PEPE’s Price: The Frog That Might Just Leap to Riches 🐸💰

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  • 63.02% of the so-called “top traders” on Binance are betting their lunch money on PEPE. Brave souls, aren’t they?
  • $5.17 million worth of PEPE decided to take a vacation from exchanges. Must be nice.

In a world where market sentiment wobbles like a drunk on a tightrope, Pepe [PEPE], the third-largest memecoin, is strutting around like it owns the place. Bullish? You bet. Ready to leap? Maybe. Or maybe it’s just another frog in the crypto pond, croaking louder than the rest.

This optimism isn’t just hot air. It’s backed by price action that’s stronger than a farmer’s handshake and on-chain metrics that nod in agreement like a wise old oak. Together, they’re whispering sweet nothings about PEPE’s future.

At press time, the memecoin was lounging near $0.00000745, having gained a whopping 1.20% in the past 24 hours. But don’t get too excited—traders and investors are sitting on their hands, watching the show from the sidelines. This hesitation has turned trading volume into a ghost town, down by 15% in the same period.

PEPE’s Price Action: The Frog’s Dance

According to AMBCrypto’s crystal ball, PEPE seems to be forming a bullish double-bottom pattern on the daily chart. Fancy, huh? It also recently broke free from a descending trendline that had been holding it back since late March 2025. Freedom tastes sweet, doesn’t it?

After the breakout, the memecoin hopped up over 10%, shrugging off hurdles and market uncertainty like a frog dodging a net. And guess what? PEPE’s price is still eyeing a 20% upside move in the coming days. Ribbit, ribbit.

If this momentum keeps up and PEPE closes its daily candle above the $0.0000091 level, the rally could stretch its legs even further, potentially reaching the next resistance level at $0.000014. That’s an 85% upside rally, folks. Not bad for a frog.

At the time of writing, PEPE was lounging below the 200-day Exponential Moving Average (EMA) on the daily chart. This technical indicator suggests the memecoin is in a downtrend and currently has the momentum of a sleepy sloth. But hey, even sloths climb trees eventually.

Adding to the bullish chatter, a crypto expert recently took to X (formerly Twitter) to remind everyone of PEPE’s glory days. In October 2024, PEPE surged over 100% after breaking out of a symmetrical triangle pattern. This time, the memecoin has escaped a descending channel pattern. The expert’s prediction? Another upward leap. Let’s hope it’s not just a hop.

$5.17 Million Worth of PEPE Says “Adios”

This bullish outlook gets a nod from trader and investor activity, as reported by the on-chain analytics firm Coinglass. Data from Spot Inflow/Outflows shows that exchanges have seen an outflow of $5.17 million worth of PEPE. That’s a lot of frogs leaving the pond. Such outflows can create buying pressure and fuel an upside rally. Or, you know, it could just be frogs looking for a better swamp.

63% of Traders Bet on the Frog

Here’s a fun fact: 63.02% of top traders on Binance, the world’s largest cryptocurrency exchange, are going long on PEPE. The rest? They’re holding short positions, probably waiting for the frog to trip. Data also shows that the memecoin’s Long/Short Ratio is at 1.70, indicating strong bullish sentiment among traders. Or maybe they just really like frogs.

When you mix these on-chain metrics with technical analysis, it looks like the bulls are back in town, and the short sellers are running out of steam. So, will PEPE leap to new heights or just croak in the corner? Only time will tell. 🐸

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2025-04-15 16:11