The PEPE/USDT 4-hour chart shows a trend of rising followed by falling. The price has broken below the middle band of the Bollinger Bands after reaching a high, indicating short-term downward pressure.

In terms of technical indicators, the RSI three lines are flattening, showing no obvious overbought or oversold conditions, and the trend signal is relatively weak. In the MACD indicator, the DIF line has crossed below the DEA line, forming a green histogram, indicating that bearish strength is increasing.

Based on the current technical analysis, there may be two possible scenarios for future trends:

1. If the lower band of the Bollinger Bands can effectively support the price, the market may stabilize and see a rebound.

2. If the price falls below the lower band of the Bollinger Bands, it may continue to fall.

However, it is worth noting that the cryptocurrency market is influenced by multiple factors, including market sentiment and breaking news, resulting in high volatility and uncertainty. Therefore, investors need to remain vigilant and closely monitor changes in trading volume and the movements of key technical indicators.

When making trading decisions, it is recommended to consider multiple factors comprehensively and not rely solely on a single technical indicator. At the same time, due to the high uncertainty of the market, risk management becomes particularly important. It is advisable for investors to operate cautiously and manage their positions well.