PEPE Price Stuck Below Key Trend Line as Sellers Maintain Control

The price of PEPE is trading below a key trend line, indicating that sellers may still be in control.

This trend line has been a major barrier for buyers, and as long as PEPE remains below it, the bearish view will remain active.

According to More Crypto Online, there is no confirmation that the decline has ended, which means traders may need more price strength before calling a reversal.

A corrective wave 4 bounce cannot be ruled out, but such moves often happen before price resumes its earlier direction.