{"id":52269,"date":"2025-05-12T13:13:57","date_gmt":"2025-05-12T13:13:57","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/meme-coin-mania-returns-as-pepe-hits-0-00001453-and-open-interest-explodes\/"},"modified":"2025-05-12T13:13:57","modified_gmt":"2025-05-12T13:13:57","slug":"meme-coin-mania-returns-as-pepe-hits-0-00001453-and-open-interest-explodes","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/meme-coin-mania-returns-as-pepe-hits-0-00001453-and-open-interest-explodes\/","title":{"rendered":"Meme coin mania returns as Pepe hits $0.00001453 and open interest explodes"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div data-site=\"CoinJournal\">\n<div class=\"-mt-16  mb-8  lg:-mt-20  rounded-md  shadow-md\">\n<div class=\"relative  z-10  post-article-image  rounded  overflow-hidden\" data-site=\"CoinJournal\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/05\/image-40-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/05\/image-40-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/05\/image-40-smartcrop-750x375.png\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/05\/image-40-smartcrop-363x181.png\" type=\"image\/jpeg\"\/>\n<\/picture>                            <\/div>\n<\/p><\/div>\n<ul>\n<li>RSI above 85 signals strong momentum despite overbought warning.<\/li>\n<li>Support holds at $0.000013; resistance lies ahead at $0.000016.<\/li>\n<li>The next target is January 18 high of $0.000021 if the rally continues.<\/li>\n<\/ul>\n<p>Pepe (PEPE), the frog-themed meme coin, has surged over 10%, becoming one of the fastest-growing tokens in early May.<\/p>\n<p>The breakout followed a decisive move above the 100-day Exponential Moving Average (EMA) on Thursday.<\/p>\n<p>Since then, the rally has intensified, driven by new futures activity. <a href=\"https:\/\/www.coinglass.com\/currencies\/PEPE\">CoinGlass data<\/a> shows that open interest in PEPE futures rose from $398 million on Thursday to a record $672.65 million on Monday, signaling rising capital inflows and aggressive new buying positions.<\/p>\n<h2>Pepe current price<\/h2>\n<p>At the time of writing on Monday, PEPE is trading at $0.00001453, up 10% on the day.<\/p>\n<p>The sharp increase in open interest and price action suggests strong speculative interest, especially as the coin inches closer to its next resistance zone near $0.000016.<\/p>\n<p><img loading=\"lazy\" fetchpriority=\"high\" decoding=\"async\" data-source=\"CoinJournal\" class=\"alignnone size-full wp-image-307200\" src=\"https:\/\/coinjournal.net\/wp-content\/uploads\/2025\/05\/pepe.jpg\" alt=\"Pepe price jumps 70% in a week as open interest hits $595 million \" width=\"1527\" height=\"568\"\/><\/p>\n<p>Market analysts will be watching closely to see if this level is breached this week, potentially opening the way for a move toward the 2024 high.<\/p>\n<h2 class=\"\" data-start=\"1042\" data-end=\"1099\">Long-to-short ratio hits 0.97, suggesting bullish bias<\/h2>\n<p class=\"\" data-start=\"1101\" data-end=\"1493\"><a href=\"https:\/\/www.coinglass.com\/currencies\/PEPE\">According to CoinGlass<\/a>, the long-to-short ratio for Pepe futures currently stands at 0.97 \u2014 the highest reading in over a month.<\/p>\n<p class=\"\" data-start=\"1101\" data-end=\"1493\">A value above 1 generally indicates that more traders are taking long positions, expecting prices to rise.<\/p>\n<p class=\"\" data-start=\"1101\" data-end=\"1493\">This renewed optimism has been supported by consistent technical breakouts and heightened retail engagement, particularly among short-term momentum traders.<\/p>\n<p class=\"\" data-start=\"1495\" data-end=\"1753\">The increased leverage suggests that traders are anticipating a breakout toward the January 18 peak of $0.000021.<\/p>\n<p class=\"\" data-start=\"1495\" data-end=\"1753\">Whether the rally sustains or not will largely depend on broader market cues, risk appetite, and potential resistance near the $0.000016 level.<\/p>\n<h2 class=\"\" data-start=\"1755\" data-end=\"1801\">RSI over 85 points to overbought conditions<\/h2>\n<p class=\"\" data-start=\"1803\" data-end=\"2202\"><a href=\"https:\/\/in.tradingview.com\/symbols\/PEPEUSD\/technicals\/\">The Relative Strength Index (RSI)<\/a> for PEPE on the daily chart has moved above 85, a classic signal of overbought territory.<\/p>\n<p class=\"\" data-start=\"1803\" data-end=\"2202\">While this can sometimes foreshadow a near-term correction, it can also signal strong bullish momentum in trending markets.<\/p>\n<p class=\"\" data-start=\"1803\" data-end=\"2202\">Traders have historically used overbought RSI levels to spot turning points or trend continuations, and Pepe appears to be approaching such a zone now.<\/p>\n<p>The sharp increase in open interest and price action suggests strong speculative interest, especially as the coin inches closer to its next resistance zone near $0.000016.<\/p>\n<p>Market analysts will be watching closely to see if this level is breached this week, potentially opening the way for a move toward the 2024 high.<\/p>\n<h2 class=\"\" data-start=\"2551\" data-end=\"2594\">Key resistance levels to watch this week<\/h2>\n<p class=\"\" data-start=\"2596\" data-end=\"2887\">With PEPE\u2019s current price momentum, traders are eyeing the $0.000016 resistance.<\/p>\n<p class=\"\" data-start=\"2596\" data-end=\"2887\">A confirmed breakout above this level could open the path for a move toward $0.000021 \u2014 the coin\u2019s highest level in 2024 so far.<\/p>\n<p class=\"\" data-start=\"2596\" data-end=\"2887\">If this target is met, it would mark a 110% gain from last week\u2019s breakout point.<\/p>\n<p class=\"\" data-start=\"2889\" data-end=\"3139\">However, if the market rejects this level, PEPE could drop back to test support at $0.000013.<\/p>\n<p class=\"\" data-start=\"2889\" data-end=\"3139\">The next major downside target below that sits near $0.000009, which aligns with the 100-day EMA and would represent a full retracement of the recent rally.<\/p>\n<p class=\"\" data-start=\"3141\" data-end=\"3433\">Regardless of the direction, PEPE\u2019s sharp move and rising futures activity suggest that the token has become a key short-term focus in the meme coin segment.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/pepe-price-jumps-10-as-open-interest-hits-672-million\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) RSI above 85 signals strong momentum despite overbought warning. Support holds at $0.000013; resistance lies ahead at $0.000016. The next target is January 18 high of $0.000021 if the rally continues. Pepe (PEPE), the frog-themed meme coin, has surged over 10%, [&hellip;]<\/p>\n","protected":false},"author":3947362361,"featured_media":52270,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/52269"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/3947362361"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=52269"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/52269\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/52270"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=52269"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=52269"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=52269"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}