Pepe Coin Surges Past DOGE and SHIB: Has the Frog Finally Left the Pond?

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If you’d told someone in Ankh-Morpork that a frog could leap 68% in a single week, they’d probably fetch you a bucket, a net, and some very serious men in white coats. Luckily for Pepe coin (PEPE), the only jumping here involves decimal points and, possibly, investors clutching their hair as Bitcoin (BTC) vaults to $104k. In the ancient tradition of meme coins, PEPE has left grizzled veterans like Dogecoin (DOGE) and Shiba Inu (SHIB) staring after it with a sense of existential dread—and outperforming them with all the subtlety of a custard pie to the face. PEPE’s enthusiastic hop above $0.000010 has some believers dreaming not just of lambos, but of amphibious supercars. 🐸🚀

Pepe Coin Price: Frogs, Rockets, and Euphoric Puddles

With Bitcoin reclaiming its gaudy $104k throne, meme coins everywhere started celebrating like it was Hogswatch. The market itself hit a 30-day high of $76.13 billion, enough for the patrician to raise both eyebrows. PEPE took the hint (and a shot of espresso), jumping almost 68% over the week, while DOGE and SHIB brought up the rear with 32% and 21%. Somewhere, a Shiba Inu is planning a sternly-worded letter to its fund manager.

PEPE Price Analysis: Fibonacci, Fancy Candles, and Other Mystical Objects

PEPE peaked at $0.00001539—a number so small you’d need four accountants and a wizard to find it. There’s been a slight pullback to $0.00001334, which, in meme coin terms, is like an afternoon nap after discovering high tea. Monday saw a doji candle—whatever that means—suggesting PEPE is pausing to consult the Great Frog Oracle before its next leap.🐸🔮

The 61.80% Fibonacci level (which surely sounds like a drink at Biers) at $0.00001426 didn’t hold, so PEPE might waddle back to the 50% level at $0.00001178 for a quick breather. If so, we could get another triangle breakout rally (triangles being universally acknowledged as the most exciting type of breakout), with a price target of $0.00002209, or a supposed 80% upside—provided you believe in magic triangles and frogs with rocket packs.🪄📈

PEPE’s holding above the 200-day Exponential Moving Average (EMA)—which presumably moves exponentially faster than an ordinary average—and the 50- and 100-day EMAs are flirting with a bullish crossover. If these lines cross, something fantastical might happen, such as a golden crossover or, more likely, absolute pandemonium in group chats everywhere. The Relative Strength Index, meanwhile, is in the overbought zone, which is code for “someone is definitely going to panic sell.”

Should PEPE tumble below the 50% Fibonacci, the 200-day EMA at $0.00001057 awaits, ready to catch falling frogs. Below that, $0.0000090 is the last bastion for meme-coin hope before the really tiny numbers eat what’s left of your sleep schedule.

If the worst happens and PEPE dives below $0.0000090, kiss your triangle bounce goodbye. We’re talking possible retest at $0.0000074, which in Discworld terms is about the value of a slightly used boot.

Pepe Open Interest: When Everyone Bets on Frogs

PEPE’s great leap has set off a flurry of trading on the derivatives market. According to Coinglass, Open Interest (OI) just hit $583 million. That means plenty of traders are willing to bet the family donkey—or at least their lunch money—on the direction of a digital frog. 🐸💰

Weighted funding rates are also at a record high of 0.0272%, which, while sounding very precise, really means everyone is looking at charts and pretending they know what will happen next.

Liquidations: The Great Meme Coin Dampening

Not all spells have happy endings. The last 12 hours saw $5 million in long liquidations. Some PEPE traders are now considerably lighter—at least in their portfolios, if not their wallets—after betting on the frog’s acrobatic abilities and landing painfully in reality. 🫣

If PEPE’s price does retest the 50% Fibonacci level, it could be the dip that brings in the hero investors. Or maybe just a dip. Either way, only the bravest (or most sleep-deprived) will leap at the opportunity. For now, keep your eyes on Bitcoin’s rally—and maybe keep a spare lily pad handy, just in case.

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2025-05-13 06:30