Pepe coin price gained 14% today as the market recovered and liquidity improved across several altcoins. The rebound formed after a sharp demand-zone reaction that stopped last week’s decline.
Meanwhile, Pepe price trades near a level that shaped several key reversals in recent weeks. Volatility is also contained on larger timeframes and this makes assessment a clean landscape. These conditions now support a structured assessment of whether the rebound can extend further.
Pepe Coin Price Strengthens After Support Rebound
The 4-hour chart indicates a powerful response of a clear support zone that initiated recurrent recoveries in the previous cycles. At press time, Pepe value is currently trading at $0.00000451 and is solidly above this mark as the supply is still being absorbed by buyers.
Two clean touches formed a double-bottom formation and this trend helps to sustain a long upward movement provided that buyers are in control.
The second reaction point is at $0.00000479 and is the current checkpoint of this recovery stage. An upward move would create additional space to proceed and would create greater emphasis on upward goals.
Ultimately, Pepe coin price now displays a refreshed chart structure that favors upward exploration and aligns with the growing discussion around a possible 50% rally from this region as strength continues to build.
PEPE/USDT 4-Hour Chart (Source: TradingView)Do Current Indicators Support Sustained Improvement?
The RSI indicates 40 and it rises consistently out of oversold ground, which is indicative of long-term strength following the previous fall in the week before. The rising slope shows healthier demand and reinforces the improving character of this rebound.
The trend is now supported by the reading as the buyers retain their control over short-term movement and persist in creating pressure on higher zones.
The Bollinger Bands are still narrowing and this squeeze indicates the stable movement over the recent candles. Tight bands can be seen in advance of stronger directional changes and assist in forming a purer analysis structure.
Pepe price is located in the mid-region and this location facilitates a positive recovery period. Such climate reinforces the debate of a bigger extension and gives a balanced argument of a possible 50% rally as the market conditions continue to pick up, supporting a positive long-term Pepe price forecast.
PEPE Technical Indicators Chart (Source: TradingView)Wider Market Recovery Boosts Open Interest Strength.
The overall crypto market recovered today as Bitcoin gained 8.12%, Ethereum added 10.04%, XRP climbed 9.03%, and Solana rallied 13.23% in a synchronized advance. This movement enhanced the mood in various categories and also boosted the top meme coins that react rapidly to general liquidity shifts.
Pepe coin price aligned with this movement and retained strength after the demand-zone rebound. The enhanced environment is now in favor of a systematic assessment of possible continuation.
Meanwhile, the open interest surged 14% to $236 million and showed firm engagement across major derivatives markets. This increase fortifies depth and assists in forming cleaner conduct on shorter periods. The added involvement also minimizes the instability and contributes to the enhanced responses at the critical levels.
Pepe price benefits from these conditions because buyers gain better positioning during extension attempts. The open interest trend reflects strong underlying participation and adds weight to discussions around a 50% rally from current levels.
PEPE Open Interest Chart (Source: CoinGlass)To sum up, Pepe coin price shows clear strength after defending a key support zone. This progress is now supported by market recovery and improved Open Interest. Signs of an improving situation are confirmed, and the framework allows further upward assessment. With momentum building across major assets, Pepe coin price holds a realistic path toward the 50% rally.
Source: https://coingape.com/markets/pepe-coin-jumps-14-on-double-bottom-signal-amid-market-recovery-is-a-50-rally-in-sight/
