PEPE Coin is currently showing a key turning signal! Is the cup and handle pattern brewing a 62% surge opportunity?

Despite geopolitical risks leading to a short-term decline of 3% in PEPE to $0.0000102, a rare cup and handle pattern is forming on the weekly level. If it breaks the neckline at $0.000014, it could trigger a 62% increase to $0.0000227!

The technical indicators are sending positive signals: the MFI indicator shows a bullish divergence, the ADX indicates weakening of the bearish trend, and the open interest has surged by $74 million in two days, with OKX's long-to-short ratio reaching 2.63, indicating a surge in betting enthusiasm.

However, a net outflow of 97% from whale funds may suppress the rebound, and if it falls below the lower channel line, the pattern could fail. The current market is in a heated tug-of-war, with $4.19 million in long liquidations indicating increased volatility. Is this a trap or an opportunity? Feeling lost and helpless in the crypto world? Want to grasp the latest trends and practical insights? Follow @飞哥聊趋势 , and let us guide you through the market fog, seize the bull market rhythm, with comprehensive support from basic knowledge to cutting-edge information, ensuring your trading journey is smooth and straightforward!