$PEPE is experiencing a downtrend, with a 6% decrease, now priced at $0.000001175. On the 4-hour candlestick chart, $PEPE is showing a potential double top and M pattern, indicating a likely further decline.

These bearish formations suggest that the price could drop to $0.000001116. Traders should be vigilant and monitor these technical indicators closely, as they often precede significant downward movements.

Staying informed and cautious is crucial in such volatile markets. Keep an eye on support and resistance levels, and be ready to adjust your strategies accordingly.

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