PEPE has recently entered a consolidation period, with prices hovering closely around the support line of $0.00001. Although there are occasional rebounds, bearish pressure still exists and could pull it down at any time. However, crypto expert MasterAnanda indicates that this decline is actually a result of a market correction, and is not particularly related to PEPE itself. To be honest, despite the unfavorable market conditions, the overall crypto market remains relatively strong and resilient. This year, the crypto space has experienced several rounds of significant ups and downs, peaking in May, hitting new highs in July, and continuing to progress amidst fluctuations.

Speaking of PEPE, analysts also believe that its trading structure is quite stable. The price is firmly stuck in the range of $0.00001 to $0.000011, without breaking below the critical support line. Moreover, the low point in June is higher than before, indicating that after the sharp decline, it is unlikely to reach new lows.

Looking at the trading volume, PEPE's daily trading volume has dropped from the peak of $5 billion in July to the current $1.2 billion, shrinking over 70%. This indicates that both buyers and sellers are taking a wait-and-see approach, and the market has calmed down a bit. Overall, while PEPE faces pressure, it is holding its ground, and there are still chances for a rebound in the future. #PEPE‏