Pepe Coin’s Rare Chart Pattern Could Spark Massive 62% Price Explosion – Are You Ready?

Updated

June 19, 2025

Gambar Pepe Coin’s Rare Chart Pattern Could Spark Massive 62% Price Explosion – Are You Ready?

Jakarta, Pintu News – Pepe Coin fell by 3% on June 18 and is trading at $0.0000102 as traders continue to shun risky assets due to rising geopolitical concerns.

However, if buyers start to step in now, Pepe Coin’s price could potentially recover after the appearance of a rare pattern known as cup and handle, which hints at a possible rally of 62% in the near future.

Meanwhile, open interest in the meme token jumped by $74 million in the past two days, indicating increased optimism among traders.

Can Pepe Coin’s price increase by 62% as the Cup & Handle Pattern appears?

On the weekly chart, there is a bullish cup and handle pattern on the Pepe Coin price, which could be an early signal of an upward movement. This pattern formed after the price of this top meme coin experienced a major downward trend since December and began to ease in March.

In April, PEPE tried to recover, but was rejected again at the $0.000014 resistance level, which is now the neckline of the bullish pattern. This rejection resulted in a parallel channel forming the “handle” part of the pattern.

This pattern will be considered mature if the price of Pepe Coin manages to break the resistance in the descending parallel channel and then breaks the $0.000014 level.

If that happens, a 62% rally could start and push the token’s price to around $0.0000227.

The Money Flow Index (MFI) indicator supports this scenario as it is pointing north (up) despite the price being in a downward trend. This bullish divergence hints at buying pressure starting to build, even as the price is still in a downward channel.

Pepe Coin’s Weakening Trend Started Since May

pepe coin price analysis — Source: TradingView via Coingape

Meanwhile, the Average Directional Index (ADX) indicator shows a weakening of the downtrend that started in May.

If the pressure from the bears weakens and buyers start accumulating at low prices, this could pave the way for Pepe Coin’s price recovery.

However, there is a risk of this scenario being canceled. In a previous analysis by the CoinGape website, it was mentioned that PEPE whales started to exit the market as the net flow of funds dropped by 97%.

If the whales are reluctant to buy when the selling pressure starts to weaken, the price could drop below the channel and thwart the cup and handle pattern.

PEPE Open Interest Increases by $74 Million

The bullish price prediction for Pepe Coin seen on the weekly chart is further reinforced by the recent spike in open interest.

Data from Coinglass shows that in just 24 hours (18/6), open interest rose by $74 million to a total of $530 million.

open interest pepe coin — Source: Coinglass

This increase shows that futures traders are still betting on PEPE’s price performance despite volatile market movements.

On the OKX exchange, the long/short ratio stands at 2.63, indicating that the majority of traders are still bullish on PEPE.

In the last 24 hours (6/18), PEPE also recorded the highest liquidation among other meme coins, reaching $4.19 million. Meanwhile, the 1000PEPE contract saw a liquidation of $6.77 million.

Most of the liquidated positions were from long traders, and this has contributed to the 3% drop in PEPE prices in the last 24 hours.

In conclusion, the Pepe Coin price is indeed falling today and continues the downward trend that started in mid-May.

However, if we look at the higher timeframe chart, a cup and handle pattern is starting to form, which could open up a rally opportunity of up to 62%, especially with the increase in open interest again.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

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