What's behind Pepe's latest 10.1% price surge?

Traders Union
All News
Crypto
Pepe surges 10.05% today on momentum

Highlights

Pepe saw $1.25 million in short liquidations with limited long liquidations, indicating strong buying interest across major exchanges.
A wallet connected to Justin Sun moved 7.2 trillion PEPE as trendline breakouts and elevated on-chain activity drew market attention.
PEPE/USD trades within a bullish trend above all key moving averages, with forecast range at $0.00000432 to $0.00000545 and upward move probability above 80%.

Short liquidations drive buying as major wallet activity raises attention

Pepe saw $1.25 million in short liquidations across major exchanges, with minimal long liquidations, pointing to intense buying pressure. A wallet linked to Justin Sun transferred 7.2 trillion PEPE, capturing attention amid continued on-chain activity and trendline breakouts. Previous filings for a spot PEPE ETF on May 25 led to a 4.5% drop, though no product or regulatory approval currently exists.

Anton Kharitonov, expert at Traders Union, views PEPE’s recent surge with caution. He notes the heavy reliance on short liquidations and wallet transfers, which may not provide sustained support. The overbought technical signals raise concerns about the durability of the move. Trend momentum is fragile and could reverse if buyers lose conviction. "I remain skeptical as these rallies are often followed by sharp corrections when speculative interest fades."

Viktoras Karapetjanc, expert at Traders Union, sees clear reasons for optimism in PEPE. He highlights persistent buying pressure catalyzed by both liquidations and strategic wallet activity. The bullish structure remains intact above all major moving averages. Regulatory headlines have not dampened momentum, and further growth is expected. "Market conditions favor bulls — I expect continued advances and new opportunities for entry on shallow pullbacks."

Jainam Mehta, market strategist, points to the ongoing bullish trend but urges tactical awareness. Technicals suggest a possible breakout if $0.00000545 is cleared. However, overbought momentum may invite short-lived pullbacks or range consolidation. "A contrarian trade may emerge if sentiment reverses quickly, so capital protection is key at these levels."

Bullish structure holds above support as oscillators flag overbought risks

PEPE/USD is trading above all key moving averages, with the current price at $0.000005 holding above the MA-20 at $0.000004158, MA-50 at $0.000003979, and MA-200 at $0.000003423. This alignment confirms the short-, medium-, and long-term bullish trend structure, supported by a bullish MA-50 vs MA-200 alignment, with support now confirmed far below and the next resistance at $0.00000545 and nearest floor at $0.00000467. Momentum readings are mixed: Moving Average Convergence Divergence (MACD) signals a buy, but the Average Directional Index (ADX) is neutral, pointing to a moderate trend. The Relative Strength Index (RSI) at 60.88 leans bullish, with the Stochastic RSI and Commodity Channel Index (CCI) both signaling overbought conditions. Bull/Bear Power (BBP) is positive, confirming strong buyer dominance intraday, though overbought alerts persist. The session opened with an upside gap of approximately 9.52% and $0.0000004, with price now near the high of today's narrow intraday range and volatility at 2.22%. Intraday tone remains strong toward the highs, although some oscillators warn of potential fatigue amid bullish momentum.

Earlier, analysts noted that Pepe’s bullish momentum was supported by persistent buying interest and strength above key moving averages. The latest surge in short liquidations and on-chain wallet activity further reinforces the upward bias, with the primary risk now centered on a potential downside move should price breach the $0.00000467 floor.

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

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.