What Is Behind The 16% PEPE Price Recovery And Will It Continue?

Over the last week, the PEPE price has emerged as one of the best performers in the crypto market. This followed a long period of drawdown that dragged the meme coin’s price almost 90% below its June 2023 all-time high. This prolonged bear period coupled with its declining momentum is why the price reversal has caught the market by surprise.
Social Discussions Around PEPE Rise
To figure out why the PEPE price has been on a rally at a time when the broader crypto market has suffered decline