PEPE Consolidates Near $0.0566, Market Awaits Key Support and Resistance Levels

PEPE token is currently trading at $0.056684 with a 0.7% increase, following a Death Cross on October 1st. The token is consolidating in a descending triangle pattern between $0.056445 and $0.056693. Market participants are closely monitoring key support at $0.056445 and resistance at $0.056693 as the token’s future direction hangs in the balance. 0.8% growth compared to Bitcoin and 0.5% compared to Ethereum reflects a strong performance despite decreasing trading volumes. 0.8% growth against Bitcoin and 0.5% against Ethereum highlight this strong performance, but the tight consolidation range of the descending triangle pattern suggests decreasing volatility and potential for a breakout.