Pepe Price Prediction: PEPE Bulls Face Resistance as Weakening Futures Flows Raise Correction Risks
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- PEPE holds above all four daily EMAs, but $0.00000552 resistance continues limiting gains.
- Open interest recovers to $42.16M, signaling renewed but subdued derivatives participation.
- Combined futures and spot outflows highlight weakening demand despite PEPE’s bullish structure.
Pepe (PEPE) continues to maintain a bullish daily structure, although weakening derivatives activity and persistent capital outflows threaten its recovery momentum. The memecoin trades around $0.000005297 after declining 1.51% over the past 24 hours. Besides, buyers continue defending the psychological $0.0000050 level despite repeated rejection near $0.00000552.
PEPE Bulls Defend Key Support as Resistance Approaches
PEPE maintains a constructive technical outlook despite its latest pullback. The token trades above its 20-day, 50-day, 100-day, and 200-day exponential moving averages (EMA…
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