$PEPE is attempting to stabilize after a volatile pullback, with recent on chain behavior suggesting a shift in positioning rather than broad capitulation. Notable accumulation by larger holders points to continued conviction at current levels, while improving momentum indicators hint at a short term recovery phase. At the same time, the structure remains fragile, as price is still sensitive to key support zones and ownership concentration heightens volatility risk. Overall, PEPE reflects a market balancing renewed optimism against structural risks typical of highly sentiment driven assets.
{spot}(PEPEUSDT)
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