PEPE is currently trading at $0.00001248, experiencing a minor decline of 1.5% over the past 24 hours. The price has fluctuated within a daily range of $0.00001211 to $0.00001305, indicating some volatility but relatively stable trading activity given the volume of over 7.85 billion.

The hourly moving averages present a mixed picture, with the 8, 13, and 21 SMA showing negative trends, while the 55 SMA and 144 SMA indicate upward momentum at 5.59% and 16.71%, respectively. The current 1-hour RSI of 42 suggests the asset is nearing oversold conditions, while the 7-day RSI of 62 indicates a neutral to slightly bullish sentiment over the past week, underscoring recent strong performance with a 29.42% price increase.

The strong volume-to-market cap ratio of 149.56% signifies robust trading activity, implying strong interest in PEPE despite the recent price decline. This level of engagement supports the idea that PEPE remains a significant player in the market, especially as it approaches its all-time high of $0.00002803 from December 2024.

Given the combination of declining short-term moving averages and an oversold hourly RSI, there may be a short-term correction in the price. However, the longer-term indicators, including a positive trend in the 55 and 144 SMAs, suggest that PEPE could be positioned for recovery.

In conclusion, the analysis indicates a Hold rating for PEPE. While there are short-term bearish signals, the overall upward trend in longer time frames and significant trading volume present opportunities for potential gains in the near future.