Amid the recent uncertainty in the crypto market, the Pepe coin price performance in early September was marked by significant volatility. Initially, the coin moved within two converging trendlines recognized as a bearish pennant pattern. While the sideways movement during this chart formation reflects the market’s indecisive nature, a recent breakdown from its support trendline intensifies supply pressure. On September 10th, the Pepe Coin price gave a bearish breakdown from the support trendline of the bearish pennant pattern. This development, along with the rising supply pressure across the altcoin domain, resulted in the coin’s value plummeting by an alarming 14.4% within a span of 48 hours.