Pepe (Pepe), the world’s third largest meme-mint, receives a lot of attention from the crypto community because of the impressive upward momentum despite the continuous Bearish market sentiment. On March 8, 2025, while top assets such as Bitcoin (BTC), Ethereum (ETH) and XRP are witnesses of price decreases, Pepe Tart the Markt Trend, with an impressive win of 7.5% in the last 24 hours.
Current price momentum
With this impressive upward momentum, Pepe is currently near $ 0.0000073. In the meantime, the trade volume has increased by 60% for the same period, which indicates increased expectations of traders and investors compared to the previous day.
Pepe price promotion and upcoming levels
This price increase has pushed and positioned the meme coin to the upper limit of its consolidation range for a potential outbreak. According to the technical analysis of Coinpedia, Pepe acts within a narrow zone between $ 0.0000064 and $ 0.00000738. With today’s price increase, however, the meme coin is about to break out of this pattern.
Based on recent price action and historic momentum, if Pepe breaks this range and a daily candle closes above the level of $ 0.0000074, there is a strong possibility that it could rise by 40%and reach $ 0.0000105 in the coming days.
Despite the recent price win, it is still being actively traded under the 200 exponential advancing average (EMA) on the daily period of time, indicating that it remains in a downward trend.
Traders Bullish Outlook
Data from the on-chain analysis company Coinglass reveals that bulls are currently dominating the meme -coin because they seem to be gambling strongly on the long side. The Exchange Liquidatiekaart from Pepe shows that $ 0.00000693 and $ 0.00000735 are important levels where traders who contain long and short positions are used too much.
They currently have $ 1.80 million in long positions and $ 615K of short positions. This data clearly shows that bulls are strong and seem to support the constant upward momentum of the meme coin.
