#pepe

$PEPE is still trading within a falling channel after forming a Golden Cross earlier this month — a typically bullish signal, but price failed to sustain momentum.

📉 Currently rejecting near the 200-day SMA, with downward pressure still in play.

🛡️ Crucial support at 0.000000850 — a break below could trigger a sharp move lower.

📊 Chaikin Money Flow trending negative, showing declining buying pressure.

⚠️ Watch for a clean breakout above the channel to flip bias bullish again.