The post PEPE Breaks Bullish Flag Pattern, Traders Eyes 65% Rally appeared first on Coinpedia Fintech News
Pepe (PEPE), the world’s third-biggest meme coin, is poised for a massive bull run as it has broken out of a bullish price action pattern. Following this breakout, heightened participation from traders and investors has been observed in the past few hours.
Traders and Whales Fuel PEPE’s Breakout Momentum
According to the recent report by the on-chain analytics firm Coinglass, PEPE’s open interest (OI) has skyrocketed by 13.56% in the past four hours and 5.6% in the last hour. This growing OI indicates increased trader interest in the meme coin.
Source: Coinglass
Alongside traders, whales and institutions also appear more engaged, resulting in a significant rise in large transaction volumes, as reported by the on-chain analytics firm IntoTheBlock.
Source: IntoTheBlock
PEPE Technical Analysis and Upcoming Levels
According to CoinPedia’s technical analysis, P
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