Should PEPE traders prepare for market volatility as the potential for a short squeeze increases?

PEPE traders are advised to brace for ongoing volatility as potential for a short squeeze develops. The memecoin market capitalization dropped by 48% in the last year. Currently, PEPE demonstrates weakness with bearish charts.

Bitcoin’s recent downturn affects PEPE’s price stability. Traders should remain cautious as PEPE is likely to follow Bitcoin’s trends. The possibility of a short squeeze could arise if there are sudden price increases.