Pepe Coin Surg
es to 2025 High: What’s Fueling the Rally?
Pepe Coin (PEPE) continued its explosive upward momentum on Monday, reaching its highest price level since January. The meme coin soared to $0.00001535, marking a staggering 180% gain from its lowest point this year.
Trading Volume Skyrockets Past Rivals
The rally was fueled by an eye-popping surge in trading activity. Pepe’s 24-hour trading volume exceeded $3.2 billion, surpassing the combined volumes of major competitors like Shiba Inu (SHIB), Official Trump, and Bonk.
Futures Market Signals Investor Confidence
Investor enthusiasm wasn’t limited to spot markets. Open interest in Pepe futures hit a record-breaking $662 million, up from just $165 million in March. This surge highlights rising demand and confidence among derivative traders.
Ethereum Rally Provides a Boost
Pepe’s gains also followed a strong performance by Ethereum (ETH), which climbed from $1,387 to $2,500 in recent weeks. Since Pepe is an ERC-20 token, it often benefits when Ethereum experiences significant bullish momentum.
Global Trade Optimism Drives Market Sentiment
A broader macroeconomic catalyst is also at play. Investor optimism grew after the U.S. and China agreed to reduce tariffs, with the U.S. cutting its 145% levy on Chinese imports to 30%, and China dropping its tariffs on American goods to 10%. Ongoing talks between the U.S. and U.K. further fueled hopes for expanded global trade and eased inflation, potentially paving the way for Federal Reserve interest rate cuts.
Technical Patterns Suggest More Upside — But With Caution
From a technical standpoint, PEPE’s rally was well-anticipated. Analysts had highlighted a falling wedge pattern, typically a bullish signal, and a double-bottom formation around $0.0000057. The breakout above the neckline at $0.000009212 confirmed the reversal and continuation trend.
However, with the Relative Strength Index (RSI) now at 84, Pepe is clearly overbought. If a short-term pullback occurs, $0.000009212 will be a key level to watch. A dip to that point could still support a bullish "break-and-retest" continuation setup.
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Bottom Line: Pepe Coin is riding high on a combination of technical breakouts, macroeconomic optimism, and crypto market momentum. While a short-term correction is possible, the broader trend remains bullish — for now.
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