📉 $PEPE /USDT – Bearish pattern on the 8h chart

An "double top" pattern has formed on the 8-hour timeframe, which often indicates the potential for further decline if the price consolidates below the neck line.

Current price: 0.00001110

Local maximum of the pattern: 0.00001269

Local minimum (neck line): 0.00001091

🔑 Key support levels:

$0.00001091 — critical neck line

$0.00001050 — first target for decline

$0.00000980 — extended target according to the classic pattern

📈 Resistance zones:

$0.00001150 — local barrier for growth

$0.00001200 — upper correction zone

$0.00001269 — maximum of the pattern

⚠️ Risk: Breaking and consolidating below $0.00001091 will increase selling pressure and open the way for a deeper decline. However, if buyers hold this level, a false break and return to a sideways trend may occur.

📌Addition: Personally, I believe in PEPE and will continue to buy on further dips, as the reversal can happen at any time! My goal is at least 0.00001800🎯