Pepe Drops 1.33% Amid Record Trading Activity, Shorts Rise

Pepe's latest price was $0.00001317, down 1.327% in the last 24 hours. This decline comes amidst a period of heightened trader activity, with record participation levels indicating that Pepe is becoming a favored meme coin for speculative momentum plays. Speculative traders are actively engaging in Pepe price moves again, with recent easing of fear, uncertainty, and doubt (FUD) opening the door to bullish sentiment and attracting fresh retail liquidity. However, after last week’s mass liquidations, traders seem more cautious about near-term gains. The 24-hour long/short ratio has now fallen below 1 at 0.9516, alongside the $85 million in open interest added during Monday trading, indicating that more traders are shorting the Pepe price.

According to data, open interest in Pepe has surged to record highs over the past two weeks, exceeding post-inauguration rally levels at $583 million. This surge in open interest suggests that traders are increasingly interested in Pepe, despite the recent price correction. The price of Pepe appears to be amid a correction, retracing alongside the Relative Strength Index (RSI) after a stint along the oversold threshold at 70, an indication of exhausted buying pressure. More critically, the Moving Average Convergence Divergence (MACD) line is on the verge of a death cross, preparing to fall below the signal line. On the daily time frame, this setup often signals short-term declines. A retest of the $1 resistance zone as support could mark the correction’s bottom. This aligns with the 0.5 Fib retracement level, which often marks correction bottoms—a potential 19% decline from current levels.

Looking further, Pepe appears to be echoing the descending channel breakout pattern that led to its 265% surge to a new all-time high. While a 10x increase may not be realistic this year, Pepe could aim for a 230% surge to $0.00042 if history repeats. This top aligns with the long-term resistance zone that has capped highs since mid-2024. The altcoin market is currently experiencing a surge, and those who back the wrong horse are missing out on substantial gains as most coins loom far below their highs just four months ago. This is where the MIND of Pepe ($MIND) steps in, giving traders a chance to get in early and stay ahead of high-gaining opportunities. The MIND of Pepe AI actively engages with the crypto community through X—driving conversations, uncovering alpha opportunities, and delivering exclusive, token-gated insights. Inside its Telegram community, holders get early access to high-potential tokens before they hit the market, keeping them ahead of the curve. The $9.5 million raised in its ongoing presale could stand as a prospective discount, capitalizing on the Pepe brand and one of this cycle’s strongest meme coin narratives: AI agents. There are just 11 days before this phase ends, unlocking the increased demand of exchanges. The crypto bull run is finally here, and the community is excited for what will happen next. All coins have been rallying, with the most famous ones, like Bitcoin, nearing their previous records. However, with artificial intelligence growing rapidly in all tech sectors, crypto is also caught up in its rise. AI token market cap is currently standing at $28.4 billion, with a more than 20% increase compared to last month. What’s most impressive in this field is the rise of AI agents, which take up more than 40% of the market. That’s why the new MIND of Pepe ($MIND) is making headlines as the next big AI agent, capable of delivering real-time trading suggestions and interacting with followers on its own. It’s no wonder investors see it as an undervalued crypto presale. MIND of Pepe is taking the crypto community by storm thanks to its impressive AI agent that’s more than just a trading companion. It’s a valuable tool for anyone interested in crypto as it’s capable of scanning a large amount of data (including social media posts) and delivering detailed insight into the current market situation. Besides identifying the market sentiment, it’s also able to deliver personalized trading suggestions, tailored to the needs and preferences of each trader. This is deemed the coin gaining momentum, perfect to stay ahead of the AI expansion curve. The agent is now live on X, and users can interact with it, while trading and transfers will be available after the official token launch. Also, all core features will be available on launch day, including the Pepe terminal (a dashboard for accessing AI-powered tools). Developers are urging investors to join the presale, as many analysts believe.