$PEPE Title: Pepe (PEPE): A Bearish 'M' Pattern Warns of a Double-Top Reversal as Meme Hype Peaks
Paragraph: The Pepe token is etching a stark and concerning bearish 'M' pattern—a classic double-top reversal—signaling that its recent parabolic rally has likely reached a speculative climax and is now at high risk of a significant downturn. This pattern is defined by two prominent peaks at a similar price level, separated by a moderate trough, indicating that buying momentum was exhausted and rejected at the same resistance point twice. For a sentiment-driven meme coin like PEPE, this structure vividly illustrates the lifecycle of its viral hype: the first peak represents the initial frenzy, the trough a period of hopeful consolidation, and the failed second peak the definitive exhaustion of the narrative as the broader market rotates to newer trends. The completion of this 'M' formation suggests that the community-driven buying pressure has been overwhelmed by distribution from early holders taking profits. A breakdown below the pattern’s support level (the valley between the two peaks) would confirm the reversal, potentially triggering a steep decline as PEPE’s value recalibrates from speculative mania to a price level dictated by its diminished social momentum and absent fundamental utility.$PIPPIN $POWER
