🐸 PEPE/USDT Potential double top formation, but key details are missing for full confirmation. Here's the analysis:

📈 Key Observations:

1. Peak Structure:

   - First Peak: ~$0.00001362 (highest point visible).

   - Second Peak: ~$0.00001307 (lower high).

   - Valley (Trough): ~$0.00001243 (current price).

2. Breakdown Signal:

   - The price ($0.00001243) has fallen below the valley between the two peaks, a critical trait of double tops.

   - It also broke below the 7-period MA ($0.00001271), reinforcing bearish momentum.

3. Volume Context:

   - Current 24h volume is 24.53T PEPE (high), but the 5-period MA volume (4.45T) exceeds current volume (2.37T). Declining volume after the second peak would strengthen the pattern — this isn't visible here.

4. Neckline Missing:

   - The screenshot doesn't show a clear neckline (support level connecting the lows between peaks). Without this, the pattern isn't fully confirmed.

5. Bearish Indicators:

   - -3.79% daily drop.

   - Price is below key MAs (7-period > 25-period > current price).

   - RSI data isn't shown, but the drop aligns with double top behavior.

Conclusion:

✅ Likely Double Top – The two distinct peaks, lower high, and breakdown below the trough are present. 

⚠️ Unconfirmed – Missing neckline breach and volume validation.

Next Steps: 

- Monitor if price holds below $0.00001220 (24h low = neckline proxy). 

- A close below this level with rising volume would confirm bearish reversal. 

- Watch MACD/RSI for divergence (not visible in your data).

Meme coins like PEPE are volatile, so use stop-losses. Always cross-verify with full chart tools. 🐸

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$PEPE