In a crypto market facing a broader retracement, PEPE token stands out with slight growth, showcasing signs of potential resilience and investor interest.

Over the past 24 hours, PEPE has experienced a modest 0.39% increase, reaching a price of $0.00001415. While this growth contrasts with the market's overall downturn, PEPE has recorded a weekly loss of 12.55%, partially reversing its impressive monthly rise of 67.28%. Notably, PEPE has delivered a remarkable return of 1,299.26% over the past year, outperforming major cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and SOL.

This robust performance underscores strong and widespread investor interest in PEPE, evident in its recent surge in 24-hour trading volume to 1.52B. The short-term momentum suggests a potential rebound for the meme coin.

Technical analysis reveals that PEPE's relative strength index (RSI) has fallen from 65 to 30 over the past 48 hours, signaling oversold conditions and potential undervaluation. The coin's ability to successfully retest the $0.00001411 support level would indicate a temporary retracement rather than a complete shift in momentum, bolstering investor confidence.

The current trading volume of $800M, along with recent whale inflows, hints at significant market activity and potential large-scale investments. However, a decisive break below the support level may signal further downside for PEPE.

Despite short-term fluctuations, the long-term trend remains bearish, as indicated by the downward trajectory of the 200-day moving average (blue) and the 30-day moving average (yellow). Failure of the 30-day moving average to trend upward could indicate insufficient momentum for a sustained uptrend.

While PEPE lacks inherent fundamentals, it often follows market-wide trends. Roaring Kitty's recent $180 million position in GameStop and subsequent surge in meme coin activity serve as potential catalysts for increased PEPE activity.

In conclusion, while PEPE demonstrates resilience amidst market retracement, its short-term outlook remains contingent on its ability to maintain support levels and attract investor interest amid broader market dynamics. As the crypto landscape continues to evolve, PEPE's performance will be closely monitored by traders and investors alike.