The meme cryptocurrency $PEPE is experiencing notable market activity as it pulls back after rejecting a key value area high, with traders closely watching dynamic support levels including the Fibonacci 0.618 retracement, a key order block, and previous reversal zones. Recent data shows a steady influx of new $PEPE holders, with daily increases ranging from 179 to 485 new investors amid broader market volatility and concerns about potential rate cuts following weak jobs data. The $PEPE price has faced heavy suppression from short sellers, drawing comparisons to the GameStop trading phenomenon. Despite market dips and volatility, sentiment indicators suggest possible bottom signals, and some market participants are optimistic that $PEPE will lead a new meme coin supercycle. In the NFT space related to $PEPE, a Pepe BoDoggo NFT recently sold for 13.8 SOL (approximately $2,200), with the new owner acquiring 47 BoDoggos in the past five days, indicating sustained interest in associated digital assets.