The post PEPE surges past 463K holders: Is a rally underway? appeared on BitcoinEthereumNews.com.

Key Takeaways PEPE forms a bullish cup-and-handle, with DMI showing strong buyer strength. Derivatives, network activity, and whale interest support breakout potential. Pepe [PEPE] has now exceeded 463,000 holders, highlighting a surge in user acquisition and retail enthusiasm. This significant milestone comes at a time when memecoins are regaining momentum across the Ethereum [ETH] ecosystem.  While the market remains cautiously optimistic, PEPE’s rising holder count reflects increasing faith in its long-term potential.  In between this on-chain growth, PEPE is trading around $0.00001252, gaining 1.68% in the past 24 hours, at the time of writing.  This uptick in holders suggests renewed retail participation, which often precedes speculative rallies and heightened volatility. Is a bullish breakout brewing? A clear cup-and-handle formation has emerged on PEPE’s daily chart, hinting at a potential bullish continuation. The handle is nearing completion, with price hovering just below the $0.00001580 resistance zone.  If this neckline breaks, a rally toward $0.000030 could follow. The Directional Movement Index supports the bullish case, with +DI at 35.3 well above -DI at 12.7, indicating strong buyer dominance.  Meanwhile, the ADX sits at 23.0, signaling a developing trend that still has room to strengthen. Therefore, a confirmed breakout could trigger accelerated upside momentum. Source: TradingView How confident are PEPE traders? The derivatives market shows growing bullish conviction. Volume has surged by over 60%, reaching $3.67B, while Open Interest climbed 8.20% to $705.27M. These metrics confirm rising speculative demand, as traders bet on further upside.  In addition, the OI-Weighted Funding Rate remained positive at 0.0107%, indicating that long positions dominated sentiment.  This persistent positive rate shows that bulls are willing to pay a premium to hold positions, aligning with the bullish chart pattern.  Overall, PEPE’s Futures activity reflects heightened trader optimism and commitment to upward price movement. Source: CoinGlass User activity and whale…

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Filed under: News - @ July 15, 2025 4:26 am