PEPE's recent performance has been explosive. Prices surged significantly, trading activity skyrocketed, and the entire meme coin sector also heated up. This rally was mainly driven by strong market sentiment, as well as active participation from the community and whales.

From a technical perspective, PEPE has indeed shown a strong upward trend. The price has consistently stayed above the 7, 25, and 99-period EMAs, with the 7-period EMA firmly above the long-term moving averages, indicating that bullish momentum remains robust over the past 24 hours. The MACD is also signaling bullishness — the MACD line remains above the signal line, and the histogram is positive, suggesting continuous positive momentum pushing prices higher, especially during periods of increased trading volume.

The meme coin sector has recently experienced a real breakout. PEPE has rebounded by 2550% in just a few days, directly driving the market cap of the entire meme coin track from $3 billion to $8 billion. Trading volume and open interest data are also confirming the heat of this rally.

However, a warning must be issued here. The RSI indicator has entered overbought territory — the 12-period RSI is at 71.05, and the 24-period RSI is at 70.72. The price has also been running along the upper Bollinger Band, which is often a dangerous signal. Community discussions are already underway about the possibility of a pullback, and technical patterns have even shown a head and shoulders formation, which is bearish. Some analysts suggest that if a correction occurs, the decline could reach 75%.

Another factor to watch is volatility. The Average True Range (ATR) has spiked to 0.00000018, indicating that price fluctuations are increasing significantly, and a large swing could happen in a short period.