Top Trader Reopens 10x Long Position on PEPE as Volume Hits $1.59 Billion
PEPE Trading Update
- PEPE is trading at $0.00001428, up 4.3% in 24 hours.
- Daily trading volume increased by nearly 50% to $1.59 billion.
- James Wynn reopened a leveraged long position on PEPE with 10x leverage, previously earning over $26 million from a similar trade.
- Wynn's current position shows a profit of $200,000.
Price Movement and Technical Analysis
- PEPE consolidated below $0.000010 since mid-February before a 45% price spike this month.
- In the last 30 days, PEPE surged nearly 50%, adding over $2 billion to its market cap.
- The RSI on the 4-hour chart is near 65, indicating potential for further upside.
- Resistance is observed around $0.00001520; a breakout could lead to a rally toward $0.00001500.
- Bollinger Bands are widening; price testing upper band suggests possible breakout or pullback.
- MACD indicates bullish momentum but warns of potential short-term bearish divergence.
Market Sentiment
- Crypto trader Crypto Zeus predicts higher price zones for PEPE.
- PEPE appears to be forming an ascending triangle pattern on the 15-minute chart.
Mind of Pepe (MIND) Presale
- MIND is gaining traction in presale, offering practical use cases in the meme coin space.
- Current presale price is $0.0037515, with $10.4 million raised.
- MIND token holders gain access to AI-driven market insights and staking rewards of 256% APY.
- The presale phase ends in five days, after which the token price will increase.