PEPE Gains 4.8% Defending Key Technical Level

The price of Pepe (PEPE) climbed 4.83% on March 25, reaching $0.00000357 as buyers stepped in to defend a critical technical support zone. The successful defense and subsequent price increase suggest a potential short-term bullish breakout, attracting the attention of momentum traders watching for a move toward higher resistance levels.

Meme Coins Rise on Improved Risk Sentiment

PEPE's advance occurred within a broader rally across the meme coin sector. Other major tokens like Shiba Inu (SHIB) and Dogecoin (DOGE) also posted gains of 6.32% and 4.74%, respectively. This collective upswing was fueled by a risk-on shift in financial markets after reports that President Trump initiated a five-day diplomatic pause with Iran, temporarily easing geopolitical tensions. The broader cryptocurrency market's strength, with Bitcoin holding firm above $71,000, provided additional support for more speculative digital assets like PEPE.

Trading Volume Jumps 93% to $455M

Concrete data reveals a sharp increase in trader engagement with PEPE. Its 24-hour trading volume swelled by 93% to $454.59 million, indicating a significant influx of capital. In the derivatives market, open interest simultaneously rose by 10.14% to $170.38 million. This combination of rising spot volume and new positions in derivatives markets points to heightened speculation and anticipation of continued price volatility. For now, traders are watching the $0.00000390 level as the next key resistance, with support established near $0.00000320.