$PEPE 's recent price movement indicates a potential rally on the horizon, despite a 3.86% dip in the past 24 hours amid broader market corrections.

However, its resilience is evident as it boasts a weekly gain of 26.30% and a staggering monthly increase of 126.30%, outperforming major cryptocurrencies like BTC, ETH, and SOL last year with a remarkable 1,135.41% surge.

The surge in PEPE's daily trading volume to $2.50 billion, surpassing DogWifHat's $821 million, signals a rebound in investor interest despite the temporary price setback.

Technical analysis suggests PEPE may be oversold, potentially indicating a buying opportunity as it hovers near its week-long positive trendline. While a short-term correction is possible, the overall uptrend is supported by the rising 30-day moving average surpassing the 200-day average.

The recent uptick in trade volume by 12% further supports the bullish sentiment, especially as traders shift focus from assets like DogWifHat, which experienced an 8.71% decline in the previous month.

As the market gears up, PEPE could witness significant price rises, especially with the anticipated debut of Ethereum ETFs next month, potentially prompting a surge in investor inflows.

Overall, PEPE's resilience and growing trader interest suggest a promising outlook for the meme coin in the near future.

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