Pepe recently reached an all-time high of $0.000025, aided by its Coinbase listing. However, it witnessed an 8% pullback in the last 24 hours due to a broader market correction.
Bullish sentiment around PEPE remains strong, indicating potential to reclaim its previous high despite the current dip. This positive sentiment is supported by the Elder-Ray Index, which highlights strength in buying pressure.
Coinbase's announcement and Robinhood's listing have driven interest, leading to significant trading activity. The rapid 75% intraday rally reflects strong demand for the meme coin.
PEPE's funding rate is positive, signaling a preference for long positions among futures traders. This positive funding rate suggests more buyers than sellers, implying continued bullish sentiment.
If the broader market improves, PEPE may overcome resistance at $0.000022, aiming to exceed its all-time high. Conversely, sustained selling pressure could push its price lower, potentially reducing it by 17% or more.
