Pepe coin recently surged 36% weekly, hitting $0.0000137. This frog-themed memecoin now trades near $0.0000123. Daily charts show strong resistance at $0.000013. Derivatives data reveals a significant jump.
Futures open interest climbed 35% to $654.8 million. This signals traders expect major movement.
However, the funding rate sits at 0.0135%. Long-position buyers pay a premium, suggesting possible overextension. Technical analysis hints at a pullback. A cup and handle pattern is forming.
