📉 PEPE Price Drop: Pepe (PEPE) has recently experienced a 32.6% drop, retracing to $0.00001131 after reaching its all-time high of $0.00001724. The current price is $0.00001264, up 3.17% in the last 24 hours but down 16.74% over the past week.

🔄 Support Level and Buying Opportunity: PEPE has pulled back to a confluence point at the $0.00001131 support level, which aligns with an ascending trendline that has been retested several times in the past two months. This retracement presents a potential buying opportunity for traders looking to capitalize on the dip and position themselves for the next surge.

💹 Market Metrics:
Market Cap: $5.3 billion, up 3.17% in the last 24 hours.
Trading Volume: $860 million, down 35.8% in the last 24 hours.

📈 Increased User Activity:
Active Addresses: Surge in daily active addresses and transaction volumes over the past few weeks, with peaks surpassing 200,000 active addresses in a 24-hour period.

Transaction Volume: Data indicates a higher volume of transactions in profit, suggesting increased user activity and potential accumulation.

🔍 Technical Indicators:
Stochastic RSI: Oversold at press time, signaling a potential price reversal.

MACD Histogram: Crossed above the signal line, indicating a potential bullish crossover.

💡 Conclusion:
PEPE's current dip presents a potential buying opportunity due to:
Surge in active addresses and transaction volumes.
Strong support along the ascending trendline.
Oversold conditions on the Stochastic RSI.

However, if the support fails to hold, further dips in price may occur. Investors should weigh these factors before making any decisions.