PEPE coin has rebounded sharply, gaining over 69% in the past week as speculative interest returns to the meme coin market. The price surged from a key demand zone, with trading volume reaching levels not seen since early Q4, indicating renewed risk appetite among traders. The rebound follows a period of compressed volatility and fading participation, with PEPE now testing a significant supply level where heavy selling has occurred previously. Technical indicators show PEPE breaking above a descending trendline, marking a shift in short-term market structure. Open interest and leveraged positions have increased, suggesting new positioning rather than forced liquidations. Despite the rally, PEPE remains below major historical resistance zones, with price behavior around these areas likely to determine future movements. The token's market capitalization stands at approximately $2.83 billion, with a 24-hour trading volume of $982 million, reflecting strong market engagement.