“PEPE appears to have completed its deviation from the range highs and has regained acceptance within the range. It is now targeting the lows of the range and realistically below that… Some altcoins take more hits than others.

Alternatives with a lot of open space below, such as PEPE, have minimum downside targets that are 30%-40% lower. At larger bottoms, losses of between 60% and 70% may occur.”