$PEPE Traders, please note that since $PEPE hit a low of 0.00000833 on October 3, 2024, its trading against USDT has been fluctuating within a parallel price channel, forming multiple new highs and lows. However, recently, this upward momentum seems to be weakening, and the market may face a significant price drop.

Key price points to closely monitor include:

- The PEPE price has repeatedly bounced off the lower boundary of the channel, as indicated by the yellow circles, but recently the strength of these bounces has noticeably weakened, both in terms of price and trading volume.

- The price has failed to break through the key resistance levels of 0.00001116 and 0.00001093 on two occasions, as indicated by the red markers, which suggests insufficient upward momentum.

- If the price tests the lower boundary multiple times without a strong rebound, this is undoubtedly a potential warning sign indicating that the market may be on the verge of a correction.