Pepe gains more than 28% after $2M in short positions liquidated and Solana expansion

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Pepe surges 28.36% today to $0.0000052

Highlights

Pepe experienced over $2 million in liquidated shorts, resulting in a short squeeze and increased buying activity.
Large holder accumulation persisted and Pepe's growth on the Solana network raised visibility and trading volumes.
PEPE/USD maintains bullish momentum with a projected five-day range of $0.00000427 to $0.00000613 and strong overbought signals from multiple indicators.

Short liquidations and Solana move heighten whale accumulation

Pepe saw a substantial increase in activity as more than $2 million in short positions were liquidated, creating a short squeeze that fueled additional buying. Net accumulation by large holders continued, and the project's expansion to the Solana network contributed to heightened visibility. Trading volumes and market attention remain strong, establishing Pepe as a recent top performer among meme cryptocurrencies.

Anton Kharitonov, expert at Traders Union, points to a classic short squeeze driving Pepe’s latest surge. He cautions that persistent overbought signals — including a highly elevated RSI and extreme CCI — suggest speculative excess. Kharitonov notes that such rallies fueled by liquidations and news hype often reverse quickly, especially as volatility remains high and underlying fundamentals are weak. He remains skeptical of sustained upside, given low support below $0.00000515. "Traders should be wary of chasing extended moves as sharp retracements are likely when the hype unwinds," he says.

Viktoras Karapetjanc, expert at Traders Union, sees Pepe’s technical strength complemented by bullish sentiment and network expansion. He highlights robust net accumulation by large holders and positive momentum on all key indicators. High trading volumes and growing market attention reinforce an optimistic outlook, particularly as PEPE maintains its position above major moving averages. "The bullish structure remains intact — further growth is expected if PEPE/USD decisively clears $0.00000613," Karapetjanc asserts.

Sholanke Dele, market strategist, takes a cautious stance in light of the current rally. He believes intraday volatility at 8.33% and ongoing speculative pressure can expose PEPE to abrupt reversals. Dele points out that meme asset rallies often fade once forced liquidations subside. "This kind of sharp move is unsustainable — I would exercise patience before entering new positions," he advises.

Sustained bullish momentum as overbought signals cluster near highs

PEPE/USD is trading above its 20-day, 50-day, and 200-day moving averages ($0.000003633, $0.000003371, and $0.000003301, respectively), reflecting sustained bullish momentum across all primary time frames. The immediate resistance is at $0.00000613, with support at $0.00000515. Additional confirmation of the prevailing trend comes from the Ichimoku Kijun line. Momentum indicators remain elevated: MACD and ADX display strong positive readings, while RSI at 75.43, Stochastic RSI at 100, and CCI at 334.25 all point to overbought conditions. Bull/Bear Power (BBP) is positive at $0.000001322, and the Awesome Oscillator issues a buy signal. PEPE/USD is currently trading near session highs after opening with a 20% upside gap, and intraday volatility is measured at 8.33%, with persistent buying pressure present throughout the session.

Earlier, analysts noted that Pepe was exhibiting sustained bullish momentum and strong accumulation, supported by increased trading activity and technical strength. The latest rally, driven by a significant short squeeze and reinforced by persistent buy-side interest, introduces elevated volatility, making the $0.00000613 resistance level a key threshold for traders to monitor in the near term.

Source of Data: PEPE Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

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