I have been monitoring PEPE for seven months, and recently there have been some interesting technical changes. The daily candlestick just broke below the 10-day moving average, and the MACD red histogram is gradually converging, which usually indicates that market momentum is waning. More notably, on-chain monitoring data shows that the number of active addresses involved in large transfers is continuously increasing, often reflecting signs of abnormal activity by major funds. From a technical perspective, there is still considerable room for a pullback below the current price level. If you are also paying attention to this asset, this stage is indeed worth focusing on.