PEPE Token Surges 2.21% Amid High Volume and Volatility—Key Support Levels Under Watch

PEPEUSDT saw a 2.21% increase in the last 24 hours, currently trading at $0.00000416 on Binance, with trading volume around $193.6 million. The recent price movement is attributed to ongoing consolidation around key support levels, increased deposits of PEPE tokens to exchanges suggesting possible selling pressure, and mixed technical signals including a bullish MACD and an RSI nearing the overbought zone. Market participants are closely monitoring for a breakout, as conflicting analyst opinions and high wallet concentration continue to fuel volatility. PEPE maintains a circulating supply of over 420 trillion tokens, and recent cybersecurity concerns and macroeconomic developments have added to market uncertainty.