Pepe (PEPE) is currently trading at $0.00000406, reflecting a 24-hour decrease of 1.85%. The daily price range has been relatively tight, with a high of $0.00000416 and a low of $0.00000400, indicating a volatility of 1.6E-7, which is low compared to historical norms.

The trading volume stands at 172,276,769, corresponding to a volume-to-market cap ratio of 10.13%. This suggests a healthy level of trading activity relative to its market capitalization, indicating ongoing interest from traders despite the recent price decline.

In terms of moving averages, the 8-period SMA shows a slight increase of 0.68%, while the 13-period SMA is flat at -0.07%. However, longer-term SMAs, such as the 21 SMA (-0.53%) and 55 SMA (-0.89%), reflect a bearish trend, suggesting that momentum is weakening over a longer time frame.

The 1-hour RSI is currently at 43, indicating that PEPE is nearing oversold conditions in the short term. In contrast, the 7-day RSI at 51 suggests neutral momentum, while the 14-day change shows a more positive trend of 3.51%, indicating potential strength in the medium term.

PEPE's all-time high stands at $0.00002803, achieved on December 9, 2024, which establishes a significant resistance level. The 30-day price change of -0.068 suggests that the asset has been underperforming in the short term, but the 7-day price change of 2.11% shows some recovery signs.

Given the current price action, relatively stable RSI readings, and the healthy volume metrics, PEPE appears to be in a consolidation phase. However, the declining trend in longer-term SMAs and the recent price drop warrants caution.

Recommendation: Hold. The asset has shown potential recovery signs in the short term, but the longer-term bearish indicators suggest waiting for confirmation of a trend reversal before considering new positions.