- Pepecoin sinks to $0.00001112 after a sharp pullback from recent highs.
- Market cap holds at $6 billion, showing it’s still a major player.
- Trading volume remains strong at $1.19 billion, proving active market interest.
Pepecoin has been on a rollercoaster lately, and today’s price action is no different. After trading as high as $0.00001465 in the past 24 hours, it has now dropped to $0.00001112. That’s a pretty big dip, and naturally, traders are wondering—are we looking at a normal correction, or is this the start of something more serious?
A quick look at the 24-hour range shows that PEPE has been bouncing between $0.00001278 and $0.00001465, meaning it was already facing resistance near the top. The fact that it fell below that level suggests that sellers had the upper hand today. However, if buyers step in at these lower prices, we could see a strong rebound.
Price Takes a Hit, But Is It Just a Shakeout?
Despite the dip, Pepecoin’s trading volume is still impressive. The 24-hour trading volume stands at $1.19 billion, which means traders aren’t ignoring this move. High volume during a decline can sometimes indicate panic selling, but it can also mean that big buyers are accumulating at lower prices. It’s too early to tell which is happening right now, but either way, it’s clear that Pepecoin is still one of the most actively traded assets in the meme coin space.
Another thing worth noting is Pepecoin’s market cap, which still sits at $6.03 billion. This tells us that despite the drop, the token isn’t losing its position in the market. If traders regain confidence, we could see a reversal sooner rather than later.
What’s Next for Pepecoin
Right now, PEPE is at a crossroads. If it manages to reclaim $0.00001250, it could make another run toward $0.00001450 and attempt to break resistance. But if the decline continues and it falls below $0.00001100, we might see further downside, possibly toward $0.00001000, where past support has held.
Meme coins like Pepecoin are known for extreme volatility, and today’s price action is just another example of that. While this dip might look scary, it’s not the first time PEPE has seen big swings. Whether this is a golden buying opportunity or a sign of more downside ahead depends on how the market reacts in the next few days. Either way, one thing’s for sure—Pepecoin is still making waves, and traders are paying attention.
