{"id":346040,"date":"2023-09-24T12:00:25","date_gmt":"2023-09-24T06:30:25","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=346040"},"modified":"2023-09-24T10:35:24","modified_gmt":"2023-09-24T05:05:24","slug":"pepes-weekend-pump-hit-10-can-it-push-forward","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/pepes-weekend-pump-hit-10-can-it-push-forward\/","title":{"rendered":"PEPE\u2019s weekend pump hit +10% &#8211; Can it push forward?"},"content":{"rendered":"<p><i><span style=\"font-weight: 400;\">Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer\u2019s opinion.<\/span><\/i><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\"><em>PEPE pumped +10% on the daily trading session on 22 September.\u00a0<\/em><\/span><\/li>\n<li style=\"font-weight: 400;\"><em><span style=\"font-weight: 400;\">Open Interest rates spiked, confirming demand in the derivatives segment.\u00a0<\/span><\/em><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Pepe [PEPE]<\/span><span style=\"font-weight: 400;\"> fronted a surprise weekend pump of 14.5% on 22 September. But the memecoin&#8217;s further appreciation could face challenges after hitting a confluence of roadblocks. It begs the question, will it present sellers with opportunities?<\/span><\/p>\n<hr \/>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">Is your portfolio green? Check out the <\/span><a href=\"http:\/\/ambcrypto.com\/calculator\/pepe-profit-calculator\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">PEPE Profit Calculator<\/span><\/a><span style=\"font-weight: 400;\">\u00a0<\/span><\/p>\n<hr \/>\n<h4>Can PEPE clear the 50-EMA and mid-range hurdles?<\/h4>\n<figure id=\"attachment_346041\" aria-describedby=\"caption-attachment-346041\" style=\"width: 1950px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/09\/PEPEUSDT_2023-09-23_14-59-52.png\"><img decoding=\"async\" class=\"wp-image-346041 size-full\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/09\/PEPEUSDT_2023-09-23_14-59-52.png\" alt=\"PEPE\" width=\"1950\" height=\"1109\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/09\/PEPEUSDT_2023-09-23_14-59-52.png 1950w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/09\/PEPEUSDT_2023-09-23_14-59-52-300x171.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/09\/PEPEUSDT_2023-09-23_14-59-52-1024x582.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/09\/PEPEUSDT_2023-09-23_14-59-52-768x437.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/09\/PEPEUSDT_2023-09-23_14-59-52-1536x874.png 1536w\" sizes=\"(max-width: 1950px) 100vw, 1950px\" \/><\/a><figcaption id=\"caption-attachment-346041\" class=\"wp-caption-text\">Source: PEPE\/USDT on TradingView<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">Since 11 September, PEPE oscillated between $0.00000060 &#8211; $0.00000070. The pump tipped PEPE to grace a high of $0.00000074, flipping the lower and higher timeframe market structures bullish.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">But the pump hit a confluence of 50-EMA and the mid-range ($0.00000069) and could risk +10% gains. Although the weakening <\/span><span style=\"font-weight: 400;\">Bitcoin [BTC]<\/span><span style=\"font-weight: 400;\"> could influence a price reversal, it wasn\u2019t obvious, given a <\/span><a href=\"https:\/\/app.intotheblock.com\/coin\/PEPE\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">negative correlation<\/span><\/a><span style=\"font-weight: 400;\"> in the past 30 days.\u00a0\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In the meantime, the CMF was above zero, indicating substantial capital inflows into the PEPE market. In addition, the RSI crossed the 50-mark, further underscoring the recent spike in buying pressure.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, the downticks on both metrics could indicate buyers&#8217; influence waned slightly. If the trend extends, PEPE could ease to $0.00000060 or $0.00000051, a potential 15% or 28% drop.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Conversely, bulls could hit $0.00000082 or the range-high ($0.00000094) if PEPE convincingly reclaims the mid-range.<\/span><\/p>\n<h4>Open Interest rates spiked<\/h4>\n<figure id=\"attachment_346043\" aria-describedby=\"caption-attachment-346043\" style=\"width: 1866px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/09\/PEPE-OI.png\"><img decoding=\"async\" class=\"size-full wp-image-346043\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/09\/PEPE-OI.png\" alt=\"PEPE\" width=\"1866\" height=\"615\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/09\/PEPE-OI.png 1866w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/09\/PEPE-OI-300x99.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/09\/PEPE-OI-1024x337.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/09\/PEPE-OI-768x253.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/09\/PEPE-OI-1536x506.png 1536w\" sizes=\"(max-width: 1866px) 100vw, 1866px\" \/><\/a><figcaption id=\"caption-attachment-346043\" class=\"wp-caption-text\">Source: Coinglass<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">A spike in Open Interest rates followed the recent pump. It indicates a surge in demand for PEPE in the derivative market and a bullish bias.\u00a0<\/span><\/p>\n<hr \/>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">How much is <\/span><span style=\"font-weight: 400;\">1,10,100 PEPE worth today<\/span><span style=\"font-weight: 400;\">?\u00a0<\/span><\/p>\n<hr \/>\n<p><span style=\"font-weight: 400;\">Apart from the +22% increase in Open Interest, the Futures market <\/span><a href=\"https:\/\/www.coinglass.com\/currencies\/PEPE\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">volume<\/span><\/a><span style=\"font-weight: 400;\"> jumped +600% at press time.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The positive readings cemented further price surge was probable. So, tracking whether PEPE reclaims the mid-range is key to gauging the next price direction.\u00a0\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PEPE&#8217;s recent pump hit the mid-range hurdle. Sellers could see +15% gains if price falters at the mid-range. <\/p>\n","protected":false},"author":79,"featured_media":346044,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[31,41,18,5824,66,3,23,4,20],"tags":[],"class_list":["post-346040","post","type-post","status-publish","format-standard","has-post-thumbnail","category-altcoins-news","category-analysis","category-hide-cryptopanic","category-memecoins","category-new-news","category-news","category-no-home","category-social","category-trading-view"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>PEPE\u2019s weekend pump hit +10% - Can it push forward? - AMBCrypto<\/title>\n<meta name=\"description\" content=\"PEPE fronted a surprise weekend pump of 14.5% on 22 September. 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