PEPE is currently in a ranging and bearish trend

PEPE continues its bearish trend, moving within a descending channel. The price scenario suggests another downward move before attempting to break through the top of the channel.

6/21/20241 min read

PEPE price chart showing a bearish trend within a descending channel, with potential for another dow
PEPE price chart showing a bearish trend within a descending channel, with potential for another dow

PEPE is currently in a ranging and bearish trend, continuing its movement downward. It has been moving within a descending channel for quite some time, consistently trending lower.
The scenario suggests another move downward, from where we might see an attempt to break through the top of the channel.