$PEPE is leading the meme coin rally right now, jumping more than 25% recently and around 45% over the week. Price is moving around $0.00000610, showing strong interest as traders rotate into high risk assets. The trend is clearly bullish, and PEPE is outperforming most meme coins in volume and attention.
Technically, momentum is still strong. PEPE is trading above all key EMAs, and the RSI near 64 shows heavy buying pressure without being fully overbought yet. Large players are active too, with over $1.24 million in hourly inflows from big orders, which points to ongoing accumulation. However, a small MACD divergence suggests the price may pause or consolidate soon.
The risk comes from leverage. The Long/Short ratio at 17.35 shows the trade is very crowded on the long side. If support at $0.00000589 breaks, a fast correction could happen. Next move: a clean break above $0.00000624 could extend the rally, but failure to hold support may trigger a sharp pullback as leveraged longs unwind.
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