The price action of PEPE is facing headwinds as analysts point to a growing bearish narrative. Multiple timeframes reveal potential support and resistance zones, oversold conditions, and patterns that suggest further downtrend. Analysis highlights a completed head-and-shoulders pattern on the weekly chart, with price breaking below the neckline, indicating bearish pressure. Further evidence of this comes from major resistance and support blocks on the 1H timeframe, suggesting repeated rejections and renewed downward pressure as PEPE approaches key price levels. The 1D chart shows oversold conditions, with the downtrend continuing, while supply and demand zones are shaping near-term expectations for PEPE price action.