The cryptocurrency market continues to feel pressure from increased geopolitical tensions. Ethereum (ETH) and memecoins like PEPE are showing notable changes amidst this backdrop.
Overall Situation in the Crypto Market
The cryptocurrency market is experiencing volatility triggered by rising geopolitical tensions between Israel and Iran. In particular, the price of Ethereum (ETH) fell from a 24-hour high of $2,680 to around $2,580.
Fractal Pattern of PEPE and Prospects
PEPE has also not escaped the decline, losing over 6% in a day. However, a familiar fractal pattern is forming on the chart, which could indicate potential future growth similar to what was observed in 2024. At that time, the token significantly rose after a sharp correction.
Future of PEPE: Possible Scenarios
If PEPE replicates its trajectory from 2024, a breakout from the current Falling Wedge could lead to significant growth, potentially reaching the $0.000040 level, which indicates a possible 284% increase from current levels.
The current situation in the cryptocurrency market requires close monitoring of developments. For PEPE, a breakout from the Falling Wedge could mark the beginning of a new growth phase.
