$PEPE
price is experiencing significant downward pressure, having crashed 30% and testing critical support within a descending triangle pattern.
This bearish pattern suggests a gradual surge in selling pressure as buyers remain hesitant to intervene.
The selling pressure is further underscored by a dramatic 97% decline in large holder netflows over the past nine days, from 3.77 trillion to 95.44 billion.
This sharp drop in netflows indicates a substantial reduction in accumulation activity among major holders, potentially signaling further downside risk for PEPE price if the current support level is breached.