Pepe Coin Soars 68% Riding Bitcoin’s $104K Breakout—Analysts Predict 80% More Gains
Meme coin mania is back with a vengeance as Pepe (PEPE) rockets 68% in 24 hours—piggybacking on Bitcoin’s violent surge past $104,000. Retail traders are piling in despite three Wall Street analysts warning of ’extreme overextension’ in crypto derivatives.
Technical indicators now suggest PEPE could rally another 80% if it holds above $0.000012. Of course, that’s assuming the ’greater fool theory’ holds and the SEC doesn’t crash the party with another surprise enforcement action.
Fun fact: This rally coincides perfectly with the 10-year anniversary of the original Pepe the Frog meme. Coincidence? Or proof that crypto markets still run on vibes and leverage? (Spoiler: It’s the leverage.)
PEPE Technical Analysis: Momentum Above Key Support
PEPE/USDT is above the $0.00001289 support zone where the 50-period EMA meets the ascending trendline. This confluence has been bullish in the past and PEPE’s bounce from here suggests bulls are still active. MACD is showing selling pressure easing and a crossover forming.
Entry Zone: $0.00001390-$0.00001410
Target 1: $0.00001450
Target 2: $0.00001540
Breakout Target: $0.00002209
Stop Loss: Below $0.00001280
A break above $0.00001450 WOULD confirm further upside. Below $0.00001280 would weaken the structure and bring $0.00001178 into play.
Pepecoin Price Chart – Source: TradingviewRecord Open Interest Behind the Rally
PEPE’s rally is backed by record Open Interest (OI) of $583 million. OI-weighted funding rate is at 0.0272%, showing strong longs.
However, rising liquidations (peaked at $5 million) indicate short-term volatility risk if PEPE fails to clear immediate resistance.
Will PEPE Hit $0.00002209?
Structure is still bullish and Bitcoin is leading the crypto market so PEPE should continue to go up. Watch $0.00001450 as the breakout level, could retest $0.00001540 and then $0.00002209 if everything goes well.
