Pepe (PEPE) is still on traders’ radars despite the 6% dip from its weekly high.

As the coin’s momentum slows, some are wondering if PEPE is even worth holding anymore.

Meanwhile, the new meme project Pepe Unchained (PEPU) has got people talking – and some early backers believe it could be a better investment than the OG frog coin.

Is PEPE’s Price Dip the End of the Rally or Just a Temporary Setback?

PEPE is now trading around $0.0000103.

That’s a sizable drop from Tuesday’s local high, but crucially, it’s still above the $0.000010 support level.

PEPE has mostly trended down in the past few days, cooling off after Monday’s big rally.

But it’s not all bad news.

With $890 million in trading volume over the past day, PEPE is still the second most traded meme coin.

It’s also held onto more gains than some of its popular peers, like WIF and POPCAT.

Interestingly, open interest has also increased slightly in the past two days.

This could mean traders are positioning for another move up.

It’s hard to say, but given the market structure, this dip might be temporary.

Plus, since PEPE is known for its volatility, a sudden rebound wouldn’t be surprising.

It’s a typical part of the PEPE trading experience.

Analyzing PEPE’s Market Position – Should Investors Buy the Dip?

So, is it time to invest in PEPE after this latest dip?

Let’s break it down.

The meme coin sector is still hot, with most top coins posting gains in the past day.

Overall spot volumes are up 6%, and Bitcoin is approaching $68,000 again.

These are bullish signs for the crypto market in general.

Looking at PEPE specifically, the token is showing some resilience.

On the 4-hour chart, it dipped below the 50-period EMA but bounced back fast, which is a positive sign.

Plus, it’s still in a clear uptrend on the same timeframe.

For those interested i