Recently, there's an interesting phenomenon in the trading market—people's funds are starting to flow into PEPE.

Originally, the big players DOGE and SHIB were still sitting comfortably, but then suddenly PEPE surged ahead. This guy has increased by 55% in the past week, leaving DOGE (21%) and SHIB (13%) far behind. This is no joke; the trading volume and popularity are on completely different levels.

A technical analyst named Dentoshi pointed out that PEPE's recent movement is not simple—it's not only regaining the 100-day moving average and previous key support levels but also taking action before the broader market reacts. This kind of "early move" often indicates that there is more to come in the crypto space.

Looking at the longer-term K-line chart, PEPE is completing a head and shoulders reversal pattern that has been forming for 21 months. What does this mean? According to technical analysis, it could be saying goodbye to the previous bear market environment.

Technical indicators are also singing the same tune. The MACD has broken below the signal line for the first time since September, and a golden cross has appeared, indicating that buyers are gaining control. This is like a signal gun, telling traders: hey, it's time to start positioning.

From another perspective, this rebound also silences the "false breakout" argument. The 21-month descending triangle breakdown previously looked real, and now it seems to be genuine rather than a trap. Once this confirmation is established, it often attracts more participants to follow.

Of course, how high it can go next depends on the patience of the funds and market sentiment. But from the current technical standpoint, PEPE has indeed broken out of a long-term slump, and traders are re-evaluating its upward potential.