The Frog-themed meme cryptocurrency PEPE has experienced a significant decline of over 26% in the past 24 hours and a shocking overall decrease of 67% from its all-time high in December. However, despite the drop in price, PEPE's trading volume has increased by 237%, suggesting growing interest from traders. The price decline has caused PEPE to fall below key support levels, but its potential rebound may depend on broader market conditions, particularly the performance of Bitcoin and other major cryptocurrencies. If selling pressure persists, PEPE may face further downside risk.



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