The recent decline in the price of Pepe Coin can be attributed to several factors:
1.Technical Patterns: Pepe Coin has been experiencing bearish technical patterns, such as an inverted pennant pattern and a rising wedge pattern. These patterns have led to increased selling pressure and further declines in priceprice
2.Market Sentiment: The broader cryptocurrency market has seen increased volatility and uncertainty, which has also affected memecoins like Pepe Coin. The market's response to regulatory news and macroeconomic factors has added to the bearish sentiment
3.Key Support Breakdown: Pepe Coin recently broke below a critical support level, which has triggered a significant sell-off. This breakdown from the support trendline has solidified the bearish momentum and led to expectations of further declines
