PEPE, $0.000005, gaining momentum within the box range... On-chain signals "already indicate a bullish trend"

Technically a sidestep, but the fundamentals are clearly sending bullish signals - Surge in futures open interest deepening ‘risk asset preference’… Investors expanding leverage bets - Simultaneous inflow of whales and new funds… Breaking $0.000005210 signals the true start of an upward trend

The meme coin PEPE is showing an interesting phenomenon. While the price is undergoing a ‘gradual correction’ around $0.000005, trading activity and on-chain indicators continue to send active bullish signals. This can be called a ‘paradoxical divergence(’, and the message it sends to market participants is clear. Based solely on indicators, it suggests “the setup is already complete.”

) Capital inflow into the derivatives market is the most honest

Even as the price remains stagnant, the futures market is hot. Recently, PEPE’s futures open interest surged over 7% within 24 hours, surpassing $257 million. What does this figure imply? It indicates that market participants are aggressively betting through leverage rather than spot holdings.

An increase in open interest generally signifies:

• Strong confidence in the market trend
• Entry of participants willing to accept losses
• Deepening ‘risk asset preference’ for high-volatility assets like meme coins

Especially when such phenomena are observed in the meme coin sector, it signals that market sentiment has shifted from simple price speculation to seeking larger profits through an ‘aggressive mode.’

On-chain data proves hidden bullishness

What’s more important than technical indicators is the movement on the blockchain. Looking at PEPE’s on-chain metrics:

Active entry of new participants

• Network growth indicator jumped from 448 on Sunday to 623 on Monday
• Meaning: not only short-term traders but also new funds are flowing into the ecosystem
• This is a strong signal that the price is forming a bottom

Smart money has completed ‘accumulation at low prices’

• The proportion of supply in profit has risen from 20.14% to 23.20%
• Why did the profit zone increase even as the price stagnated? Because smart money efficiently bought at the previous lows
• In fact, on Sunday alone, there were 36 large transactions exceeding $1 million

This is evidence that “big players are already prepared.”

Technical perspective: $0.000005210 is the ‘real start’

On the chart, PEPE is currently seeking a short-term direction. Summarizing the current resistance and support levels:

First hurdle ### $0.000005210(

• The level that must be broken through the November 4 low for the market to recognize a “trend reversal”
• If it recovers above this level on a closing basis, a technical bullish trend is confirmed

Second resistance ) $0.000006500(

• A thick supply zone
• Breaking through this area upward could lead to a resilient rally

Final threshold ) $0.000008390(

• Located at the 200-day moving average
• Recovery to this point could mark the entry into a ‘medium-term bull market’

What do the technical indicators say?

The daily RSI is around 45, breaking out of the oversold zone, and is moving toward the 50 midpoint. The MACD also maintains bullish momentum near the zero line. This suggests that a gentle upward trend is more likely than a sharp decline.

) What does all this ultimately mean?

The current situation of the PEPE market can be summarized as: “Prices are cautious, but data is already preparing for an upward move.”

Capital inflow into derivatives, improving on-chain metrics, and signals from technical indicators — all point in the same direction. The reason the price is still in a range-bound zone is likely just a ‘resting phase’ to gather energy.

In the coming days, whether the $0.000005210 level is broken again will be a crucial test of the authenticity of this bullish signal. If this level is breached, it could mark the beginning of a series of technical resistance breakthroughs mentioned earlier.