PEPE Breaks Through Resistance, Signaling Bullish Momentum

The memecoin PEPE has surged past resistance levels, signaling a potential trend reversal as bullish indicators emerge. Its price currently stands around $0.0000073, and the coin is trading above both short- and long-term moving averages. This momentum has been driven by strong signs of investor confidence, including exchange outflows indicating a preference for holding PEPE in private wallets, while open interest in derivatives surged by 8.22% to $293.43 million. These indicators suggest that traders anticipate further price increases.