$PEPE PEPE Faces Downtrend ๐ธ๐ | Bearish Trend Deepens as Momentum Fades ๐ป๐
๐ฌ PEPE is losing steam โ and the charts are screaming caution. The memecoin hype has cooled, and weโre now seeing a clear bearish trend unfolding across both technicals and sentiment ๐จ๐ป.
๐ Lower highs and lower lows are stacking up on the chart โ a textbook bearish structure ๐งพ๐. The RSI is flattening below midline, showing no signs of strength from bulls ๐ฏ๐. Meanwhile, the MACD just printed a bearish crossover, signaling that downward momentum could accelerate ๐๐ป.
๐ฅ Volume spikes are appearing during red candles โ clear evidence of increased sell pressure ๐๐ฃ. Buy volume is thinning out fast, and dip-buyers are hesitating. Thatโs not bullish.
๐ On-chain, the signals are flashing red: whale distribution is underway, and exchange balances are rising again ๐ฆ๐ค. PEPE is heading back into CEXs โ likely to be sold off. Wallet growth is stagnating, another bearish signal ๐ซ๐.
๐ Social sentiment is fading โ the memes are quiet, and the noise is dying down across Twitter/X ๐ฆ๐. PEPE thrives on hype, and right now, the silence is deafening.
โ ๏ธ If this bearish trend continues, PEPE could bleed into deeper support zones. Traders need to manage risk, avoid FOMO traps, and wait for true reversal signals before getting back in. Donโt fight the chart. ๐๐
PEPE might be fun, but the market isnโt laughing right now. Stay sharp. ๐ง ๐งฏ
โ ๏ธ Not financial advice โ always DYOR ๐ง ๐