PEPE is currently priced at $0.000001392, showing a slight decline of 2.17% over the last 24 hours. Although the figure seems stable, it reminds investors of a time when the cryptocurrency market faced stagnation. Nevertheless, most digital assets, including BTC and ETH, have moved past the bearish phase and are edging closer to their all-time highs. Now, coins like PEPE need to sustain their upward momentum to deliver favorable returns.

There is an expectation that PEPE will soon reach $0.000002, requiring it to maintain its current trajectory into the next year. Despite experiencing a low point of $0.00000103 in recent months, its recent performance has been commendable.

Investors are being urged to consider long-term commitments, given the absence of a bullish trend across the cryptocurrency landscape. PEPE needs to uphold its value above $0.000001 to sustain positive sentiment. Presently, PEPE has seen a 30.56% increase in the last 7 days and a 23.53% surge in the last 30 days. Despite a decline of 94.36% in the 24-hour trading volume, the market cap has only slightly reduced by 2.95%.

Projections for PEPE suggest it may end the year at $0.0000023, with a potential floor of $0.0000010 before the new year begins. The coin's current trading position above daily Exponential Moving Averages (EMAs) indicates a robust recovery trend. However, volatility remains a factor that could disrupt this trend, although the slope of the Average Directional Index (ADX) indicates a bullish momentum, albeit with temporary pauses.

As Bitcoin drives the resurgence of the broader cryptocurrency market, reaching above $40,000, expectations are high for it to reach $65,000 by the end of 2023. Ethereum (ETH) is also expected to benefit, with projections indicating a rise to $4,000. Despite a slight decrease in the last 24 hours, both Bitcoin and Ethereum have shown promising gains over the last 7 and 30 days, influencing the overall sentiment of the cryptocurrency market, which could also impact PEPE's trajectory.