I am often asked to analyze the $PEPE coin

(short and medium term) 🤔

Falling Wedge Pattern:

The price is moving within the falling wedge range, which is usually a sign of a possible bullish reversal. So far, the breakout has not occurred, which means that the price is consolidating and facing resistance at the wedge boundaries.

📊 EMA50:

The price is trading near the EMA50 without breaking it, which reflects market indecision. The EMA50 can act as a dynamic resistance or support level, so it is important to monitor the price behavior at this level.

☑️ Possible scenarios:

1️⃣ Bullish scenario:

If the price bounces off the bottom of the wedge and breaks the wedge and EMA50 with strong trading volume, we could see a new bullish wave.

2️⃣ Bearish scenario:

If the price fails to breakout, it may return to test the lower support levels $PEPE near $0.00000650 or lower, and continue trading.

#pepecoin🐸 #PepeCoinToTheMoon #Binance within the wedge range