Pepe Coin's price has been consolidating sideways ahead of the Bitcoin halving, reflecting the broader market influence. The memecoin has shown stability but is approaching crucial support levels, suggesting potential for a renewed upward movement.

📉 Technical Pattern and Potential Correction
Pepe Coin has exhibited a downtrend over the past month, forming a channel pattern that typically precedes a breakout. If selling pressure persists, the coin may test lower trendline support around $0.0000035. However, upcoming market developments, including Coinbase Advanced's launch, could trigger a bullish reversal.

📈 Potential Breakout and Recovery Targets
A breakout above the channel pattern could propel Pepe Coin towards $0.00001084, signaling a shift in market sentiment favoring buyers. Technical indicators like the Exponential Moving Average (EMA) and Moving Average Convergence Divergence (MACD) suggest a bearish trend, but market dynamics could shift with significant news events. 🚀