Pepe has become the meme coin of choice among traders, leading 24-hour gains in the top 100 with a 45% surge dubbed a “god candle” – adding weight to a bullish Pepe price prediction.
The move marks the climax of a month-long consolidation phase, range-bound between $1 and $0.50. Clear of this hurdle, PEPE has a new standing in the “best crypto to buy” conversation.
On the back of a hawkish-but-uncertain FOMC meeting and a US-UK trade agreement, the market headwinds that have left most coins stagnant are starting to clear.
Have Traders Missed Their Chance?
The derivatives market offers intrigue as open interest in PEPE surges to $531 million—its highest since the post-inauguration rally in January, according to CoinGlass data.
Pepe Open Interest (USD). Source: CoinGlass.This surge suggests the return of retail liquidity, with traders actively participating in Pepe price moves. With recent FUD easing, the door has opened to bullishness.
That said, traders appear to be repositioning for a downward move. The long/short ratio has now fallen below 1 at 0.9992—more traders are shorting than betting on further gains.
This bearish shift aligns with technical signals. The daily RSI has entered overbought territory, breaching the 70 threshold at 82, signaling buyer exhaustion.
What goes up must come down—PEPE may be primed for a correction, a natural next step to rebalance the scales amid surging speculative interest.
PEPE Price Analysis: What Happens Next?
The god candle may just be the release that permits a longer-term uptrend, looking at historical patterns.
The descending channel breakout that fuelled PEPE’s 265% surge to new all-time highs in late 2024 appears to be repeating, setting the stage for another explosive rally.
PEPE / USDT 1-Week chart, historic descending channel breakout. Source: TradingView / Binance.Two distinct swing highs and lows have shaped what appears to be a reversal structure, in line with a long-term support zone that has guided lows since mid-2024.
Momentum indicators back this case. The daily RSI is overbought, but the weekly RSI has risen above the 50 neutral mark, reaching 52—the highest since January.
More substantially, the MACD line has formed a golden cross, surpassing the signal line for the first time since January. On such a high time frame, this move often signals a longer-term trend shift.
If history repeats, PEPE could aim for a 220% surge to $0.00042 later this year, testing the long-term resistance zone that has capped highs since mid-2024.
In the near term, however, a correction could see PEPE retest the consolidation’s upper bound at $1 before reattempting the $1.40 resistance that capped today’s move.
How Traders Can Get Ahead of God Candles Like Pepe’s
The altcoin market is pumping right now, and those who back the wrong horse are missing out on substantial gains as most coins loom far below their highs just four months ago.
That’s where MIND of Pepe ($MIND) steps in, giving traders a chance to get in early and stay ahead of high-gaining opportunities.
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The post Pepe Price Prediction: “God Candle” Pushes 45% Daily Surge, But Is It Too Late to Buy? appeared first on Cryptonews.
