#PEPE : Will it Rise Higher ⁉️
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The overall trend for PEPE is down, but there's potential for short-term bullish momentum. A 25% move up to the top of the downtrend channel is possible if PEPE breaks out above the current level.
On the 1-hour time frame, PEPE shows potential for an uptrend after a double top reversal pattern. PEPE quickly recovered after Bitcoin's dump yesterday, a bullish sign, but it's gaining momentum slower than other cryptos like BNB.
The key level to break is between 90500 and 10000. Breaking above this level could trigger a short-term bullish scenario. Bitcoin's trend isn't strong but looks bullish; a breakout above 58400 could help PEPE rally higher.
The most likely scenario is PEPE won't break out above the current level and will drop back down to support around 7500. Wait for confirmation from Bitcoin's breakout before expecting a rally in PEPE.
