PEPE experienced a typical oscillation in the past 24 hours. The price fluctuated around $0.0000058, and the overall market sentiment remained cautious — not overly bullish nor panicking.

From a technical perspective, there are several signals worth noting. The RSI indicator dropped to 13.27, an extremely oversold level, which historically suggests a potential rebound is imminent. Meanwhile, the price has stabilized above the demand zone, and a recent low is higher than the previous low, indicating a possible bottom formation with higher lows and higher highs.

However, the good news is not entirely positive. The MACD histogram has fallen back near the zero line, indicating that the previous upward momentum has exhausted. More importantly, the 7-period EMA is clearly below the 25-period and 99-period EMAs, a classic bearish alignment, suggesting the short-term trend remains downward.

Background factors also cannot be ignored — the entire meme coin sector has recently experienced a large-scale sell-off, with PEPE declining by 9% during this period. Nevertheless, community expectations for 2026 remain optimistic, with many analysts believing that, given its strong community base and viral nature, PEPE could enter a more robust upward cycle in the future.

In short, it's an awkward position — a rebound signal has appeared, but the momentum has yet to recover.