The price of Pepe cryptocurrency has dropped by 65% from its all-time high, and there are concerns of further downside as smart money investors are selling off and a death cross pattern is approaching. The number of smart money investors and the tokens they hold have also declined. This decline in Pepe's price is in line with other Ethereum meme coins. Futures open interest has also decreased, indicating reduced demand. Technical indicators suggest that Pepe's price is at risk of declining further, including the formation of a death cross pattern and breaking below a descending channel. However, there is a potential positive sign of a falling wedge pattern forming, which could indicate a rebound in the future.



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