Pepe Surges 28% as Short Squeeze Triggers Liquidations

Pepe (PEPE) surged 28.36% after a significant short squeeze triggered liquidations of over $2 million in short positions, prompting forced buybacks and driving broad buying interest.

The strength of the rally is supported by the bullish setup, with Pepe trading above its main moving averages and positive momentum readings reinforcing the uptrend.

Large holder accumulation persisted and Pepe's growth on the Solana network raised visibility and trading volumes.

PEPE/USD maintains bullish momentum with a projected five-day range of $0.00000427 to $0.00000613 and strong overbought signals from multiple indicators.