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PEPE Price Rebounds 6% as Analyst Predicts Ethereum Gains from Bybit Losses

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Summary
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68% Informative

PEPE price climbs 6% on Saturday, Feb. 22 , as investor interest returns to the crypto markets amid robust industry response to the Bybit crash.

Bullish traders have mounted $9 million in long leverage, dominating short traders by 70% .

This imbalance suggests that, as the market recovery unfolds, short traders may be reluctant to cover their positions, further fueling upside momentum.

The chart shows a notable shift in momentum, with PEPE rising above the Volume-Weighted Average Price (VWAP) at $ 0.00000948 .

Recent buyers have been willing to pay slightly higher prices to secure their positions.

This suggests competitive demand, with traders positioning ahead of a potential full recovery to pre-Bybit crash levels.

Failure to hold above VWAP could invite another wave of selling, potentially retesting Friday ’s lows.

The volume delta remains negative overall, suggesting sellers are still present.

VR Score

52

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English

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