PEPE PEPE on the Edge 🚨 | M Pattern Forming — Bears in Sight or Fakeout Ahead? 🐸📉
The chart is whispering something… and it’s shaped like a big M 👀🧩. PEPE might be entering bearish territory, with a possible M pattern taking shape on the 4H and daily charts. But in memecoin land, nothing is certain — and fakeouts are always lurking. 🕵️♂️⚡
🔍 Chart Analysis:
The formation looks textbook — a double top structure 🏔️ with resistance around recent highs. If confirmed, this could trigger sell pressure increasing rapidly 💣📉. The RSI is flattening 💤 and there's no clear breakout above neckline resistance — caution is key. MACD bearish crossover may also be incoming if momentum doesn’t shift soon 🧠🔄.
📉 Volume? It’s sketchy.
While we saw some volume spikes on the way up 🚀📊, there’s a noticeable decline in buy volume recently 🐢🔽. This could signal weakening bullish conviction and market uncertainty returning.
🐋 On-chain whispers:
There’s whale distribution happening quietly — large wallets are trimming exposure 💼🚪. At the same time, exchange balances are rising, hinting at prep for potential selloffs 🏦⚠️. Wallet growth is slowing, and community hype is cooling — classic pre-dip behavior.
💬 Social vibes? Mid.
Sentiment across X is divided 😐 — some calling for a breakout, others bracing for correction. Keywords like Pepecoin, Wif, and even Floki are trending again, but PEPE chatter is losing steam.
🔥 BUT WAIT!
This is PEPE — the memecoin that breaks rules. Fake breakdowns followed by explosive pumps aren’t rare. Bear traps are common in this zone 🪤🐻. So while the M pattern screams caution, smart traders are watching for a trap reversal 🎯📈.
⏳ Don’t FOMO or panic. Play the pattern, not the hype. Manage risk wisely, and remember: patience pays off 💼⏱️.
Will PEPE break down or bounce back stronger? Time’s ticking. Stay sharp out there! 🐸🧠🌀
⚠️ Not financial advice — always DYOR 🧠📚
PEPE
0.00001307
-1.58%