Pepe Coin is facing significant challenges this week as its price continues to decline, forming a descending triangle pattern that signals potential further losses. This situation is exacerbated by increased selling activity from large investors, known as whales. As the third-largest meme coin after Dogecoin and Shiba Inu, the performance of Pepe Coin is crucial for the broader cryptocurrency market, and its struggles could impact investor sentiment and market dynamics.

The price of Pepe Coin has hit a crucial support level, suggesting that it may face an even steeper decline following the formation of a descending triangle pattern. This situation is concerning for investors as it indicates potential further losses, highlighting the volatility and risks associated with cryptocurrency investments.