PEPE Rally Loses Steam as Price Breaks Below Ascending Channel

PEPE breaks below the ascending channel as price struggles near $0.00000447. Futures open interest falls 11%, while long liquidations reach $2.63 million. Buyers must defend $0.0000044 to prevent further declines toward $0.0000040. PepeCoin — PEPE, is experiencing renewed selling pressure after losing a critical technical support level. The meme coin has struggled to maintain momentum following a recent recovery. Derivatives traders h…