PEPE Coin Stages Lazarus Rally—Technical Breakout Hints at 65% Upside

Memecoin’s death spiral reverses as bullish pattern triggers algorithmic buy signals. Traders who wrote obituaries last quarter now scramble for position.

Key levels to watch: The 0.0000085 ETH support held like a diamond-handed degenerate. Next resistance? A retest of the April 2025 all-time high would mean 65% gains from here—assuming the ’utility’ isn’t just another NFT monkey JPEG.

Cynical take: Wall Street analysts still can’t decide if this is a ’speculative asset’ or ’performance art mocking fiat currency.’ Meanwhile, PEPE’s 24hr volume surpasses half the S&P 500.

Pepe Price Chart Following the bullish turnaround, Pepe has surpassed the 38.20% Fibonacci retracement level at $0.0000133. The short-term recovery has gained momentum, pushing the 24-hour high to $0.000013933, just shy of the $0.000014 resistance level. The 50% Fibonacci level presents the next immediate resistance at $0.00001584. Meanwhile, the prevailing falling wedge breakout suggests a potential price surge toward the 78.60% Fibonacci level at $0.000021. The MACD and signal lines have formed a positive crossover, supporting this bullish outlook. Additionally, the supertrend indicator has flipped bullish, reinforcing the continuation of the trend. On the downside, the 23.60% Fibonacci level near the $0.000010 psychological support is crucial. A breakdown below this level would invalidate the bullish trend and could lead to a retest of the $0.000008832 support level. Leverage-Driven Rally to Boost PEPE Prices As the crypto market sees increased bullish activity in the derivatives space, Pepe has experienced a nearly 40% surge in open interest. According to Coinglass, PEPE’s OI now stands at $633 million. This spike has also pushed the funding rate up to 0.0105%.

Pepe Derivatives The rise in both open interest and funding rate reflects growing bullish sentiment. Supporting this, short liquidations in Pepe over the past 24 hours have neared $13 million. As Pepe bulls dominate the derivatives market, a leverage-driven rally could further fuel price momentum.