Pepe's listing on Coinbase resulted in its price reaching an all-time high, but it has since experienced an 8% pullback due to broader market correction. Despite this dip, bullish sentiment remains strong for the meme coin, indicating a potential uptrend revival and an attempt to reclaim its all-time high. The positive reading from the Elder-Ray Index confirms this bullish bias. PEPE's funding rate also suggests a preference for long positions among futures traders. If market sentiment improves, the meme coin could break through resistance levels and potentially rally beyond its all-time high. However, sustained decline in demand could push the price lower.



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