The Pepe Coin (PEPE) market exhibits caution as it develops a potential head-and-shoulders pattern on its chart. Analysts predict this pattern could signal a further decline in the meme coin’s price, potentially reaching as low as $0.00000185. This bearish prediction hinges on a drop below a key neckline level. However, whale accumulation is still ongoing, and support levels remain crucial for preventing further losses. Key Takeaways:**
* **Bearish Head-and-Shoulders:** The PEPE price chart reveals a developing head-and-shoulders pattern, suggesting potential slowing down of upward momentum. If the price fails to maintain higher highs, this pattern could confirm a downtrend.
* **Possible Drop to $0.00000185:** Analyst Ali Martinez suggests that if the neckline is broken below the current support level, prices might drop toward $0.00000185. This would represent a significant decline from its current trading levels and could extend losses well into late 2025.
* **Whales’ Accumulation Offers Hope:** Despite the bearish outlook, large wallets have been accumulating PEPE since February 2023. These