PEPE: Will It Go Higher ⁉️

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The general trend of PEPE is down, but has the potential to create short-term upward momentum. A 25% rally to the top of the downtrend channel is possible if PEPE breaks above current levels.

On the 1-hour timeframe, PEPE shows bullish trend potential after a double reversal pattern. PEPE quickly recovered from Bitcoin's price drop yesterday, a bullish sign, but its price increase is slower than other cryptocurrencies such as BNB.

The key level to break is between 90500 and 10000. A break above this level could trigger a short-term bullish scenario. Bitcoin's trend is not strong but appears bullish; A breakout above 58400 could help PEPE move higher.

The most likely scenario is that PEPE will not break out above current levels and will fall back towards support around 7500. Wait for confirmation from Bitcoin's breakout before expecting PEPE to recover. #Write&Earn $PEPE