Recently, PEPE's performance has indeed attracted quite a bit of attention. In this wave of market activity, the entire meme coin sector has become lively, with the market capitalization increasing by over $3 billion in one go, and trading volume soaring accordingly. From the data, it’s clear that funds are indeed flowing in this direction.

Speaking of technical analysis, PEPE's trend remains quite strong. The 7-period EMA has consistently stayed above the long-term EMA, indicating a clear upward trend. The MACD also signals bullish momentum, and overall, the energy looks good. The price is currently trading near the upper band of the Bollinger Bands, and the RSI indicates significant buying pressure. According to historical patterns, this often suggests there is still room for further upward movement.

Community sentiment is also very enthusiastic. Everywhere on social media, bullish voices are loud, and everyone generally expects the price to continue rising. This emotional support does help the short-term price. PEPE has now become the leading figure in the meme coin rebound, driving the entire sector upward.

However, like all market conditions, there are also areas to watch out for.

First is the overbought issue. The 6-period RSI has already reached 72.15, which from a historical perspective is basically in the overbought zone. Once in this area, it usually means the price may need to adjust, and the risk of a pullback is real.

Second, recent fund flow data shows a significant outflow of 1.72 million USDT. This signal is a bit subtle — it could be profit-taking by some, or it might reflect a waning buying enthusiasm. In this case, it’s important to closely monitor the movement of funds going forward.

Another detail worth noting is that PEPE has not had any official announcements or updates on development progress recently. In the absence of fundamental support, the market narrative is entirely based on speculation, which can increase volatility. Once sentiment reverses, the decline could be quite sharp.

Overall, the short-term technical outlook is very strong, but overbought signals, fund outflows, and lack of news support all serve as reminders to stay cautious. Meme coin markets are inherently volatile, and while PEPE’s recent rally looks good, it’s important to consider your own risk tolerance before entering.