PEPE to $0.00001 Journey Faces Unexpected Resistance, What's Next?

Pepe (PEPE) experienced a 22.67% price boost over the past week as it neared the milestone of erasing a zero from its value. However, the coin hit a major barrier at $0.0000090, leading to a stall in its upward momentum. Trading volume fell by 13.93% to $747.7 million in the last 24 hours, signaling reduced market participation. This setback has raised concerns among investors, as the coin now hovers around $0.000008772. Market analysts point out that the lack of active trading by many investors and the resistance at key price levels create an environment ripe for further declines. Additionally, whale activity plays a critical role; substantial accumulation by large holders could revive the rally, whereas sell-offs might continue to exert downward pressure.