Pepe (PEPE) is currently trading at $0.00000588, reflecting a significant decline of approximately 5.93% over the last 24 hours. The price has fluctuated within a daily range of $0.00000582 to $0.00000625, indicating a relatively tight volatility band with a 24-hour volume of 304,081,873, equating to a volume-to-market cap ratio of 12.33%.

Technical indicators reveal a bearish short-term sentiment, as the 1-hour RSI sits at 29, suggesting oversold conditions. Moving averages show a consistent downward trend, with the 8 SMA at $0.00000591 down 0.45% and the 55 SMA at $0.00000610 reflecting a more substantial decline of 3.54%.

In the mid-term, the 7-day RSI of 51 indicates a neutral stance, while the price change over the past 7 days has been positive at approximately 4.07%. However, the longer-term perspective is concerning, with a 14-day price change of -15.43% and a 30-day change of -22.13%, highlighting ongoing downward pressure on the asset.

The all-time high of $0.00002803, reached on December 9, 2024, serves as a distant target, emphasizing the potential for recovery if market conditions improve. However, the current bearish momentum and technical indicators suggest a challenging environment for upward price movement in the near term.

Given the current price action, weak technical indicators, and historical performance, a Sell rating is recommended. This assessment is based on the prevailing negative trends, high resistance levels, and lack of bullish momentum in both short and long-term perspectives.