PEPE has fallen about 13% in the past week, currently priced at $0.000003865, down 4.44% in the last 24 hours. Analysts Ali Martinez and MisterSpread have both identified a head and shoulders pattern on PEPE's weekly chart, confirming a bearish signal after the neckline breakdown. Martinez predicts that the price will drop to the next support level of $0.0000017, while MisterSpread warns that if key support levels are breached, the price could fall by 60% to 70%, highlighting the extreme volatility and high risk in the altcoin sector.