The cryptocurrency market is showing signs of recovery amid easing geopolitical tensions, creating a positive atmosphere for investors.
Market Trends
After a downturn caused by global conflicts, the cryptocurrency market is starting to show signs of growth. Ethereum (ETH) is notably rebounding, trading around $2,425 after a recent low of $2,113.
Technical Analysis of Pepe
The meme coin **Pepe (PEPE)** is starting to attract investor attention. Market analysis shows that PEPE is forming significant technical structures, which may indicate the beginning of a substantial move. According to an analyst, the pattern observed on the ETH and PEPE charts suggests accumulation and reduced volatility.
Pepe's Forecast
If PEPE breaks above its current resistance, it could confirm the start of a new bullish cycle. If the technical pattern continues to develop as it has in previous cycles, PEPE might aim for a return to its historical high near the $0.0000028 range.
Watching the behavior of Pepe and other meme coins in the context of the overall market recovery is of interest to analysts and investors.
