The PEPE cryptocurrency has been on a rollercoaster ride, reaching new heights on May 27 only to experience a significant correction in the following days. The price plummeted by 19.27% from its monthly peak, settling at $0.00000145 on June 5. However, a closer examination of the market trends reveals a crucial indicator that may signal a potential rebound.

The Santiment chart, a tool that measures the daily transaction value of a cryptocurrency, has revealed a fascinating trend. While PEPE's price has decreased, its 24-hour trading volume has dropped at a much faster rate. This disparity suggests that the market may be approaching a turning point, where the selling pressure subsides, and the bottom is imminent.

This phenomenon is not uncommon in the cryptocurrency market, where price fluctuations are often driven by investor sentiment. The recent profit-taking wave that led to the decline in PEPE's price may have exhausted the selling pressure, paving the way for a potential reversal. As the trading volume continues to dwindle, it may indicate a decrease in market participation, which could be a precursor to a trend reversal.

The significance of this trend cannot be overstated, as it may signal a buying opportunity for investors. If the bottom is indeed near, PEPE could be poised for a significant rebound, potentially surpassing its previous highs. The cryptocurrency market is known for its volatility, but trends like these can provide valuable insights for investors looking to make informed decisions.

In conclusion, despite the recent downturn, PEPE's market trends suggest that a bottom may be near. The significant decline in trading volume, coupled with the slower price decrease, may indicate a potential reversal in the market. As investors continue to monitor the situation, this critical trend could be the catalyst for PEPE's next move, potentially leading to a significant rebound in the cryptocurrency's value.