$PePe is doing exactly what most meme coins do after the hype phase: bleeding slowly while bag-holders cope.
Price is trending below key moving averages, momentum is weak, and every bounce looks like a dead-cat bounce, not real demand. Volume isn’t expanding — that means no serious buyers, just gamblers trading among themselves.
Support is getting tested again and again. That’s not strength — that’s erosion. If support breaks, downside opens fast because PEPE has zero fundamentals to defend price. No utility, no revenue, no reason for smart money to step in.
Yes, $PePe can still pump — meme coins always can — but those moves are liquidity traps, not investments. You’re betting on timing hype, not value.
Bottom line:
Trend: Bearish to weak
Buyers: Retail only
Risk: High
Long-term case: Basically none
PEPE
0.0₅393
-2.96%
PEPE
Alpha
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