PEPE has experienced a significant price drop of 27.5% this week, currently trading at $0.057228. The cryptocurrency is moving within a narrow range, with support at $0.056534 and resistance at $0.057268. This price action has resulted in the formation of a descending triangle pattern, suggesting potential consolidation and reduced volatility. Traders are closely watching the volume and order flow around the support level for indications of either reaccumulation or further price declines. The current market conditions highlight the importance of monitoring these technical indicators to anticipate future price movements.