PEPE +137.28% in 24 Hours Amid Volatile Market Conditions

On SEP 2 2025, the price of PEPE surged by 137.28% within a 24-hour period, reaching $0.00000969. This sharp increase followed a prolonged downturn marked by a 597.45% drop over the past seven days, a 51.81% decline over the past month, and a staggering 5190.38% decrease over the course of a year. Despite the recent rebound, the broader trend remains bearish, with traders and observers closely monitoring signs of stabilization or further volatility.

The 24-hour rally was attributed to a surge in trader sentiment following a series of off-chain announcements. While no official upgrades or protocol changes were disclosed, a growing number of on-chain participants noted an increase in short-term speculative activity. Traders began to interpret the bounce as a potential reversal signal, especially given the asset’s prior multi-year lows. However, many analysts remain cautious, emphasizing that the move has yet to be confirmed by broader market adoption or sustained volume.

Technical indicators have shown mixed signals in the wake of the 24-hour rally. The Relative Strength Index (RSI) has moved into overbought territory, suggesting that the recent gains may be exhausted in the near term. Meanwhile, the Moving Average Convergence Divergence (MACD) has started to show signs of divergence, with the histogram narrowing despite the price increase. These mixed signals indicate that while the short-term move has been significant, the long-term bearish bias remains intact.