Market Cap: $3.2495T 2.580%
Volume(24h): $110.7413B -18.530%
  • Market Cap: $3.2495T 2.580%
  • Volume(24h): $110.7413B -18.530%
  • Fear & Greed Index:
  • Market Cap: $3.2495T 2.580%
Cryptos
Topics
Cryptospedia
News
CryptosTopics
Videos
Top News
Cryptos
Topics
Cryptospedia
News
CryptosTopics
Videos
bitcoin
bitcoin

$104654.464793 USD

2.47%

ethereum
ethereum

$2482.196122 USD

1.96%

tether
tether

$1.000892 USD

0.06%

xrp
xrp

$2.172204 USD

3.01%

bnb
bnb

$645.665986 USD

1.55%

solana
solana

$148.547704 USD

1.62%

usd-coin
usd-coin

$0.999890 USD

0.00%

dogecoin
dogecoin

$0.181008 USD

5.22%

tron
tron

$0.278244 USD

0.72%

cardano
cardano

$0.658362 USD

4.58%

hyperliquid
hyperliquid

$33.402451 USD

-1.57%

sui
sui

$3.243792 USD

9.23%

chainlink
chainlink

$13.703476 USD

4.93%

avalanche
avalanche

$19.876159 USD

5.04%

unus-sed-leo
unus-sed-leo

$8.988912 USD

2.86%

Cryptocurrency News Articles

Pepe (PEPE), the frog-themed meme coin, has surged over 10%

May 12, 2025 at 08:41 pm

Pepe (PEPE), the frog-themed meme coin, has surged over 10%, becoming one of the fastest-growing tokens in early May.

Pepe (PEPE), the frog-themed meme coin, has surged over 10%

Pepe (PEPE) price rose ten percent on Monday morning as the meme coin continues to rally.

The breakout followed a decisive move above the 100-day Exponential Moving Average (EMA) on Thursday.

Since then, the rally has intensified, driven by new futures activity. CoinGlass data shows that open interest in PEPE futures rose from $398 million on Thursday to a record $672.65 million on Monday, signaling rising capital inflows and aggressive new buying positions.

Pepe price chart

At the time of writing, at 01:04 ET (05:04 GMT), PEPE traded at $0.00001453, up 10%.

The sharp increase in open interest and price action suggests strong speculative interest, especially as the coin inches closer to its next resistance zone near $0.000016.

Market analysts will be watching closely to see if this level is breached this week, potentially opening the way for a move toward the 2024 high.

Long-to-short ratio hits 0.97, suggesting bullish bias

According to CoinGlass, the long-to-short ratio for Pepe futures currently stands at 0.97 – the highest reading in over a month.

A value above 1 generally indicates that more traders are taking long positions, expecting prices to rise.

This renewed optimism has been supported by consistent technical breakouts and heightened retail engagement, particularly among short-term momentum traders.

The increased leverage suggests that traders are anticipating a breakout toward the January 18 peak of $0.00021.

Whether the rally sustains or not will largely depend on broader market cues, risk appetite, and potential resistance near the $0.000016 level.

RSI over 85 points to overbought conditions

The Relative Strength Index (RSI) for PEPE on the daily chart has moved above 85, a classic signal of overbought territory.

While this can sometimes foreshadow a near-term correction, it can also signal strong bullish momentum in trending markets.

Traders have historically used overbought RSI levels to spot turning points or trend continuations, and Pepe appears to be approaching such a zone now.

The sharp increase in open interest and price action suggests strong speculative interest, especially as the coin inches closer to its next resistance zone near $0.000016.

Market analysts will be watching closely to see if this level is breached this week, potentially opening the way for a move toward the 2024 high.

Key resistance levels to watch this week

With PEPE’s current price momentum, traders are eyeing the $0.000016 resistance.

A confirmed breakout above this level could open the path for a move toward $0.000021 – the coin’s highest level in 2024 so far.

If this target is met, it would mark a 110 percent gain from last week’s breakout point.

However, if the market rejects this level, PEPE could drop back to test support at $0.000013.

The next major downside target below that sits near $0.000009, which aligns with the 100-day EMA and would represent a full retracement of the recent rally.

Regardless of the direction, PEPE’s sharp move and rising futures activity suggest that the token has become a key short-term focus in the meme coin segment.

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!

If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.

Other articles published on Jun 07, 2025