Why Pepe is expected to register losses worth 35% in September

• PEPE has a strong bearish bias on the 4-hour chart.
• Selling pressure on the meme coin is significant, and further losses are expected in September.
• Fibonacci retracement and extension levels indicate support levels at $0.00000062 and $0.00000044.
• The market structure and RSI confirm the bearish trend.
• The 1-hour chart shows a short-term trading range for scalp traders.
• The Open Interest has increased, suggesting potential bidding from early bulls.

The sentiment of the article is negative, indicating a bearish outlook for PEPE.