📈 After plunging 10% due to the Bybit hack ($1.4B in ETH stolen), PEPE swiftly rebounded by 6%, reclaiming $0.00009. Analysts suggest Bybit might need to repurchase lost ETH, potentially boosting Ethereum’s price and ecosystem tokens like PEPE.
🐋 Derivatives data shows traders betting aggressively on PEPE’s recovery. Long positions hit $9M, greatly outweighing shorts at $2.9M, pointing to strong bullish sentiment.
🎯 PEPE needs a daily close above $0.0000114 to confirm a bullish reversal. Failure to sustain above $0.0000095 could retest recent lows near $0.000008.
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This post is for informational purposes only and does not constitute financial advice or endorsement.
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