PEPE Fails to Reclaim Key Support Amid Exhausted Momentum

PEPE is struggling to hold above $0.0000040 after a 9% weekly rally stalled at $0.0000050.

The token's price action is caught between two narratives: it remains above its 200-day EMA, but momentum is visibly exhausted and the RSI is backing off after a minor surge.

PEPE relies on momentum to survive, but its recent price action suggests that demand is hesitating rather than piling in.

The token's market capitalization is $1.7 billion, with spot volume of around $34 million on Binance - a thin profile for a coin of its size.