Pepe (Pepe), the third popular and global piece of memes, seems to recover his level of crucial support, which he lost during the recent drop in prices. Today, on March 12, 2025, the global cryptocurrency market is recovered. In the midst of this, Pepe recorded a significant rally of 13% and recovers its level of crucial support of $ 0.00,00063.
PEPE Technical analysis and future levels
According to an expert technical analysis, PEPE is currently at a level with a history of price reversal and upward rallies. Based on the action of recent prices and historic models, if the same part holds the level of $ 0.00,00062, it could rise by 60% to 0.000010 $ in the coming days.
However, the same part is still below the exponential mobile average (EMA) on the daily time, indicating that it remains in a downward trend.
Current price momen
Pepe is currently negotiating nearly $ 0.00,000,635, winning 13% in the last 24 hours. Meanwhile, its negotiation volume increased by 15% during the same period, indicating increased participation of merchants and investors compared to the day before.
The merchants are over-designed positions
With a bullish perspective, traders have increased their positions in the past 24 hours. The data from the Coinglass chain analysis company reveal that Pepe’s open interest has climbed 24% during the same period, indicating an increase in interest of bull -in -laws and the formation of new open positions.
Currently, the traders are over-discussed at $ 0.00,00061 on the lower side and $ 0.00,00065 on the upper side. They built $ 2.85 million in long positions and $ 1.26 million in exposed positions in the last 24 hours.
However, these over-exposed positions will be liquidated once the price will move in both directions. In addition, the data show that Paris traders on the long side are considerably more numerous than those who bet on the short side.
