The crypto market continues to struggle, with Bitcoin dominance climbing to 61,47% and putting pressure on altcoins. PEPE has taken a major hit, losing 8% in the past day and extending its monthly decline to 45%.

Signs of a Potential Reversal

Despite the downtrend, technical indicators suggest a possible recovery. Analyst @JohncyCrypto highlights a broadening wedge pattern forming on the 4-hour chart. PEPE, which previously faced rejection at $0,000021 on January 17, is now trading at $0.0000094, hovering just above a key support level.

Will PEPE Regain Momentum?

A breakout from this formation could drive a strong rebound, with analysts watching key resistance levels to determine the strength of the recovery. Buying interest is increasing at current prices, signaling a possible shift in sentiment. However, Bitcoin dominance and Ethereum’s performance remain critical factors. If broader market weakness persists, PEPE may struggle, but a confirmed breakout could pave the way for a significant rally.