Pepe (PEPEUSD) declined in recent intraday trading, remaining under the control of the short-term downtrend along a descending slope, with ongoing negative pressure as the price holds below the 50-period SMA. This weakness is reinforced by bearish signals from the RSI, which had reached extreme overbought levels, amplifying the downside risks.

Therefore, we expect the coin to continue its decline in upcoming sessions, particularly if it breaks below the key support at 0.00000912, targeting the next support level at 0.00000816.

Todays price forecast: Bearish.