#MarketRebound

PEPE faces critical support at $0.0000188 amid bearish pressure.

Buying pressure rises, but whales’ sell-off signals mixed market sentiment.

PEPE, a prominent memecoin, has witnessed significant market turbulence recently. Trading at $0.00001793 at press time, the token has recorded a 0.18% dip in the past 24 hours. Its trading volume also decreased by 12% during the same period. Over the last week, PEPE has dropped by 22%, marking a 37-day low of $0.00001441 just three days ago. The token remains 36% below its all-time high (ATH) of $0.00001837, achieved two weeks prior.

Memecoins, known for their reliance on market hype, tend to suffer significant losses during corrections but rally strongly under favorable conditions. This raises the question of if $PEPE is on the cusp of a bull run.