Memecoins attract traders' attention: PEPE shows volatile dynamics amid market changes

The meme coin market is experiencing a period of active re-evaluation, with the PEPE token at the center of these processes. Currently, the asset’s price demonstrates complex dynamics, reflecting the struggle between bulls and bears in this overheated speculative segment of the cryptocurrency market. Over the past seven days, the asset has decreased by 11.87%, highlighting the volatility characteristic of meme coins amid changing market sentiment.

Technical Picture and Trading Volumes

Despite the recent decline, PEPE’s trading volumes remain impressive, with a 24-hour turnover of $2.62 million. This indicates that trader interest in the asset has not completely disappeared. The technical structure of the price points to the formation of key support and resistance levels, where decisive short-term trend decisions will be made.

Open interest in derivatives suggests that speculators are actively positioning themselves on this asset. The price breaking through significant technical barriers could trigger cascade movements, attracting new market participants. Behavior in the zones of historical resistance will be a critical factor in determining the future trajectory of quotes.

Market Capitalization and Positioning

The current market capitalization of PEPE is approximately $2.49 billion, reflecting the scale of investor interest in this asset despite its speculative nature. This figure remains significant for the meme coin segment, confirming that even during correction periods, the asset maintains its place in traders’ portfolios.

PEPE’s dynamics are characterized by alternating periods of activity and calm, which is typical for assets of this class. When speculative appetite returns, meme coins usually lead the recovery; however, the current cycle requires careful monitoring of technical signals and volume behavior at critical levels.