Pepe (PEPE), the third world’s world, draws significant attention from the cryptographic community because of its impressive rise up despite the feeling of the current lower market. On March 8, 2025, while the best assets like Bitcoin (BTC), Ethereum (ETH) and XRP attended price reductions, Pepe challenged the market trend, recording an impressive 7.5% gain in the last 24 hours.
Current price momen
With this impressive rise up, Pepe is currently negotiating nearly $ 0.00,00073. Meanwhile, its negotiation volume jumped 60% over the same period, indicating increased anticipation of merchants and investors compared to the day before.
PEPE PRICE ACTION AND UP FOR COMMENTS
This price wave pushed the meme piece to the upper limit of its consolidation range, positioning it for potential break. According to Coinpedia’s technical analysis, Pepe is negotiated in a narrow area between $ 0.00,00064 and $ 0.00000738. However, with the overvoltage of today’s prices, the medal of the same is about to get out of this model.
Based on the action of recent prices and historical dynamics, if Pepe has infruted this fork and closes a daily candle above 0.0000074, there is a strong possibility that it can rise by 40%, reaching $ 0.0000105 in the coming days.
Despite the recent price gain, the asset is still negotiated below the exponential mobile average (EMA) on the daily time, indicating that it remains in a downward trend.
Optimistic perspectives traders
The data from the Coinglass chain analysis company reveal that the bulls are currently dominating the meter piece, because they seem to bet strongly on the long side. The Liquidation of PEPE exchanges shows that $ 0.00,000,693 and 0.00000735 are key levels where traders occupying long and short positions are over-deposed.
Currently, they have $ 1.80 million in long positions and $ 615,000 in short positions. These data clearly show that the bulls are strong and seem to support the upward momentum of the memes piece.
