PEPE Faces Critical Breakdown Threat as Head and Shoulders Pattern Signals Slide to $0.00000185

An analyst has identified a completed head and shoulders pattern on PEPE's weekly chart, indicating potential downward momentum toward a target of $0.00000185. The pattern features a left shoulder formed earlier in the year, a head that marked the peak, and a right shoulder developing in recent weeks with lower highs. The neckline is now the crucial decision level, with price action sitting directly above it, currently near $0.00000053, showing weakness.

Fibonacci retracement levels add clarity, with the 0.618 and 0.786 lines already failing as support, and the price moving toward full extension zones at 1.272 and 1.414. The projected slide is expected to occur in stages if sellers gain control, with the final target aligning with the analyst's outlook. This structure has sparked strong online traction among traders, who debate whether liquidity will support the breakdown or lead to rapid rebounds.

Concurrently, PEPE is trading in a tight range between $0.054816 and $0.055113, posting a 0.3% daily decline to $0.055004. Market discussions are influenced by December policy expectations, including speculation of a third U.S. rate cut and unconfirmed claims of up to $3 trillion in Federal Reserve liquidity injections. Traders monitor these factors alongside technical levels, with historical chart visuals showing past surges contrasting the current muted movement, keeping interest high in near-term volatility.