• PEPE fell 1.59% to $0.00000676, and its market cap reached $2.84 billion.
• Analyst Ali Martinez warns that a neckline break could drive that move price towards $0.00000185.
• Trader sentiment sees the explosive move downwards as a possible correction in liquidity ahead of a bullish reversal.

Pepe Coin (PEPE) faced renewed pressure today, slipping 1.59% to 0.00000676 amid heightened market volatility. Analysts believe that the decline may result from market manipulation or a deliberate liquidity correction, potentially preparing the ground for a strong bullish reversal in the days ahead.

Pepe’s​‍​‌‍​‍‌ price dropped, with the token losing 1.59% of its value in the last 24 hours and trading near $0.00000676. Its market cap is $2.84 billion. The sharp fall shocked the shareholders so that a vast majority of them are now questioning whether it is indicating a more significant correction or preparing for the next ​‍​‌‍​‍‌rally.

Pepe Faces Potential Breakdown Toward $0.00000185

Pepe is drawing market attention as analyst Ali Martinez highlighted that a developing head and shoulders pattern, technically. Bullish technical setup that this bearish technical pattern has caused concern amongst speculators, signaling potential southward momentum during the ensuing sessions, if areas of support fail to hold.

According to technical analysis, a validated breakdown of that neckline could trigger a further decline, as PEPE might slide towards $0.00000185. Such estimation translates to intensification of caution amongst traders as tokens continue facing heightened volatility amid fluctuating liquidity and short-term profit-taking.

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Eyes on PEPE’s Next Breakout Level

The recent dip, though sharp, might be a strategic reset rather than a bearish reversal. As noted by MMBTtrader on TradingView, typical shakeouts like this clear out excess leverage and make way for a more sustainable price increase once liquidity stabilizes.

Despite the sell-off, the token’s community remains hopeful. Meme coins like PEPE often experience extreme volatility, with sudden price swings creating both risks and opportunities. Many holders believe this correction is temporary and could soon give way to renewed upward momentum.

A sustained recovery could confirm that this downturn was merely a setup for a stronger rally ahead, reaffirming tokens among the leading meme coins in the crypto market.

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