PEPE Jumps 9% in Four Hours as Short Liquidations Fuel Rally
- —PEPE climbed to $0.00000502, clearing local resistance near $0.00000476
- —1000PEPE short liquidations hit $2.42 million versus $1.31 million in longs over 24 hours
- —Bitcoin gained about 0.5% in the session while memecoins and altcoins rose more
- —PEPE balances on centralized exchanges have reportedly been declining
Why it matters: The rally was driven largely by forced short covering rather than fresh demand, so the key test is whether price holds above the levels it just reclaimed.
Source: Live Bitcoin News