The bearish outlook for Pepe as its price hovers around $0.0000068 after falling more than 18% the previous day. On-chain data shows a decline in daily active addresses and trading volume, indicating reduced demand. The technical analysis suggests a further correction, with the Relative Strength Index (RSI) approaching oversold levels. If the downward momentum continues, $PEPE could extend its decline by 16% to retest its August 5 low of $0.0000058. The bearish sentiment is further supported by declining trader interest and liquidity.

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