PEPE Growing Open Interest Indicates Strong Market Sentiment
The open interest (OI) for PEPE has surged by 15% to $156 million within four hours. This significant increase suggests that a growing number of traders are opting for long positions in PEPE, highlighting an optimistic market outlook.
Can Pepe Rally Over $ 0.00002 This Week?With the significant price surge, Pepe’s resistance level is at $0.000013. If surpassed, the value could rise to $0.000015 and reach $0.00002. Increased bullish momentum might drive the meme coin to $0.00005
On the other hand, growing bearish pressure could drop Pepe price to a support level of $0.000012. The main support sits at $0.000011, with a stronger base at $0.00009.
The daily technical indicator for Pepe shows a bullish signal in the near term. The Moving Average Convergence Divergence (MACD) shows a bullish crossover with the signal line beneath the MACD line and the histogram moving into positive territory, suggesting increasing buying momentum. The Relative Strength Index (RSI), currently at 60, stays within the neutral zone but leans towards the overbought boundary.
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