🚨 PEPE Just Exploded 30% — Here’s the Real Reason Behind the Move
$PEPE didn’t pump out of nowhere — the rally was a perfect storm of social hype, short squeezes, and a textbook technical breakout.
It all started when $PEPE ’s official account dropped the cryptic “We ride at dawn.” Meme traders went wild instantly, influencers compared the chart to SHIB’s 2021 setup, and retail interest shot straight back to life. Robinhood data shows small traders now hold 8.3% of the supply — and that crowd loves a narrative.
Once hype kicked in, volume followed. Trading volume jumped 497%, pushing liquidity deep enough that the move wasn’t just noise. Social mentions on X surged at the same time — the classic recipe for a meme coin ignition.
Then the derivatives market poured gasoline on the fire.
Open interest soared 82%, shorts got blown out with $2.65M liquidations, and funding flipped positive. Once the squeeze started, buyers couldn’t keep up — the chart just launched.
Technically, $PEPE broke cleanly out of a multi-month descending channel, blasted through resistance at 0.00000504, and reclaimed the 200-day SMA — a huge momentum signal algos tend to chase.
⚠️ But it’s not all green lights.
RSI hit 77+, which usually leads to a 15–25% pullback. If things cool off, watch 0.00000560 — that’s the key support from the 23.6% Fib.
Bottom line:
This was not a random meme pump.
It was narrative + short squeeze + confirmed breakout all firing at once. If momentum holds, PEPE stays hot. If not, expect volatility — meme coins never move quietly.
