Can Pepe Bounce Back? Bearish Cypher Pattern Signals Short-Term Upside

The cryptocurrency market has faced a sharp downturn, driven by negative sentiment fueled by recent political conflicts between Elon Musk and Donald Trump. Bitcoin (BTC) and Ethereum (ETH) experienced minor fluctuations, while memecoin Pepe (PEPE) saw a significant decline of 6% in intraday trading, adding to its already substantial weekly losses. However, technical analysis suggests a potential bullish turnaround for PEPE may be brewing.