The PEPE price has risen by 6% in the last 24 hours, though maintaining this increase may be difficult.
PEPE has seen a 24% drop over the last ten days, significantly impacting investors and decreasing participation to a five-month low as holders avoid network transactions.
On-chain metrics reveal low participation throughout Q2. This trend may persist unless market cues improve by Q3 ending.
The market is currently fearful, as shown by the Fear and Greed Index; however, slightly bullish signals could aid altcoin recovery.
The PEPE price is stuck between $0.00000977 and $0.00000702, and breaking these barriers could lead to gains and renewed investor confidence.
