PEPE has seen a modest 2.2% bump in the past 24 hours, climbing to $0.00000683, alongside renewed interest in futures trading. The latest rally has sparked new discussions: could the meme coin be gearing up for another explosive move?
Open Interest and Trading Volume Surge
According to CoinGlass, PEPE’s contract volumes over the past three days averaged $241 million—an 18% increase. Total daily trading volumes reached nearly $600 million, highlighting a dramatic shift in market interest.
Holding Up Against Rivals
Compared to other meme coins, PEPE is showing unusual strength. While DOGE and SHIB suffered weekly losses, PEPE posted a modest 1.8% gain, strengthening its position among speculative assets.
Though the coin remains well below its ATH, technicals hint at a possible bullish breakout if conditions stay favorable.
Key Support Could Trigger New Rallies
Technical patterns show that after each major correction, PEPE tends to rally within two months. The current bounce from $0.00000580 mirrors prior setups that preceded multi-hundred-percent rallies.
With the RSI flattening and MACD signals turning positive, traders are watching closely. A break above recent highs could lead to another major move, although $1 remains a long-term target rather than a near-term reality.
