After experiencing a significant rally in early April following its lows, the PEPE coin price has stabilized, hovering at roughly the same level for the past three days. While this initial upward trend indicates potential profit-taking and a possible pullback, analysts have mixed opinions on what lies ahead for PEPE. The coin experienced a remarkable 62.48% surge in just one month, leading to questions about whether its recent gains are sustainable. Notably, the past three days have seen the price stall at a key resistance level around $0.0000088. This level marks the third instance in the last two months where PEPE has met this resistance within the same zone. The price action also came after China’s denial of any agreement to lower tariffs, suggesting that the recent surge may have been fueled by misplaced optimism. With a cooling-off period experienced after a strong initial rally, analysts are watching for further developments in the market, particularly if trade tensions escalate between China and the U.S. 100% of traders saw a profit when they bought PEPE on April 1st – while the market is now waiting to see whether Trump’s efforts to mend ties with China will ultimately influence investor confidence. A potential escalation of the Sino-U.S. trade war could negatively affect market sentiment, leading to further price adjustments. The Money Flow indicator, which signals profit-taking, also shows some signs of action, even though PEPE’s price has not yet become overbought. The PEPE order book showed a surge in bearish sentiment in the past 24 hours. This data reflects a shift towards selling positions and could suggest that a pullback may be on the horizon. The presence of substantial positive spot flows (approximately $2.11 million) adds further nuance to this dynamic, demonstrating continued demand for the meme coin. Meanwhile, the derivatives segment also shows resilience with an increase in trading volume and open interest. Funding rates remain green, though the gap between longs vs shorts liquidations is narrowing, suggesting a possible shift in market sentiment. Ultimately, PEPE’s latest recovery has solidified its position as a popular meme coin despite its performance mirroring that of Dogecoin. The coin managed to outperform Dogecoin, achieving a 43.15% gain from its recent local low to high. This suggests PEPE remains attractive for investors seeking profitable ventures in the volatile crypto market.