The PEPE token experienced a slight dip, falling nearly 2% to $0.00000719 in the past 24 hours. While the broader cryptocurrency market saw modest gains, PEPE’s performance lagged behind. This was reflected in its 1.9% decline relative to the CoinDesk 20 (CD20) index, a measure of top digital assets, which rose by 0.5%. Despite this pullback, trading volume for PEPE surged 7.55%, indicating profit-taking rather than panic selling. A late-session surge in volume provided a brief lift to the token, exceeding weekly averages and hinting at potential buyer support near $0.0000072. Although technical indicators show a downtrend, early signs of buying activity emerged during the afternoon. PEPE’s price bounced from intraday lows to a level above $0.0000072 as volume spiked, suggesting growing interest at these levels. This suggests that a potential rebound is underway. Analysts point out that if sustained support above $0.0000072 remains, this could pave the way for a gradual recovery in PEPE’s price.