#pepe (
$PEPE ): Quick Market Update
Performance: Pepe is maintaining its lead as the top-performing major meme coin, up approximately +15% to +20% today. It has recently surged over 50% in the last 7 days, leading the "Meme Season 2.0" narrative.
Why it’s Surging:
Technical Breakout: PEPE recently broke out of a multi-month "descending wedge," a classic bullish reversal pattern.
Open Interest Spike: Derivatives data shows a ~82% increase in open interest, indicating a massive wave of new speculative capital entering the market.
The "Wynn" Effect: Viral predictions from high-profile meme-traders targeting a long-term $69B market cap have re-ignited retail FOMO.
Technical Snapshot:
Current Price: ~$0.00000593
Resistance Zone: $0.00000650 (If it breaks this, analysts eye a move to $0.00000830).
Support Zone: $0.00000575 - $0.00000580 (The immediate "floor" for scalp traders).
Entry Strategy: Look for entries near the $0.00000580 support on a 15-minute pullback. Avoid buying at the immediate $0.00000650 resistance until a clean candle close above it occurs.
#PEPE #CryptoTrading.