‼ ️Tensions in the Middle East are rising‼ ️

‼ ️How is the price of Pepe (PEPE) doing‼ ️

As tensions in the Middle East have recently intensified and Iran has reacted violently to Israel's attacks, the price of PEPE and other meme coins has been hit hard.

The current panic stems from the Iranian government's reaction to the assassination of Hezbollah leader Hassan Nasrallah at his underground headquarters in Beirut.

Last night, the Iranian military launched 180 missiles at Israel and Palestine, causing chaos in world markets.

As global markets panic, the price of Bitcoin plummeted by $4,000, with interest losses as high as $1 billion.

Some speculated that market makers were trying to punish the over-leveraged "Uptober" market by manipulating FUD-induced moves.

However, meme currencies continue to dominate the market and are more volatile than "blue chip" currencies such as Bitcoin, which is obviously a mixed blessing.

How is the price of Pepe (PEPE) performing in the face of increasing tensions in the Middle East?

Currently, PEPE is trading at $0.00000987, reflecting a 24-hour trend of +2.04% as it battles an ascending dome pattern on the hourly chart.

Despite a sharp 12% drop in PEPE due to tensions in the Middle East, PEPE has remarkably maintained price support above the 20DMA at $0.00000938.

The RSI has cooled to a stable signal at 58.45, and the MACD has seen a positive divergence at 0.0000007, providing more bullish confirmation as the 200DMA continues to rise.

Following this, the PEPE price remains in a bullish pendant pattern, which means that we can expect to see further upside volatility when Bitcoin recovers.

(If you are still underwater, can't see the rise and fall, and can't choose potential currencies, pay attention to my profile, pin my homepage, and share the profit code every day. Just come to me)

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