#PEPEUSDT Price action shows a clear downtrend, which is confirmed by the recent period of lower highs and lows on the 4-hour timeframe

Some key support and resistance levels:

Resistance 1 (R1): 50-day exponential moving average (EMA) ($0.00000874)

Resistance 2 (R2): 200-day EMA ($0.00001033)

Support 1 (S1): Previous low ($0.000007)

Support 2 (S2): Psychological area ($0.000006)

If Pepe coin price action fails to break through the current resistance, it could drop by 21% to $0.000006

The recent candlestick chart formed a bearish continuation pattern after a brief consolidation, which could lead to further declines. The current pattern looks like a potential bearish flag

The current downtrend shows that Pepe is in a corrective wave pattern, and further declines are possible as the bearish momentum continues

Technical indicators show that the price of Pepecoin may continue to fall in the short term

The price is below the 50 EMA ($0.00000878) and 200 EMA ($0.00001033), with strong bearish momentum, while the relative strength index (RSI) is 47.45, slightly below the neutral level but not oversold, and there is room for further decline$PEPE