The price of PEPE token has been relatively stable around $0.000007 this week. Over the past four days, it has consolidated near the 21 and 50-day moving averages, ranging from $0.000005 to $0.000009, formed over the past six weeks. Price chart analysis indicates PEPE is on the verge of a significant upward movement, especially if it can break the downtrend line since December 2024. This could potentially push the price quickly towards the 200-day moving average at $0.000013 or higher, experiencing a short-term 100% growth. Additionally, a ‘three-legged flag’ pattern has emerged in the PEPE chart, suggesting pressure for a significant breakout in either direction. However, current market conditions do not entirely align with this bullish outlook. Despite easing trade war concerns after Trump’s tariff delay, the US economy showing signs of weakness and the Federal Reserve not inclined to aggressively lower interest rates. Nevertheless, if market sentiments gradually improve, PEPE still holds growth potential in the coming weeks.
