The PEPE (PEPE) price has been experiencing mild selling and a decline due to resistance from a descending trendline. Buyers have lost momentum near the trendline and the price has dropped to the 200-day EMA. A crypto analyst predicts a potential reversal in the PEPE price. Buyers have shown involvement in the 4-H time frame, which could lead to bullish momentum. The current price is neutral and the market capitalization is $3.82 billion. The price has triggered a breakdown from a symmetrical triangle pattern and could potentially slip below the 200-day EMA, leading to strong selling. However, if the price defends the 200-day EMA, a buying signal can be generated. Increased trading volume during a breakout could indicate a longer bullish trend. The RSI is heading towards the oversold zone, inviting sellers. The overall sentiment is cautious due to a weakening RSI and a breakdown from the symmetrical triangle pattern. Vigilance is necessary to assess the next moves in this volatile market.



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