Pepe (PEPE), the world’s third-largest meme coin, is gaining important consideration from the crypto group attributable to its spectacular upside momentum regardless of the continuing bearish market sentiment. On March 8, 2025, whereas high property like Bitcoin (BTC), Ethereum (ETH), and XRP are witnessing value declines, PEPE has defied the market pattern, registering a formidable 7.5% achieve prior to now 24 hours.
Present Value Momentum
With this spectacular upside momentum, PEPE is at the moment buying and selling close to $0.0000073. In the meantime, its buying and selling quantity has surged by 60% over the identical interval, indicating heightened anticipation from merchants and traders in comparison with yesterday.
PEPE Value Motion and Upcoming Ranges
This value surge has pushed the meme coin to the higher boundary of its consolidation vary, positioning it for a possible breakout. Based on CoinPedia’s technical evaluation, PEPE is buying and selling inside a slender zone between $0.0000064 and $0.00000738. Nonetheless, with at present’s value surge, the meme coin is on the verge of breaking out of this sample.
Primarily based on current value motion and historic momentum, if PEPE breaches this vary and closes a day by day candle above the $0.0000074 degree, there’s a robust risk that it may soar by 40%, reaching $0.0000105 within the coming days.
Regardless of the current value achieve, the asset remains to be buying and selling under the 200 Exponential Shifting Common (EMA) on the day by day timeframe, indicating that it stays in a downtrend.
Merchants Bullish Outlook
Information from the on-chain analytics agency Coinglass reveals that bulls are at the moment dominating the meme coin, as they appear to be strongly betting on the lengthy aspect. PEPE’s change liquidation map exhibits that $0.00000693 and $0.00000735 are key ranges the place merchants holding lengthy and quick positions are over-leveraged.
At present, they’ve $1.80 million price of lengthy positions and $615K price of quick positions. This information clearly showcases that bulls are robust and seem like supporting the meme coin’s continued upside momentum.