Memecoins Falter With PEPE Down Nearly 2%, End-of-Day Recovery Shows Underlying Demand

PEPE Falls 2% as Memecoins Weaken, Late Rebound Suggests Buyer Support

Meme token PEPE slipped nearly 2% over the past 24 hours to around $0.000007199, underperforming both the broader crypto market and the memecoin sector.

The CoinDesk 20 Index (CD20), which tracks the overall crypto market, rose 0.5%, while the CoinDesk Memecoin Index (CDMEME) dropped 1.91%, underscoring weakness across smaller, speculative assets.

Trading activity in PEPE remained within normal bounds, with volume just 7.55% above its weekly average, according to CoinDesk Research’s technical analysis model. The modest increase suggests the decline reflects routine profit-taking rather than a major sentiment shift.

For most of the session, PEPE printed lower highs, a sign of persistent selling pressure. The token traded within a narrow 3.5% range, lacking the volatility typically associated with sharp directional moves.

However, activity surged late in the day, with trading volume jumping to 4.53 trillion tokens—more than double the 24-hour average. The spike coincided with a quick rally to $0.000007421, now viewed as a short-term resistance zone.

After dipping to an intraday low of $0.000007184, the token rebounded above $0.000007210, indicating that buyers are showing interest at lower levels.

Overall, PEPE remains in a short-term downtrend, but the late-session recovery could mark the start of renewed accumulation—if follow-through buying emerges in the days ahead.

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