While recent $PEPE movements have shown flashes of strength, a closer look at the chart suggests a cautious approach might be prudent.
The current price action indicates difficulty in sustaining higher levels, with selling interest emerging on rallies.
This could point to a potential cooling off period, perhaps a healthy retrace before any significant continued upward momentum.
It's always wise to observe how volume develops on any further price action, as this often provides clearer insights into market sentiment.