PEPE Price Faces Pressure: Crucial Support Under Threat

The price of the frog-themed meme coin PEPE (PEPE) is currently under pressure, as its value approaches a critical support level. Recent data shows a decrease of 5.65% in the past 24 hours, with PEPE trading at $0.000001247. Despite this drop, PEPE has still gained 8% weekly. Overall, the broader crypto market is showing signs of fatigue following a recent rise, with major tokens hinting at profit-taking and traders seeking to rotate their positions. However, there’s optimism around ETFs, stablecoins, and wider adoption.