PEPEUSDT

Hello traders,

I’m looking at the daily chart of PEPE, and what I’m seeing gives me a bearish outlook. First, the 200MA is being challenged again after a lower high. Next, the black line has turned into resistance after holding the double top structure. In addition to this, I’m seeing a series of lower highs. And if that wasn’t enough, the higher lows trendline has been broken.

This is why my bias is bearish.