Pepe (PEPE) has rebounded by 5.9% in the past 24 hours, trading at approximately $0.05718. This recovery comes after the token fluctuated within a narrow range of $0.056821 to $0.057267. Despite the recent uptick, Pepe remains down 4.5% for the week, highlighting the persistent volatility in the altcoin market. The rebound in Pepe's price aligns with a broader market recovery, as major cryptocurrencies like Bitcoin and Ethereum saw gains of 3.04% and 3.3%, respectively. This overall market strength has provided a supportive environment for meme coins, including Pepe, to regain some lost ground.