Key Insights :
- Trading volume on Pepe coin surged 75% in 24 hours, signaling rising investor activity.
- Short liquidations exceeded $9M in May, fueling PEPE’s bullish momentum.
- PEPE holds above the $0.000015 breakout level, targeting resistance near $0.000018.
The market performance of Pepe coin is attracting significant trader interest. Bullish momentum is growing in both spot and derivatives markets. The token is holding key breakout levels and remains strong above resistance zones.
Traders are watching to see if PEPE can reach $0.000018. Trading volume is rising sharply. Liquidations are spiking, showing increased speculative activity. There is potential for short-term price acceleration.
Pepe Price Action Holds Above Key Breakout Zone
Pepe coin recently broke above the $0.00001500 level, turning former resistance into a potential support area. This move followed a period of consolidation near $0.00000850 and a breakout above $0.00001310.
The current price structure suggests bullish continuation, especially if the token can maintain support above $0.00001500. On Binance, the PEPE/USDT pair shows a steady rise supported by consistent buy volume.
The price remains above the 20-day moving average, reflecting a strong trend. Technical traders are now watching for a clean breakout with volume to confirm momentum toward the $0.00001700 supply zone.
In past rallies, the area near $0.00001700 has seen heavy selling. If PEPE clears this level with intense buying pressure, the path toward $0.00001800 becomes more likely. Volume analysis and trend indicators will be critical in assessing whether the move can be sustained further.
Rising Volume and Derivatives Activity Drive Market Volatility
Data from Coinglass shows that PEPE’s derivatives activity increased in May. On May 9, short liquidations crossed $9 million as prices surged past key levels. This event marked one of the tokens’ most significant single-day liquidation events this month.
The trend shows that shorts have been consistently liquidated more than longs. As prices rose, many traders who bet against the move were forced to close positions. This short covering created additional buying pressure and helped fuel further upside.
Open interest across multiple exchanges has also climbed, indicating higher participation in leveraged trades. However, traders are warned to watch for volatility spikes. Sharp corrections can follow when leverage gets too high and risk management is not prioritized.
Market Metrics Support Ongoing Interest in PEPE
According to CoinMarketCap, PEPE’s market cap stands above $6.1 billion, placing it among the top-performing meme coins. The 24-hour trading volume is over $2.9 billion, reflecting active market participation.
This volume has risen by more than 75% in just one day, a metric often used to measure investor enthusiasm. The circulating supply is near its cap of 420.69 trillion tokens, with nearly 100% already in the market.
This limited supply condition can influence price volatility during intense demand periods. Pepe coin now has more than 436,000 token holders, showing expanding community support.
Technical indicators such as the Directional Movement Index (DMI) show bulls in control. The DI+ reading is far above the DI-, a pattern traders interpret as trend strength. So long as PEPE holds above key support, this indicator supports continued bullish behavior.
Traders Monitor Resistance Levels Ahead of $0.000018 Target
The price needs to break past $0.00001500 to reach $0.00001700. Strong and sustained buying will be key to overcoming resistance. If the price goes above $0.00001700, analysts believe the next primary goal for Bitcoin is $0.00001800.
A new high for the rally would give the market greater reason to believe in the market’s current advance. Traders study the market using candlesticks and search for stronger demand from buyers.
However, a temporary fall could happen if Pepe coin falls again after breaking through the high. There is significant support at $0.00001300, as that was where the price traded earlier.
Noticing how the price moves near this part of the chart will help determine the next trend. With high leverage, managers pay close attention to managing risks.