PEPEUSDT PEPE is currently in a corrective phase after a failed upside continuation, but this type of retracement is common in high-volatility meme cycles. The key observation is that sell pressure is slowing while downside momentum is flattening on MACD. This often signals exhaustion of short-term sellers. While trend is still weak in the immediate term, the market is approaching levels where reactive bounces typically form. If support continues to hold, PEPE can transition from distribution pressure into a relief recovery phase.
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