Meme coin PEPE has been really exploding lately. From the current price of $0.000005667, it has surged 35% in just 24 hours. The logic behind this rally is not hard to understand—several mysterious tweets from the official account directly ignited market sentiment, retail investors followed suit and bought in, mainstream platforms also jumped on the bandwagon, and the hype kept climbing.

How crazy is the market? In a short period, $9 million worth of short positions were liquidated, a scale of liquidation that clearly shows the influx of funds.

But the problem is right in front of us— the RSI indicator has entered the overbought zone, which usually means the upward space is severely compressed. More importantly, as a pure Meme coin, PEPE has never lacked real use cases or fundamental support; it relies solely on community enthusiasm and sentiment. Under these circumstances, the risk of a sharp pullback after a rise cannot be ignored.

So the question boils down to: Should you FOMO in now? Or wait to see if there are any technical signals of a correction? The choice is in your hands.