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$PEPE is doing exactly what strong charts do before expansion.
Price has been spending time building a base at a key demand area, and every dip into this zone keeps getting absorbed. That’s not weakness that’s quiet accumulation.
What stands out is how sellers keep trying to push price lower, but momentum fades quickly each time. This tells me supply is drying up. When that happens on memecoins, moves tend to be sharp, not slow.
PEPE doesn’t need hype to move. It needs structure. And right now, structure is stabilizing after a corrective phase. The longer price holds this base, the more energy gets stored for the next impulse.
If this zone continues to hold, the path of least resistance starts shifting upward. Once buyers step in with conviction, price can reclaim previous highs faster than most expect.
Memecoins reward patience during boredom, not panic during volatility.