Mr Arham

06/20 15:13

PEPE recently formed a classic Cup-and-Handle p

PEPE recently formed a classic Cup-and-Handle pattern, typically a bullish setup. However, the pattern failed to ignite a breakout above $0.00001200, and the price retreated inside a falling channel instead. 

Despite this, the descending structure remained intact at press time, with the bulls continuing to defend the $0.00001014 level. 

Meanwhile, the Stochastic RSI has entered the oversold zone, hinting at a possible short-term bounce. 

Still, the price must break above $0.00001280 to confirm a bullish continuation and invalidate further downside risk.

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