📈 PEPE has performed well despite market downtrends, bouncing 35% since its lows on 1 May. Network growth and metrics analyzed by AMBCrypto indicate accumulation and reduced sell pressure, supporting the memecoin's bullish sentiment. 🚀

📉 The 30-day MVRV ratio turned positive as PEPE rallied 65% since mid-April lows. Mean coin age remains in an uptrend, suggesting potential for further gains unless Bitcoin sees significant downside. 💹

🔍 Dormant circulation remains stable, indicating reduced token movement and selling pressure. Positive sentiment persists with a steady increase in daily active addresses and network growth, signaling potential demand increase. 📊

⏳ Despite a bullish bias on the 12-hour price chart, capital outflow reflected by CMF at -0.08 raises concerns, though overall factors suggest PEPE could continue to see gains. 📈