The next explosion of Pepe coin is coming.

Recently, Pepe currency has shown strong upward momentum, and the increase in open interest indicates the continuation of bullish sentiment in the market. Specifically:

Short term surge:

In the past seven days, the PEPE coin has increased by 12.6%, including a 10% increase in 24 hours, and is currently trading close to $0.00001189. This surge may be related to the upcoming launch of Ethereum ETF trading.

Key support levels are solid:

After a month of adjustment, PEPE currency is currently stable near the upper trend line of the ascending triangle.

The consolidation over the past 11 days has further consolidated support at $0.0000105, providing a solid foundation for future rebounds.

The long-term outlook is positive:

Technical analysis shows that the price pullback has formed a descending wedge, indicating that PEPE has 96% upside potential and may break out to a new all-time high of $0.00002096.

Additionally, PEPE price has broken above the 50-day simple moving average, providing investors with a clear bullish signal.

Market sentiment is high:

PEPE’s 24-hour trading volume surged 105%, showing strong investor interest in the currency. The long/short ratio increased significantly, reflecting the market's positive expectations for PEPE.

in conclusion:

Considering the current market sentiment and PEPE’s strong performance, potential positive news for Ethereum could further drive the price of Pepe Coin significantly higher. Therefore, investors can remain optimistic about its future trends.

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