I’ve been looking at $PEPE

PEPE

0.0₅502

+6.80%

on the daily, and the structure fits a well-known cycle.

After a strong rally, price moved into a long, orderly pullback — slow grind lower while liquidity was absorbed near the bottom.

That downtrend has now been invalidated by a clean impulsive breakout, followed by a short pullback and tight consolidation. This type of price action typically points to a trend shift, not a temporary bounce.

As long as PEPE holds above the breakout base, the bias remains constructive. The market is likely to print higher lows first, then look to expand toward prior supply areas.