PEPE, strong fundamental signals amid bearish price... "Breaking through $0.00000521 is a critical point for reversal"

Despite Price Adjustments, Open Interest Surges by $257 Million - Derivatives Market Sends Strong Risk Appetite Signal

Increase in On-Chain New Wallets and Whale Buying Volume Simultaneously - Signal of Low-Price Accumulation Completion Detected

Technical Resistance Step-by-Step Analysis - 3 Barriers Ahead of Reclaiming the 200-Day Moving Average at $0.00000839

The key asset in the meme coin market, PEPE, is revealing an intriguing divergence phenomenon. While the spot price shows signs of stagnation, data deep within the market are gradually emitting stronger bullish signals.

Currently, PEPE is trading within a range below the psychological resistance of $0.00000500, recording a -4.85% change over the past 24 hours. On the surface, it appears to be in a consolidation phase, but underlying chart signals are conveying a different message.

Accelerating Capital Inflows into the Derivatives Market

Analysis of CoinGlass data shows that PEPE’s futures open interest(Open Interest) surged by 7.87% in the last 24 hours, reaching a total of $257.18 million. This indicates that market participants are actively increasing leverage positions based on confidence in the current trend.

Especially in the meme coin sector, such changes imply a risk-on sentiment that “takes it a step further,” suggesting that institutional investors and retail traders alike are strengthening their positions.

On-Chain Signals: New Funds and Whale Return

On-chain indicators provide more specific signals. According to Santiment(Santiment) data, network growth metrics jumped from 448 on Sunday to 623 on Monday. This indicates a surge in new wallet creation, signaling fresh capital inflows into the ecosystem.

Even more noteworthy is the improvement in profitability metrics. The proportion of supply in profit increased from 20.14% on Sunday to 23.20% on Monday. Despite the price remaining in a range, the increase in profitable supply suggests that smart money successfully completed low-cost accumulation at recent lows.

Whale transaction volume also supports this. On Sunday alone, 36 large transactions exceeding $1 million occurred, signaling the return of big players.

Technical Levels: Three Barriers to Overcome

From a technical perspective, PEPE is at a critical short-term decision point. If the current movement below $0.00000500 persists, a conservative scenario suggests a drop to the previous November 21 low of $0.00000395.

However, technical indicators are optimistic. The daily Relative Strength Index(RSI) stands at 45, moving out of oversold territory and rising toward the midpoint of 50. This indicates weakening selling pressure. The MACD also maintains upward momentum near the zero line, suggesting a gradual rise rather than a sharp decline.

To confirm a genuine trend reversal, three key levels must be broken:

First Barrier (0.00000521): The November 4 low. Closing above this level would be recognized as a trend reversal.

Second Barrier (0.00000650): A zone with strong sell walls. Breaking through this resistance would enable a more vigorous upward move.

Third Barrier (0.00000839): The area of the 200-day exponential moving average (EMA), representing the final confirmation point for a medium- to long-term trend reversal.

Conclusion: Data vs. Price Discrepancy

Currently, the PEPE market can be summarized as “Price is waiting, but indicators are preparing bullish signals.” The key level of $0.00000521 will likely be a decisive point in the upcoming days for this data-driven rally. Despite the spot market’s weakness, the consistent bullish signals from derivatives and on-chain metrics suggest that a breakout of technical resistance could trigger a sharp reevaluation.