PEPE's current market trend is worth paying close attention to. The current price of 0.0058027 is in a clear predicament— the 5-day moving average of 0.0058919 has become a ceiling, and the short-term moving average system is all aligned above, forming multiple layers of progressive resistance.

From the overbought and oversold indicators, the RSI has fallen to 22.72. At first glance, it seems oversold and may present a rebound opportunity. However, the problem is that such extreme overselling occurs within an established downtrend, often serving as a relay signal before accelerating downward rather than confirming a bottom.

What is even more concerning is the trading volume. Recently, the volume has significantly shrunk, and market participation is severely lacking. Against this backdrop, the previous support level of 0.0057650 has almost no defensive strength—it's not an exaggeration to say it could break instantly.

All technical signals point in one direction: room to move downward. For traders with a risk appetite, the current price and trend indeed provide a clear operational approach.