In recent days, the popular memecoin - Pepe (PEPE) has been incredibly hot, with the price surging violently and attracting a large number of investors and traders for crazy attention 🔥.

According to market data, PEPE has skyrocketed over 80% in just five days, breaking through multiple resistance levels and is currently in a position that has historically seen strong selling pressure. This trend is indeed a bit fierce!

🐋 The whale army is gathering, PEPE's popularity is off the charts!

Although some people worry that this surge could cool off at any moment, the whales have started buying like crazy, and data shows their interest is rapidly heating up 👇:

This data comes from IntoTheBlock, directly indicating one thing: large holders still expect PEPE to rise in the future, and they might have already started positioning for the next wave.

🤖 Traders are making crazy bets: some are directly increasing their positions by 10 times!

Not only are the whales optimistic, but even some aggressive traders are starting to go all in!

Lookonchain revealed on X: a big whale just cleared their TRUMP position and then directly opened a 10x position betting on PEPE! This guy is already up $81,000, it's like he's on a roll.

This move is very interesting: it indicates that market attention is shifting from other meme coins to PEPE, and short-term bullish sentiment is clearly rising 📈.

💹 PEPE Technical Analysis: Will it take off after breaking resistance? Target $0.00002140!

From the technical analysis chart on TradingView, PEPE is trying to break through the key resistance level of $0.000015.

This position was previously the starting point for price pullbacks, but what's different this time is - whale sentiment is high and market enthusiasm is even greater.

If this wave can really stabilize above $0.0000155 (closing at the daily level), then the next target is likely $0.00002140, with an expected increase of up to 38% 🚀.

⚠️ But be careful! RSI has reached 85.40, strong overbought signal.

Although the market is so hot, there are still risks!

Currently, PEPE's Relative Strength Index (RSI) is as high as 85.40, already entering the **'overbought' area**, which means - a pullback or fluctuation adjustment may occur in the short term.

So, friends who want to get on board still need to pay attention to the rhythm and risk control, don’t just rush in out of excitement 🤯.

✅ To summarize:

  • 🟢 PEPE has skyrocketed 80% in five days, whales and traders are all increasing their stakes.

  • 🐳 Large transactions are soaring, and big whales are optimistic about the market outlook.

  • 📈 The technical outlook is bullish; once the key resistance is broken, it could rise another 38%.

  • ⚠️ RSI is already overbought, beware of short-term fluctuations.

Although the market is hot, remember an old saying: the market always forces you to buy at high prices what you hesitated to buy at low prices. What do you think now? Will PEPE really 'take off' in the next wave? 🛫