The PEPE price experienced a notable 13.49% drop over the past 24 hours, trading at $0.000006081 and currently marking a market capitalization of $2.55 billion. Despite this decline, trading volume surged by 262%, reaching a value of $1.11 billion in just 24 hours. This increase in trading activity, coupled with the price’s range-bound movements between $0.00000785 and $0.000007052 over the last day, suggests growing market interest, even amidst bearish signals. 196.1 billion PEPE tokens were recently sold by a large whale wallet through an investment transaction worth $1.3 million, raising concerns regarding PEPE’s future performance and stability. The sale of such significant amounts can significantly impact market sentiment and price trends. While the global crypto market faces a sell-off due to President Donald Trump’s new import tariffs across various products, China and Vietnam’s imports are also facing increased tariffs exceeding 50%, adding to the overall bearishness in the cryptocurrency landscape. These recent events combined with increasing bearish indicators from technical analysis, suggest a likely continuation of PEPE’s downward trend, with the price support at $0.00006000 and simultaneous resistance set at $0.00006330. If PEPE successfully breaks past this resistance point to target $0.00007000, it could signal a potential price recovery.