Ethereum Price Nearing Breakout: Rising Triangle Pattern Emerging

The PEPE price is showing signs of breaking out as a rising triangle pattern develops under the crucial $0.0085 resistance level. The current market dynamics show both bulls defending support near $0.0070 and bears pushing back against any upward momentum. This tight-knit structure has created a converging triangle, hinting at a breakout or breakdown in the coming days. Analysis suggests two potential scenarios: either PEPE will overcome the resistance, leading to a significant rally towards $0.0131, or it might fail to break through, potentially sending prices down to $0.0060.