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Recently, the crypto assets market has once again focused on Pepe coin (PEPE). In the past 24 hours, the price of PEPE has risen by 5.7%, and the volume has significantly rebounded, with the transaction amount exceeding $500 million. This trend has sparked heated discussions in the market regarding the future direction of PEPE.
Well-known crypto analyst Ali Martinez pointed out on social media that the TD Sequential indicator has generated a buy signal on the PEPE daily chart. This indicator is commonly used to predict potential reversal points in price trends. A buy signal appeared when the PEPE price reached $0.00001064, and it has since risen by about 2%.
However, to confirm this rise trend, it is also necessary to observe whether the volume can break through 1 billion USD. Historical data shows that significant movements of PEPE are often accompanied by trading volumes of this scale.
It is worth noting that the open interest (OI) in the futures market has decreased by 41% from recent highs, indicating that traders remain cautious about the prospects of PEPE. If the buy signal is further confirmed, the price of PEPE may rise to $0.00001200 in the short term, with a potential increase of about 11%.
Although the recent trend is encouraging, there are still many uncertainties about whether PEPE can reach the target of 1 dollar. Investors should closely monitor market trends and rationally assess risks. The future performance of PEPE will depend on multiple factors such as the overall Crypto Assets market environment, project development, and investor sentiment.