PEPE just dropped 8.6% to $0.056, but it’s holding a key support level.

Volume is down, and price action is narrow — the market is calm but leaning slightly bearish.

Interestingly, PEPE is beating BTC and ETH in relative terms, showing some resilience.

RSI is oversold and MACD is bearish — so short-term momentum is weak.

For a bounce, it needs to clear $0.05666, but long-term