PEPE leads crypto rally as derivatives open interest rises to $421.76 million

  • PEPE gained about 20%-25% in 24 hours, briefly reaching $0.00000515-$0.0000054 and pushing its market capitalization above $2 billion.
  • PEPE derivatives open interest rose 33.62% to $421.76 million, while derivatives volume reached $1.72 billion and the four-hour RSI approached 82.
  • FLOKI rose 10% before trading flat at its 200-day EMA near $0.0000293, as analysts monitored possible breakouts in both tokens.

PEPE gained about 20%-25% in 24 hours, briefly reaching $0.00000515-$0.0000054 and lifting its market capitalization above $2 billion as Bitcoin moved above $85,000 and speculative crypto assets rallied. Derivatives open interest rose 33.62% to $421.76 million, while derivatives volume reached $1.72 billion. The token broke above the $0.00000458 structural-resistance area and traded above its 20-day, 50-day, 100-day and 200-day moving averages. Analyst Lana Valentis said PEPE was forming an inverse head and shoulders pattern, with projected levels from $0.00000455 to $0.00001, while Solana trading volume reached $40 million in one day and PEPE’s holder count approached 600,000. Momentum was stretched, with the four-hour Relative Strength Index near 82 and profit-taking after the move to $0.00000515. FLOKI gained 10% before trading flat Tuesday at the 200-day exponential moving average near $0.0000293, which analysts identified as key resistance and a potential trend-reversal trigger.

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