I am in no way advocating pepe here, but that chart looks like perfectly healthy correction to me when early investors take profit. That happened in the start of shiba too.
I feel like pepe could do max 5x from here, might be more if the altcoin summer happens, but it isn't dropping a lot. So i might eat my own dogfood and buy pepe with a leverage. Not too huge leverage as i am not at all certain where the bottom is