The cryptocurrency market is experiencing volatility as Donald Trump's inauguration day arrives. New Trump-backed memecoins show growth, while PEPE declines.
Cryptocurrency Market Overview
With Donald Trump's inauguration, new dynamics are observed on the market: **Official Trump (TRUMP)** and **Melania Meme (MEME)** exhibit a bullish trend. Meanwhile, **Pepe (PEPE)** has declined more than 13%, trading around **$0.00001774**.
Analyst Insights
Crypto analyst **@ChandlerCharts** has identified a potential trend reversal for PEPE on the **4-hour chart**, observing a **classic bullish divergence**. This insight is supported by higher lows in the Relative Strength Index (RSI), potentially signaling a price recovery.
Future of PEPE
The bullish divergence on PEPE’s chart suggests that a momentum shift might be underway. If this pattern plays out, PEPE could rebound in the short term. Investors should watch for trend reversal confirmation, such as a breakout above resistance levels. However, caution is advised, as failure to maintain RSI support could lead to further declines.
While attention is currently focused on TRUMP and MEME, PEPE could regain investor interest, particularly if technical indicators align with a broader recovery. The analysis suggests a potential opportunity for PEPE in the coming days.
