In the past week, meme cryptocurrencies like DOGE and SHIB have seen impressive double-digit gains, with PEPE Coin (PEPE) experiencing a more modest increase after being surpassed by WIF. Currently, the price of PEPE is around US$0.000008058, with a market capitalization exceeding US$3.39 billion. Over 77% of PEPE investors are in profitable positions, driven by the bullish price action of the token leading to a surge in social dominance and positive market sentiment.

Analyzing the green indicators on the daily PEPE chart suggests the potential for a continued bullish trend, despite a notable change on March 28th indicating shifts in investor behavior. Whale activity in PEPE Coin remains bullish, with an increase in supply held by top addresses, hinting at confidence among large-scale investors in the crypto's future profitability.

However, data analysis from TradingView suggests that investors may need to prepare for slower days ahead, as Bollinger Bands indicate lower volatility in PEPE trading, delaying significant price movements. Additionally, the MFI indicator shows bullish prospects with an upward trend heading towards neutrality, indicating some positive market momentum for PEPE. It remains uncertain if these factors will be sufficient for PEPE Coin to reclaim its position as the third largest meme cryptocurrency in its category in the near future. The situation is worth monitoring.