$PEPE has seen a 30% surge for three consecutive days, driven by Bitcoin’s rally above $105,000 following the Federal Reserve’s interest rate decision. Despite the rally, there are concerns that it could be a bull trap or a Dead Cat Bounce, where the asset briefly bounces before resuming its downtrend.
🔸 Is the rise of $PEPE a sign of an upward trend or just a corrective movement?
📉 Reasons Why the Rise Could Be Just a “Fake Recovery”
PEPE is still 50% below its 2024 high.
Continuation of the pattern of lower highs and lower lows indicates a downtrend.
The current recovery may be just a correction within a downtrend.
📈 When does the rise turn into a real bullish wave?
If the price crosses the 50-day moving average and breaks the upper boundary of the descending channel, it may continue to rise.
If this happens, the price could rise to $0.00002830, a 100% increase from its current level, especially with the appearance of a bullish flag pattern on the daily chart.
⚠️ Negative scenario: Are we witnessing a new decline?
If the price drops below $0.00001132, it will confirm that the rally was just a fakeout.
This could lead to a further decline towards $0.0000060, the coin's 2024 low.
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🔸 Analysts' predictions: Can $PEPE reach $0.000032?
Some analysts believe that PEPE could see a strong rally soon. In a post on X, one pointed to a bullish flag pattern, predicting a price rise to $0.000032, a 125% increase from the current level.
He believes that the bottom recorded by the currency this week could be the starting point for a new upward wave.
🎯 Do you expect PEPE to continue rising, or is it just a trap?
Share your opinion!
