📈 PEPE Technical Analysis – May 20, 2025
Current Price: $0.00001300 (▼7.5%)
24h Range: $0.00001270 – $0.00001390
Market Cap: ~$5.4B
Technical Indicators:
Pattern: Bullish flag formation after a 100% rally in early May, indicating potential for further upside.
Support Levels: $0.00001270
Resistance Levels: $0.00001390, $0.00002000
Derivatives Data:
Open Interest (OI): $527M, nearing all-time highs, suggesting increased trader engagement.
Funding Rate: Positive, indicating a bullish bias among futures traders.
Liquidations: Significant short liquidations observed, reflecting aggressive short covering.
Market Sentiment: Despite a recent price dip, the formation of a bullish flag and positive funding rates suggest that PEPE may be poised for a breakout, targeting the $0.00002000 level. Traders should monitor for confirmation of this pattern.
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