Pepe Coin (PEPE) Price Movement and Potential Golden Cross: What Does It Mean for the Crypto Market?

Jakarta, Pintu News – The price movement of the Pepe Coin cryptocurrency is back in the spotlight among crypto investors. This happened after PEPE experienced a significant price increase in the last few weeks. The increase was also accompanied by the appearance of a technical pattern known as a golden cross. Golden crosses are often considered as one of the early indicators of potential further price increases in the cryptocurrency market.

Currently, PEPE is trading at around Rp122.60 (equivalent to $0.0000073) and has crossed its 200-day moving average. This reflects a positive trend in the short to medium term. On the other hand, the emerging golden cross pattern on the 4-hour timeframe reinforces the view of a potential price rally towards IDR130.99 (equivalent to $0.0000078), if this positive momentum continues.

Technical Indicators Show Positive Sentiment

In technical analysis, PEPE’s short-term moving average has moved above the long-term moving average. This position illustrates the dominance of buying pressure over selling pressure. Currently, the 9-day moving average is at Rp120.91 (equivalent to $0.0000072), while the 21-day moving average is at Rp115.19 (equivalent to $0.0000069).

In addition, the golden cross pattern that has appeared on the 4-hour timeframe still has the potential to form on the daily timeframe if the uptrend continues. Golden cross itself is usually interpreted as a bullish signal in the crypto world, although it is not a definite guarantee of price increases.

Investor activity has also shown a shift in sentiment towards the positive. Data from CoinGlass shows that PEPE outflows from exchanges were greater than inflows for two consecutive days. This usually means that investors prefer to keep their assets in private wallets rather than on exchanges, as an indication of long-term optimism.

Also Read: Solana’s Whale Movement and Selling Pressure: What is the Impact on Crucial Support Levels?

Increased Investor Interest and Trading Position

PEPE open interest (OI) or derivative contract positions increased by 8.22% to IDR4.93 trillion (equivalent to $293.43 million). A spike in open interest is usually a sign that many investors are opening new positions in the market, signaling growing interest in the asset.

Meanwhile, the proportion of long positions in the PEPE derivatives market reached 53%. This suggests that most market participants expect PEPE prices to continue rising in the near future. However, it is important to note that the dominance of long positions could also trigger a price correction in the event of sudden profit-taking by traders.

The Moving Average Convergence Divergence (MACD) indicator also showed a bullish crossover signal. This signal reinforces the possibility of an uptrend continuation as long as the buying pressure remains dominant and the demand zone is maintained.

Potential Future Price Movement of PEPE

In general, the current price movement of Pepe Coin (PEPE) shows a bullish trend in the crypto market. If the golden cross pattern formed on the 4-hour timeframe develops into a golden cross on the daily timeframe, then the opportunity for a price increase towards Rp130.99 (equivalent to $0.0000078) is increasingly open.

However, there is a possibility of a price correction if some market participants decide to take profits. If selling pressure increases, the price of PEPE is expected to correct back to the support area at IDR115.19 (equivalent to $0.0000069).

Conclusion

The current price movements of Pepe Coin (PEPE) reflect the dynamics of a crypto market full of challenges and opportunities. The appearance of a golden cross pattern provides a positive indication for some market participants, but caution is still needed in responding to any technical signals. The cryptocurrency market is highly influenced by sentiment and speculation, so technical analysis needs to be supported by good risk management for investors and traders.

Read More: Solana Price Moves Up: Potential Strengthening or Correction in April 2025?

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Trading crypto carries high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying and selling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• AMBCrypto. Pepe’s Golden Cross:A Sign for a Rally to $0.0000078? Accessed April 14, 2025.
• Featured Image: Generated by AI