The cryptocurrency market is showing signs of a pullback following yesterday’s rally triggered by the U.S. CPI data release.

Bitcoin (BTC) dropped from its 24-hour high of $110,384 to around $107,776 at the time of writing, applying downward pressure on major memecoins— including Pepe (PEPE).

PEPE is currently down by over 3%, but a closer analysis of the chart reveals that the asset may be gearing up for a potential bounceback. #MarketPullback #BinanceHODLerHOME #BinanceAlphaAlert #$BTC $PEPE