币界网报道：Pepe (PEPE) surged 8.66% in the past 24 hours, reaching $0.00000128 amid mixed market signals. The meme coin's trading volume spiked 42% to $58.6 million, while its market cap climbed to $538 million. However, on-chain data reveals concerning whale activity, with a major holder selling 1.97 trillion PEPE ($2.5 million) at a loss, potentially signaling bearish sentiment. Technical indicators show PEPE trading below key moving averages, with the 50-day EMA at $0.00000132 acting as resistance. The RSI at 45 suggests neutral momentum, though declining social volume and weighted sentiment indicate waning retail interest. Analysts note PEPE's correlation with Bitcoin remains strong at 0.89, meaning broader market trends could dictate its near-term performance. The token faces immediate resistance at $0.00000130, with support near $0.00000120. While the price bounce shows some recovery potential, sustained whale selling and weak on-chain metrics suggest caution for traders eyeing the meme coin's volatile moves. Market watchers are monitoring whether PEPE can maintain momentum above its 200-day EMA of $0.00000125 to confirm a bullish reversal.