Can Pepe Coin Rally to New ATH as $1M in Shorts Get Liquidated?

Key Insights: Pepe Coin (PEPE) recently surged by 68% in a week, reaching $0. 00001453, surpassing the 200-day Exponential Moving Average (EMA) and the critical 61. 80% Fibonacci level. The bullish momentum has pushed PEPE closer to a potential breakout, with $1 million in short positions liquidated, signaling a possible rally toward a new all-time high source: https://www.thecoinrepublic.com/2025/05/12/can-pepe-coin-rally-to-new-ath-as-1m-in-shorts-get-liquidated/