- Bitcoin eyes $115K as bullish technicals and strong support fuel its upward momentum.
- Meanwhile, a massive 7B PEPE long and converging Dogecoin indicators hint at short-term rallies in the meme coin space.
The crypto market is heating up as (BTC) flirts with the $110,000 mark, signaling a potential push to $115,000. Meanwhile, meme coins Pepe (PEPE) and Dogecoin (DOGE) are showing signs of life, hinting at explosive short-term rallies driven by technical setups and bold trading moves.
BTC remains in the spotlight as it turns former resistance at $103,000 into support. The emergence of a golden cross — with the 50-day EMA moving above the 200-day EMA — reinforces a bullish outlook, typically marking the end of bearish cycles and the start of sustained uptrends. RSI levels under 70 and consistent volume suggest the rally isn’t overextended yet, keeping $115,000 well within reach.
Also read: Bitcoin Breakout Ahead? Smart Money Accumulation Signals Bullish Trend Into 2025
Adding fuel to the fire is a dramatic move in PEPE. A jaw-dropping 7,000,000,000 PEPE long position was opened using 10x leverage, sending ripples through the market. This aggressive bet helped push PEPE’s price to $0.00001382, with top traders already sitting on six-figure unrealized gains. While the surge seems largely tied to this high-risk trade rather than fundamentals, volume spikes and EMA convergence (50 and 100-day) support short-term momentum.
On the Dogecoin front, the technicals are lining up for a potential rally. DOGE recently bounced from support at $0.217 and is now hovering around $0.224. A convergence between the 50, 100, and 200-day EMAs is forming—a precursor often followed by sharp breakouts. With RSI around 60 and trading volume increasing, DOGE could target $0.26 or even $0.30 if market conditions remain favorable.
In summary, BTC bullish setup is driving broader optimism, with meme coins like PEPE and DOGE showing strong potential for near-term rallies. Traders should keep a close eye on volume and key moving averages—because when crypto aligns like this, fireworks often follow.