🚀🚀🚀 $PEPE Price increased by 23% today: Why is it a bull trap?
Pepe (PEPE) Price Analysis: Recent Trend and Future Outlook
Price fluctuations:
- Pepe (PEPE) has gained 24% in the past 24 hours, recovering along with the overall market rally. However, the price is still down 34% over the past week, after falling 51% amid the recent #bitcoin☀️ crash.
Technical analysis:
- Descending Channel: PEPE price has been confined within the descending channel, recently bouncing off the lower boundary. This recovery suggests a possible short-term reversal.