📉 $PEPE Coin Volume & Social Dominance Drop: What This Means for PEPE Price

📊 Volume and Social Dominance Decline
Pepe Coin's daily trading volume has plummeted to $1.4 billion, a sharp drop from $18 billion in November. Similarly, social dominance remains far below its peak levels. While this usually signals a decline in interest, it could also hint at accumulation by smart money investors preparing for a potential rally.

📈 Mixed Technical Signals for PEPE
On the daily chart, PEPE holds above its 50-day and 100-day moving averages, showing resilience. Additionally, a break-and-retest pattern at $0.00001751 suggests potential upward continuation. However, the rising wedge pattern forming since December hints at a possible bearish breakdown if key levels fail.

⚠️ Head & Shoulders Pattern Raises Concerns
The price action also hints at a Head & Shoulders (H&S) pattern, with the head at $0.0000283 and the neckline at $0.000017. If this bearish setup plays out, PEPE could face a correction toward $0.00001715 in the short term.

🚀 Key Price Targets for PEPE
For a bullish breakout, PEPE must surpass $0.000026 to invalidate the bearish H&S pattern. If successful, this could pave the way for further gains, while faiure to hold key support may trigger a pullback.

🔍 Conclusion
PEPE sits at a critical juncture, with technicals showing both bullish and bearish signals. Traders should watch closely for confirmation above or below these key levels to gauge the next major move.