#MarketTurbulence Baby PEPE today: Potential upward opportunities amid strong market fluctuations – Here’s the price, support, and resistance analysis ⚡
PEPE is currently trading at around $0.00001066 with a daily trading volume ranging between $1.2 and $2 billion, and a market capitalization between $4.4 and $5.9 billion, making it one of the top 30 cryptocurrencies in the market. The current price is below the short-term moving averages EMA20 and EMA50, reflecting short-term selling pressure, but it does not indicate a complete collapse, especially after the appearance of a positive candlestick pattern like last week's bullish engulfing, which may indicate a potential upward rebound in the coming days.
In the medium term, the price is moving within a symmetrical triangle, and a breakout above the upper limit at $0.00001350 could push the price up by 20 to 30 percent reaching $0.00001550 – $0.00001750.