$PEPE is doing what it does best — pretending to be quiet while pressure builds underneath.
Price is trading around 0.00000412, up roughly +3.2%, after pushing into 0.00000416 and pulling back just enough to cool emotions, not conviction. The earlier sweep down near 0.00000397 mattered. That dip flushed impatience, and the recovery since then has been steady, not chaotic.
Short-term moving averages are now holding price from below, slowly guiding it higher. The longer MA remains underneath, acting like a deep safety net rather than resistance. This tells me the structure is stabilizing, even if momentum isn’t screaming yet.
Volume is the real signal here. Activity is heavy, participation is wide, and interest hasn’t faded after the bounce. Buyers are stepping in with intent, sellers are taking profits carefully, and neither side is losing control. That balance is why the candles look tight but purposeful.
Above 0.00000416, momentum can stretch and test confidence again. Below 0.00000397, the story resets and risk returns quickly. Between those levels, PEPE is compressing energy — the kind that usually releases when most people stop watching.
