Crypto Star
06/19 15:30
Pepe (PEPE) To Bounce Back? Key Fractal Hints Pote
Pepe (PEPE) To Bounce Back? Key Fractal Hints Potential Upside Move
The cryptocurrency market continues to face heightened bearish volatility amid growing geopolitical tensions between Israel and Iran. Ethereum (ETH), one of the market leaders, has dropped by over 7% in the last 7 days, now hovering near $2,530. Unsurprisingly, memecoins like Pepe (PEPE) are also under pressure, with PEPE logging a 14% weekly decline and a nearly 17% drop over the past month.
However, despite the red candles, a closer look at the charts suggests a potential bullish reversal may be brewing — one that mirrors a powerful fractal seen in Coinbase Global Inc. (COIN) stock.
Fractal Suggests Bullish Reversal Ahead
A comparative chart by Max highlights a notable similarity between PEPE’s current structure and COIN’s previous price action. In the COIN chart, the stock formed a clean falling wedge, followed by a bullish breakout that triggered a major upside rally.
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