PEPE has been volatile recently. In the past 3 days alone, its price has fallen by 18.2%, approaching the key support level of $0.000009022. Previously, the price ended a period of consolidation on July 30.

The memecoin's price action has been noticeably down over the past few days, clearly different from the previous sideways trend. This is especially important because PEPE seemed to have collapsed from the consolidation phase a few days ago. Preventing this collapse in the coming days will be key to the altcoin's price action.