$PEPE 🚀🔥 Pepe (PEPE) Bear Flag at Chart: Caution as Sellers Tighten Their Grip 📉⚠️

🍉🍉🍉🍉🍉🍉🍉🍉🍉🍉🍉🍉

🦑🦑Pepe (PEPE) is forming a bear flag on the chart, a classic bearish continuation pattern suggesting that downside risks remain elevated 🌪️📛. After a sharp retracement from recent highs, price has been consolidating in a tight, rising channel—often a pause before another leg lower 🧊🌿. On-chain flows confirm this caution, with large holders sending more tokens to exchanges and distribution steadily outweighing fresh accumulation 🐍📤.

🌿🌿🌿🌿🌿🌿🌿🌿🌿🌿🌿🌿🌿🌿🌿

📉📉Momentum is weak and trending negative. RSI has failed to reclaim neutral territory, sitting in a range that shows buyers lack conviction 🍇🧭. MACD histograms are still red, and short-term moving averages have flattened out, capping attempts to regain strength 🍋🎢. Volume has also faded during each bounce inside the flag, a warning that rallies are driven by short covering rather than real demand 🎯🦕. In derivatives markets, funding rates are slipping negative again, while open interest remains high—indicating traders are bracing for potential continuation lower 🌾🔥. A decisive breakdown of this pattern could unleash a wave of stop-loss selling and deeper losses 🚧🦋.

🍄🍄🍄🍄🍄🍄🍄🍄🍄🍄🍄🍄🍄🍄🍄

🌼🌼Fundamentally, PEPE retains strong meme coin momentum and a committed community 📡🌈. But in the short term, the technical setup is tilted heavily to caution, with price action still struggling under persistent supply pressure 🦦🌫️.

🌺🌺🌺🌺🌺🌺🌺🌺🌺🌺🌺🌺🌺🌺🌺

🦚🦚Traders should monitor the flag boundaries carefully. A breakout with volume could negate the pattern, but failure to defend support will likely confirm the bear flag and accelerate downside. Stay alert and manage risk tightly as volatility increases 📊⚡.