PEPE Holds Gains Above Key Level as Bullish Momentum Builds

Pepe (PEPE) is holding steady above $0.00000370 on Wednesday after a strong 12% rise. This comes as the broader market recovers following eased US–Iran tensions. Data from derivatives shows renewed interest, with traders betting on further gains.

Retail demand is picking up again as the market shifts back toward risk-taking. Open Interest has risen to $213.43 million, an increase of over 17% in the past 24 hours, signaling more participation and leveraged positions entering the market. Meanwhile, the funding rate has turned positive at 0.0154%, and total liquidations hit $1.61 million, mainly from short positions. These factors suggest that bullish pressure is currently leading.

Looking at the technical side, PEPE appears stronger on the 4-hour chart after bouncing clearly from the support zone between 0.0000030 and 0.0000032. The price is now moving toward a key resistance area between 0.0000037 and 0.0000040, with higher lows indicating consistent buying interest.

This resistance zone is important. If PEPE breaks and closes above 0.0000040, it could pave the way toward 0.0000045. But if the price is rejected at this level, a retreat to around 0.0000032 seems likely. Momentum is building, but a clear breakout is needed to confirm the next move.

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