PEPE's recent trend has indeed been a bit ugly. From a technical perspective, the price has been continuously declining, and the RSI indicator has already fallen to around 47, indicating that market selling pressure is indeed fermenting.

What’s even more concerning is that a bearish alignment has already formed, with little support below. Retail investors' buying volume is also scattered and can't support the downward momentum at all. To be honest, this kind of trend is a typical precursor to a downward breakout, and it's still unclear where the bottom will be.

The current price has already dropped to 0.0066176. From a short-term perspective, there may still be room for this decline to continue, and the oversold deep pit still needs to be further explored. If there are contract traders, they should be cautious at this position. The market’s rhythm is still downward, and at least in the short term, there’s no sign of a rebound momentum.