PEPE Price Drops 2% Amid Memecoin Market Decline, Late Recovery Signals Potential Rebound

The PEPE cryptocurrency experienced a nearly 2% decline as memecoins faced broader market pressures. Despite the downward trend, a late-session bounce indicated emerging buyer interest and potential support levels. The memecoin sector continues to demonstrate volatility with PEPE showing signs of possible recovery amid challenging market conditions. Technical analysis suggests the late-day upward movement could signal strengthening buyer momentum in upcoming trading sessions.