Despite the bearish market conditions, PEPE has maintained its position above a critical support level, with investors refraining from significant selling. This reduced selling activity, coupled with declining active deposits, indicates decreased intent to liquidate assets and provides a buffer against further losses. The altcoin's price has struggled to recover due to an elevated Network Value to Transactions (NVT) Ratio, which reflects increased network activity relative to transaction activity. However, as this ratio stabilizes and network activity aligns with transaction volume, PEPE could find the support needed to initiate a rebound. The altcoin's price is currently trading at $0.00001696, with this level serving as a critical support floor. If maintained, PEPE could aim for $0.00002062. However, a failure to break above $0.00001785 and flip it into support could weaken the altcoin's ability to hold $0.00001696 and leave it vulnerable to further decline.



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