The charts for $PEPE are definitely heating up as of mid-February 2026. The technical breakout you’re seeing aligns with a broader market shift, especially with Bitcoin reclaiming the $70,000 mark, which has historically acted as the "rising tide" for meme coin season.

Here is a grounded look at the current setup and those targets:

📊 Market Context (February 16, 2026)

The Breakout: You’re spot on about the downtrend. PEPE recently staged a massive ~30% surge, clearing the descending resistance that had been a ceiling since late January.

Volume & Momentum: Trading volume has exploded to over $1.1 Billion, and the RSI is finally climbing out of the "fear" zone (which bottomed out around 14–35 earlier this month) and into bullish territory.

Whale Activity: On-chain data confirms significant accumulation near the $0.0000036 support level, suggesting the "smart money" was indeed loading up for this leg.

#PEPEBrokeThroughDowntrendLine

PEPE
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