PEPE Holds Key Support Level as Volume Surge Points to Whale Trading Activity

Core Insights - PEPE's price increased by 0.67% over the last 24 hours, trading between $0.000007205 and $0.000007265, indicating stability above a crucial support level [1] - Trading volume surged, reaching 2.70 trillion tokens, which is 72% above the daily average, suggesting active management by large holders rather than panic selling [2] - The top 100 non-exchange addresses on Ethereum increased their holdings by nearly 1% to 306.7 trillion tokens, while PEPE on exchange wallets decreased by 0.95% to 232.59 trillion tokens [3] Technical Analysis - PEPE faces resistance between $0.000007260 and $0.000007270, with a potential for further gains if it breaks above this range [4] - A drop below the support level of $0.000007090 could indicate a bearish trend [4] - The broader crypto market, as indicated by the CD20 index, declined by 0.2%, while the memecoin sector, represented by the CoinDesk Memecoin Index (CDMEME), rose by 1.6% [4]