The overall trend for PEPE is downward, but there's potential for short-term bullish movement. If PEPE breaks above its current level, it could rise by 25% towards the upper boundary of its downtrend channel. On the 1-hour chart, PEPE shows signs of a possible uptrend following a double top reversal pattern. Despite a recent recovery after Bitcoin's decline, PEPE's momentum is slower compared to coins like BNB. To signal a short-term bullish scenario, PEPE needs to surpass the key resistance level ranging from 90500 to 10000. Bitcoin's current trend is moderately bullish; a breakout above 58400 could further support PEPE's upward movement. However, it's likely PEPE may not break above its current level and could return to find support around 7500. Traders should await confirmation of a breakout in Bitcoin before anticipating a rally in PEPE.#CPI_BTC_Watch #Ethereum_ETFs_Expected_Date #BinanceTurns7 #SOFR_Spike

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