$PEPE Price Compressed Ahead of Potential Breakout
The price of $PEPE has been experiencing a downtrend in its short-term price action.
Currently trading at around $0.0000027, the asset has dropped by 2.36% and seen its daily trading volume plunge by over 17% to $173 million.
Despite appearing bearish at first glance, the chart shows that $PEPE is forming a symmetrical triangle, indicating compression ahead of a potential breakout in either direction.
A decisive breakout above the triangle's resistance would signal bulls regaining control and pave the way for the next leg higher.