- PEPE Forms Golden Cross, Signals Bullish Trend
- Exchange Outflows Show Strong Holder Confidence
- Open Interest Rises, 53% of Traders Stay Long
Pepe Coin (PEPE) has recently gained momentum as bullish patterns and investor behavior suggest continued upside. With a price currently around $0.0000073, the memecoin has broken previous resistance levels while trading above both short- and long-term moving averages. Market participants are closely watching the next move as PEPE shows strong signs of trend reversal.
Pepe Golden Cross and Technical Indicators Support Bullish Setup
PEPE’s 9-day moving average has crossed above the 21-day average, forming a short-term golden cross. According to analysis prepared by AMBCrypto, this crossover indicates sustained buying pressure.
The 9-day MA stands at $0.0000072, while the 21-day MA is at $0.0000069. A potential golden cross on the daily chart is possible if the current trend continues.The Moving Average Convergence Divergence (MACD) has shown a bullish crossover, which is often used to confirm trend strength.
Data also shows PEPE’s price trading above the 200-day Simple Moving Average, which supports a positive longer-term outlook. If this price movement continues then $0.0000078 seems achievable as a future price level but the pattern expects resistance around $0.0000105.
Investor Activity and Derivatives Market Indicate Strength
According to data from CoinGlass, PEPE has recorded more exchange outflows than inflows for two straight days. This suggests that investors prefer to hold PEPE in private wallets, which often reflects a shift toward long-term holding.
Net negative flows are generally viewed as a sign of market confidence.Open interest in PEPE derivatives rose by 8.22% to $293.43 million, indicating increased trader participation. CoinGlass also reports that 53% of futures accounts are holding long positions.
This suggests that a majority of traders expect the price to continue rising. If bullish sentiment remains and demand zones hold, PEPE could move closer to a $10 billion market cap in the near term.
