The chart shows the daily price movements of the $PEPE pair. The formation here is a symmetrical triangle. Triangle formations typically indicate consolidation periods, and after these periods, a strong breakout can occur.
The upper and lower lines of the triangle mark the areas where the price is being compressed. At this point, the breakout direction will determine the future price movement. If the price breaks out to the upside from the top of the triangle, the chart suggests a potential rise of 351%. This could push the price up to the 0.00003383 level. $DOGS
However, if the price breaks below the lower trendline, a downtrend could follow. Therefore, these levels are critical decision points. The price is currently near the middle of the triangle, and more volume and momentum are needed to confirm a breakout. $TON
In your opinion, which direction do you think PEPE might break out from this triangle?