The price of Pepe (PEPE), a memecoin with a frog theme, has dropped by 40% in the last month. The token experienced a brief increase in value, but has since struggled to maintain momentum and now faces potential further decline. Analysts are cautioning that if support levels are not met, the price of PEPE could drop to $0.0000031. The recovery of the token will depend on the direction of the broader cryptocurrency market.
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