$PEPE: Big Move Ahead? Rare Bullish Pattern Found

On June 18, $PEPE dropped about 3% to $0.0000102 due to overall market fear.

But something interesting has formed: a cup-and-handle pattern — a bullish chart setup that might lead to a 62% price jump if it breaks out.

📈 Open Interest Up by $74 Million

In just two days, futures trading activity increased a lot. Open interest (total amount of active contracts) rose by $74 million and now stands at around $530 million.

This shows growing interest from traders and big investors.

🔍 What This Means

Signal What It Suggests

Cup-and-handle pattern Possible strong upward move

Rising open interest Traders are becoming more bullish

📌 If $PEPE breaks above the handle’s resistance, the price could rise 62%.

However, it’s smart to use a stop-loss in case the pattern fails.