Key notes
- Pepe’s open interest jumped 6.6% to $ 434 million, reflecting an increased traditional activity.
- Pepe formed a model of bullish candle and stars, breaking the level of fibonacci from 23.60% to $ 0.00,000823.
- The Supertrend indicator and the MACD suggest a sustained optimistic momentum, although not breaking the neck could lead to a withdrawal at $ 0.00,00075.
Pepe
Pepper
$ 0.00,0009
24h volatility:
1.5%
COURTIC CAPESSION:
$ 3.71 B
Flight. 24 hours:
$ 591.98 million
Price has implemented a high increase of 10% today in the largest resumption of the cryptography market, negotiating $ 0.00,000869 with its market capitalization at 3.75 billion dollars.
Today’s rally is accompanied by the overall increase in the same sector, and Dogecoin
DOGE
$ 0.18
24h volatility:
5.1%
COURTIC CAPESSION:
$ 27.07 B
Flight. 24 hours:
$ 1.05 B
Shiba Inu
Salogner
$ 0.000014
24h volatility:
2.3%
COURTIC CAPESSION:
$ 8.04 B
Flight. 24 hours:
$ 173.43 M
And other peers are gains from 5 to 10%. In addition, a massive activity of the Pepe whales could lead to a later price action.
Pepe Coin Price Rally to continue in the middle of the whale activity
During the last week, a Pepe whale has intelligently developed the offer, accumulating nearly 2 Billions of Pepe on the free market. As of April 30, a cryptocurrency with $ 147 million in assets withdrew pepe coins from 1.5 t from Crypto Exchange Binance. Earlier in the day, the same whale entity withdrew € 500 billion from Binance.
This whale has just bought 500B $ Pepe($ 4.36 million) again and currently holds 2T $ Pepe($ 17.42 million). pic.twitter.com/sx7hoqkckg
– Lookonchain (@lookonchain) May 8, 2025
In addition, quince data that Pepe’s open interest increased by 6.6% to more than $ 434 million, referring to a high interest in trader for the memes piece. In addition, in the middle of the PEPE prices of today, the liquidations 24 hours a day climbed to $ 1.57 million, including 1.45 million dollars in short liquidations.
An overview of the technical graphic model
The Pepe Coin graphic forms a engulfing candle and completes a morning star model, a classic indicator of the potential trend reversal. PEPE has exceeded the level of Fibonacci retracement from 23.60% to $ 0.00000823 and is now considering key resistance at $ 0.00,00090.
In addition, the evolutionary trend reveals the formation of a cup and handle motif, signaling the potential of the increase more in the price trajectory of the memes piece.
Pepe price graphic | Source: tradingView
A daily candlestick confirmed near the neck will validate the escape of the cup and handle motif, potentially leading Pepe to a price target of $ 0.00000,1465, aligning with the level of fibonacci of 61.80%.
Trading above $ 0.0000075, Pepe maintains a bullish perspective as indicated by the Supertend indicator.
Meanwhile, the MacD and Signal lines suggest an imminent crossing, signaling a resurgence of the bullish impetus. Conversely, if Pepe fails to break above the neck, it can face another decline, potentially restoring the level of support to $ 0.0000075.
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Bhushan is a fintech enthusiast and has a good flair in understanding the financial markets. Its interest in the economy and finance draws its attention to the new technology of emerging blockchain and the markets of cryptocurrencies. He is permanently in a learning process and motivates himself to share his acquired knowledge. In free time, he reads fiction novels to thriller and sometimes explores his culinary skills.
