Pepe (PEPE) experienced a nearly 5% decline, attributed to a broader market trend favoring Bitcoin, whose dominance surpassed 65%. The drop comes after PEPE's attempts to recover failed, continuing its recent downward trajectory characterized by volatility and significant selling pressures. The price fell to $0.000009499, with key resistance at $0.00001013 and short-term support around $0.00000946. Initially gaining traction as a meme coin, recently revived interest from high-profile endorsements like Elon Musk has faded. The shift towards Bitcoin has dampened the appeal of altcoins like PEPE, leading to a significant rotation in investor sentiment amid increased uncertainty. Technical analysis highlighted a 16.1% price range, with resistance and support levels shaping trading activity. The future of PEPE will rely heavily on market conditions, particularly how investors approach riskier assets versus established cryptocurrencies.

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