$PEPE against Tether is trying to claw its way back from a sharp dump, bouncing off about 0.000004676 to trade near 0.000004927 as the short moving averages start to curl under price. After tagging a recent high around 0.000005053 and flushing down on more than thirteen billion tokens of turnover, price is now wrestling with the hourly averages near 0.00000490, setting up for either a volatility spike higher if bulls break through or one more deep shakeout if they lose this level.