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Pepe (PEPE) shows a bearish flag pattern on the chart—a classic sign that further declines may be coming 📉⚠️. After a sharp drop from recent highs, the price is now moving in a narrow ascending channel, which often signals a pause before a new drop 🧊🌿. On-chain data supports caution, with large holders transferring more tokens to exchanges and sales exceeding purchases 🐍📤.

Momentum is weak and leans bearish. The RSI has not returned to neutrality, indicating that buyers lack strength 🍇🧭. The MACD remains negative, and short-term moving averages have flattened, limiting any attempts at a rebound 🍋🎢. Volume is decreasing during the rises within the flag, suggesting that these are short-covering moves rather than genuine buying demand 🎯🦕. In derivatives, funding rates are turning negative again, while open interest remains high—indicating that traders expect the bearish trend to continue 🌾🔥. A clear break below the flag could trigger stop-loss orders and larger losses 🚧🦋.

Despite this, PEPE still enjoys strong enthusiasm for meme coins and a loyal community 📡🌈. However, short-term technical prospects are bearish, with ongoing selling pressure keeping the price under control 🦦🌫️.

Traders should closely monitor the boundaries of the flag. A break with volume could invalidate the bearish pattern, but if support fails, the bearish flag will likely be confirmed, driving prices lower. Stay vigilant and manage risks carefully as volatility increases 📊⚡.#Write2Earn #Write2Earn!