PEPE Price Surges Post-Bybit

This is a news story, published by CoinGape, that relates primarily to VWAP news.

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PEPE price

CoinGape

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Business

Business & Economics

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

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.

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formal

Language

English