PEPE surged 61% in one week, outperforming Dogecoin which gained 33% over the same period. Spot trading volume jumped 123% in 24 hours, with an $8.18 million inflow on August 21st, reflecting aggressive buying pressure. Open interest in PEPE perpetuals rose by over 50% in three days, according to Coinalyze data. Despite these impressive gains, the bearish structure on the daily chart remains intact; a session close above the swing high at $0.00000459 would be needed to confirm a bullish structure shift. The analysis advises traders to take profits and wait for confirmation before repositioning long.
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