Popular Memecoin Pepe gives a strong rise signal in the short term while attracting the trader again. When the chain data, technical indicators and volume increase are evaluated together, Pepe is on a critical breaking threshold. The 5 %latest price increase and 39 %transaction volume jump can only be the beginning of this rise. So if Pepe exceeds this resistance zone, can he start a new rally?

Pepe winks to rise with technical indicators

Pepe’s 4 -hour graph gives the footsteps of the rise with multiple Break of Structure (BOS) and Chang of Character (Choch). These signals show that the price reclaims strong support zones and tested $ 0.00000780 resistance. According to Blockchainballer, Technical Analysis Specialist, upward breaking this level may open the door to a strong price increase in the medium term for Pepe.

The instant price is traded around $ 0.00000762. The RSI (Relative Power Index) value is 50, ie there is still a purchase potential in the market. The short -term indicators, Macd and the moving averages produce a ‘Al’ signal, while the long -term averages still signal in the direction of ‘sell’. This shows that the bears are not fully surrendered in the market.

Derivative data shows the procurement pressure

According to CoNSS data, Pepe’s open positions (Open Interest) increased an increase of 8.47 %in the last 24 hours. At the same time, the funding rate of the OI-Agreement has turned into a positive. These data show that traders open a position with the expectation that the price will move upward. Especially in the Memecoin market, such trends can directly affect price movements.

In addition, Pepe’s long-part ratio is 1.41, ie the number of people in the market in the direction of Long (purchase) is quite high. This reveals that the expectation of the rise gains weight. However, due to the nature of the Memecoin market, high volatility can cause prices to rapidly change direction. So it is useful to be cautious.

Where can Pepe price go?

RSI is still in the neutral region, while Pepe has not reached the extreme purchase zone. This is still increasing the likelihood of new buyers in the market. If the price clearly breaks the resistance of $ 0.00000780, the next target according to analysts can be $ 0.00000850. This breaking can re -activate Memecoin investors.

The movement of the price at these levels will determine the short -term aspect of Pepe. Technical indicators positive; Speed ​​-up data is strong; Trader’s interest is increasing. When all these factors are combined, the possibility of a new rally for Pepe is getting stronger every hour.