PEPE недавно demoustrated a brutal selloff. The price retreated from the $0.0068 high to $0.0063731, and many are still debating whether to catch the bottom. From a technical perspective, this doesn't look like a simple pullback-and-bounce rhythm.

During the previous rally, major players lured retail investors to take positions, and the subsequent consolidation became an ideal window for reducing holdings. After chip rotation was complete, selling pressure emerged. The current price faces significant resistance, and rebound heights are essentially capped.

Even if there is a rebound, don't be overly optimistic. Rally heights often become the starting point for the next wave of decline — this is a common pattern in sector movements. At this level, rather than blindly catching the bottom, it's better to wait for the counter-rally to consider shorting opportunities. The market signals are already clear enough.