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Pepe Coin price rare pattern points to a 150% jump as key metric rises

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Pepe Coin price

Pepe Coin price retreated this week, moving from the weekend high of $0.000005030 to the current $0.000004325.

Summary

  • Pepe Coin price has formed a giant double-bottom pattern on the daily chart.
  • This pattern points to a 150% surge to $0.00001080.
  • Pepe’s futures open interest and volume have held steady this week.

The Pepe (PEPE) token remains well above its year-to-date low of $0.0000031, giving it a market capitalization of over $1.78 billion.

The ongoing consolidation is due to the crypto market’s price action, with Bitcoin and most altcoins remaining in a tight range.

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However, on the positive side, there are signs that Pepe may be on the cusp of a strong bullish breakout, potentially to the year-to-date high of $0.000072.

Data compiled by CoinGlass show that futures open interest has continued to rise over the past few days, a sign of increased demand among traders betting on a potential rebound.

The futures open interest rose to $262 million, well above the year-to-date low of $200 million. Similarly, Pepe’s daily volume has bounced back from its lowest level this month. It stood at $435 million on Wednesday, much higher than the year-to-date low of $436 million.

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Pepe’s volume was much higher than that of other top meme coins. For example, Shiba Inu had a daily volume of $114 million, while Official Trump had $152 million. The elevated volume is also a sign of demand among whale investors.

Pepe Coin price has formed a double-bottom pattern 

Pepe Coin price
Pepe price chart | Source: crypto.news

The daily chart shows that Pepe has been in a strong downward trend since 2025 as demand for meme coins waned and most altcoins tumbled.

On the positive side, it has formed a large double-bottom pattern at $0.0000036, its lowest level in December last year and this month.

A double-bottom pattern consists of two low swings and a neckline, which in this case is at $0.0000072. The profit target is determined by first measuring the distance between the neckline and the lower side. 

After that, one measures the same distance from the neckline. In this case, Pepe will likely rally to $0.000p1082, up 150% from the current level.

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The bullish Pepe Coin price forecast will become invalid if it drops below the double-bottom level at $0.0000036.

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Crypto World

Will Bitcoin End Its Sideways Move Below $70K With This Setup?

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Cryptocurrencies, Bitcoin Price, Bitcoin Analysis, Markets, Cryptocurrency Exchange, Derivatives, Financial Derivatives, Bitcoin Futures, Price Analysis, Market Analysis, Liquidity

Bitcoin (BTC) trades in a tight $65,000–$70,000 range on Wednesday, a structure that has held for the past two weeks.

The lower time frames show a bullish divergence, signaling fading short-term selling pressure, while futures data indicate fresh long positions opened from $66,000.

Analysts say the compression may precede a breakout attempt, with liquidity clusters below $66,000 and above $71,000 being the zones that may define the next directional move.

Bitcoin’s bullish divergence rests near a support level

On the one-hour chart, Bitcoin is forming a descending channel similar to last week’s structure that preceded a move toward $70,000. Within this channel, a clear bullish divergence has developed in the relative strength index indicator (RSI).

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A bullish divergence occurs when the price makes lower lows or equal lows while the RSI prints higher lows. This sequence suggests that selling pressure is losing strength on the shorter time frame.

A sustained break above $68,000 may confirm momentum, leading to a price rally toward the external liquidity and resistance level above $71,500. 

Cryptocurrencies, Bitcoin Price, Bitcoin Analysis, Markets, Cryptocurrency Exchange, Derivatives, Financial Derivatives, Bitcoin Futures, Price Analysis, Market Analysis, Liquidity
Bitcoin one-hour chart. Source: Cointelegraph/TradingView

The invalidation level sits below $66,000, where internal liquidity is present near the $65,000. A breakdown beneath that region invalidates the divergence setup and shifts focus to the higher-time-frame support range between $62,000 and $60,000.

Derivatives data shows aggregated open interest has climbed 3% to $15.50 billion from $15.10 billion over the past two days, even as the price drifted lower.

The aggregated funding rate has ticked higher to 0.046%, suggesting a growing long exposure from futures traders. 

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Since Feb. 15, roughly $250 million in aggregated long liquidations have occurred, forcing leveraged positions to close below $67,000. These long-side sell-offs reduce excess leverage, which may stabilize price and create better conditions for an uptrend once traders re-engage in the market. 

Cryptocurrencies, Bitcoin Price, Bitcoin Analysis, Markets, Cryptocurrency Exchange, Derivatives, Financial Derivatives, Bitcoin Futures, Price Analysis, Market Analysis, Liquidity
BTC price, aggregated open interest, funding rate, and liquidations. Source: Velo data

Related: Bitcoin’s tech stock divergence is a ‘fire alarm’ for fiat: Arthur Hayes

Futures momentum and macro positioning

Crypto analyst Amr Taha noted a sharp drop in Binance Bitcoin futures power 30-day change, which tracks the net change in price, funding, and open interest. The index fell to -0.18, matching levels last seen between April and May 2024.

Cryptocurrencies, Bitcoin Price, Bitcoin Analysis, Markets, Cryptocurrency Exchange, Derivatives, Financial Derivatives, Bitcoin Futures, Price Analysis, Market Analysis, Liquidity
Binance Bitcoin Futures Power 30D Change. Source: CryptoQuant

Taha said that this may mark a turning point for BTC, as similar deep negative readings between April and May 2024 led to a strong rebound that pushed Bitcoin above the $100,000 level, once the index turned positive in the latter half of 2024. 

Meanwhile, crypto analyst Dom said that the spot order books show thin liquidity between $66,000 and $69,000, describing the current activity as neutral, with BTC’s price compressing ahead of a breakout attempt. 

Liquidity heatmaps shared by BTC trader Daan show dense liquidity clusters below $66,000 and above $71,000, pointing to areas where stop orders and resting positions are likely concentrated.

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Cryptocurrencies, Bitcoin Price, Bitcoin Analysis, Markets, Cryptocurrency Exchange, Derivatives, Financial Derivatives, Bitcoin Futures, Price Analysis, Market Analysis, Liquidity
BTC liquidity heatmap. Source: Daan Crypto Trades/X

Related: Bitcoin 2024 buyers steady BTC price as trader sees $52K ‘next week or so’