Despite the current downtrend of the Pepe coin, it is showing potential signs for a new hike. With all the ups and downs, the Pepe coin has remained the center of attention among other meme coins.

This year, PEPE has exhibited a splendid performance, where it surged to an all-time high of $0.00001074 and maintained a profiting value for days.

Market Dynamics and Pepe Coin's Position Currently, Pepe coin price is trading at $0.000007578, with a 7% decline from yesterday. The market cap of this meme coin has decreased by 7%, pushing it to the 42nd position on CoinmarketCap with a value of $3.19B.

However, the trading volume is at $641.16M after a 30% decline. Amidst the bull market situation, many cryptocurrencies aim for a price jump, and Pepe coin could be impacted as well.

Within a year, its price is up by 1300% but has struggled to maintain momentum above $0.0000080.

The Bullish Signals and Factors Influencing a Surge Recently, the total supply of the PEPE token faced a reduction from 180.7 trillion to 178.7 trillion. This reduction could help in a price surge as the supply and demand factors heavily impact the performance of the cryptocurrency.

Another factor is Pepe coin's meme coin age, indicating the token accumulation, which could lead to a price surge due to the bullish tendency of this accumulation behavior.

Future Predictions and Analysts' Views Pepe Coin is facing a slight decline in its prices, but still, the charts are more in green than red, where it has hiked over 270% in just a month. Despite the current fall, analysts have predicted the chances of a new hike.

t remains uncertain how soon that surge will start, but the factors are aligning for a potential increase in value.