusters support the bullish bias

Positive liquidity data adds to Pepe bullish sentiments.

The memecoin’s heatmaps indicate concentrated liquidations of leverage clusters at higher price levels—suggesting short positions taken on leverage could get squeezed if price breaks above.

In most times, the clusters tend to act like magnets, pulling prices toward them as markets hunt for liquidity.

Source: CoinGlass

All together, a positive technical outlook, whale accumulation, and an Open Interest surge points to a potential bullish reversal for PEPE. 

A straightforward bounce from here could spark a powerful MOVE upwards—especially if sentiment keeps on trending higher.