The Pepe/Tether (PEPEUSDT) trading pair experienced a bearish trend over the past 24 hours, with its price declining by 7.2% from 7.34e-06 to 6.81e-06. Momentum indicators revealed oversold conditions, as the Relative Strength Index (RSI) fell below 30. Increased volatility was noted towards the end of the period, with the Bollinger Bands widening and the price hovering near the lower band. Trading volume surged to $3.3 billion, particularly during the price drop, reinforcing the bearish sentiment. Although key support at 6.8e-06 was tested, the lack of strong follow-through suggests potential consolidation in the near term.