Key Insights
PEPE Coin holds above the reclaimed $0.0000050 level, marking structural strength supported by a confirmed Adam and Eve breakout pattern.
Open interest rises by 82% to $446.5 million, showing market participation increased after price confirmation rather than preceding it.
Robinhood-linked wallets now hold 8.3% of the PEPE supply, with retail demand surging as trading volume grew by over 419% to $932.6 million.
PEPE Coin entered the new year with renewed bullish strength, registering a 25% price increase and successfully reclaiming the $0.0000050 level. The price now trades around $0.00000507, maintaining structure above previous resistance. The move follows weeks of consolidation, signaling accumulation is giving way to trend continuation rather than short-term volatility.
The breakout became structurally significant after PEPE Coin crossed above the $0.0000050 mark. This level, once a supply zone, has turned into firm support. The directional movement index (DMI) confirmed this shift in momentum on December 31 when the +DI crossed above the -DI, triggering a sharp price rally.
Simultaneously, an Adam and Eve reversal pattern formed, suggesting increasing buyer confidence. The rounded demand base transitioned into a steeper leg, marking the beginning of a trend phase.
Rising open interest signals leveraged confidence post-breakout
Open interest climbed 82% to $446.5 million, highlighting that leveraged positions followed price confirmation rather than anticipating it. This sequencing indicates confidence in the move, as participation expanded after structural validation.
Source: TradingView
PEPE’s open interest growth aligns with other leading meme tokens, showing a broadening market appetite. This rise in futures activity supports the view of a developing trend rather than a short-term spike.
Retail participation rises with notable wallet accumulation
Retail involvement also grew significantly, with Robinhood-linked wallets now estimated to hold around 8.3% of PEPE’s total supply. Daily trading volume spiked by 419% to approximately $932.6 million, pointing to active spot buying rather than liquidity-driven swings.
PEPE Coin maintains a constructive trend as long as the price remains above the $0.0000050 support level. A sustained move above $0.00000623 could open the path toward $0.0000075, backed by an ADX reading near 28, indicating trend strength.
However, failure to hold above $0.0000050 would place PEPE back in its previous demand range and weaken the bullish outlook.
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