PEPE has decreased by 0.66% in the past 24 hours, with volatile price movements, dropping as much as 2.33% to reach a weekend low of $0.00000588. After rising 80.15% between January 1 and 4, this meme coin has retraced 18.32%, underperforming Bitcoin's mild 1.02% decline this week. Although the daily chart shows a bullish structure, PEPE has broken below the key supply zone of $0.0000062-$0.0000072, which has now turned into a resistance level. Traders are advised to wait for the price to fall back to the demand zone of $0.0000044-$0.0000050 or to break above $0.0000072 to confirm the trend.