In the past four hours, the PEPE/USDT pair has exhibited notable volatility, reflecting the high-risk nature of meme coins. Initially, PEPE saw a brief surge in buying pressure, pushing the price upward as traders sought to capitalize on short-term gains. This pump, however, was met with quick resistance at key levels, leading to a sharp correction shortly afterward.
The pullback came as speculative traders locked in profits, causing PEPE to retreat to its support levels. The price has since oscillated between minor gains and losses, indicating indecision among market participants. Low liquidity and market sentiment around meme coins seem to be driving these sudden movements, creating unpredictable swings.
Technical indicators such as RSI show PEPE nearing oversold territory, hinting at potential buying opportunities if the price continues to drop. However, MACD reflects weak momentum, suggesting the market is lacking direction and is waiting for either bullish or bearish catalysts.
PEPE/USDT remains highly volatile, with traders taking a cautious stance, recognizing the coin's speculative nature. The next significant move could depend on broader market trends or news-driven hype, typical of meme coins
