The PEPE token has experienced a 3.86% decline over the past 24 hours, bringing its price down to $0.00001509, amidst a broader retracement in the crypto market. Despite this short-term pullback, PEPE has posted a weekly gain of 26.30%, extending its impressive monthly rise of 126.30%. Over the past year, PEPE has yielded a remarkable return of 1,135.41%, outperforming major cryptocurrencies like BTC, ETH, and SOL.

Pepe's Trading Volume Surges, Surpassing DogWifHat

PEPE's 24-hour trading volume has surged to $2.50 billion, surpassing DogWifHat's $821 million, signaling potential for an upcoming rally despite the current price correction. This robust performance indicates strong and widespread investor interest in PEPE.

Technical Analysis Points to Potential Rebound

PEPE's relative strength index (RSI) has fallen from 65 to 15 in the past 24 hours, suggesting that PEPE is oversold and poised for a price bounce. However, PEPE has dipped below its week-long positive trendline, indicating weakening bullish momentum. The meme coin's 30-day moving average is trending upward above the 200-day moving average, continuing last week's trend, which suggests a continued uptrend.

Upcoming Ethereum ETFs and Market Sentiment

PEPE is likely to witness bigger price gains once the market as a whole picks up more steam, which could happen once the recently approved Ethereum ETFs launch next month. The temporary correction may be what PEPE needs in a build-up to significant inflows.

Exploring Newer Low-Cap Meme Coins

Given that PEPE has already accumulated a $6.4B market cap, traders looking for quicker and bigger gains may do well to investigate some of the newer low-cap meme coins primed to explode, such as Sealana.

Sealana: The Latest Solana Meme Coin

Sealana, the latest Solana meme coin, is capturing the attention of meme fans, degens, and crypto enthusiasts, with some speculating it has 100x potential. Sealana's presale is in its final phase, raising over $3 million so far, indicating significant interest from investors and whales. Although SEAL is built on Solana, it can be purchased with SOL, ETH, or BNB at a presale price of $0.022 per token, which is the last fixed price before the coin launches on exchanges.

In conclusion, while PEPE has experienced a short-term pullback, its robust trading volume and technical indicators suggest a potential rally ahead. As the crypto market anticipates the launch of Ethereum ETFs, newer low-cap meme coins like Sealana are gaining traction, offering investors opportunities for significant gains.