With the meme cryptocurrency PEPE surging by over 50% in just seven days, there is optimism in the market. This positive trend may continue, given PEPE's current trading price of $0.00000738, largely influenced by dedicated investors, particularly whales, who hold significant amounts of the coin and have recently increased their investments.

In the last two weeks, these prominent investors have accumulated 3.3 trillion PEPE, valued at over $24.3 million. This demonstrates their strong belief in the cryptocurrency's potential, driving its price surge.

The potential for substantial profits, especially as over 92 trillion PEPE approach profitability for investors, adds to the appeal of PEPE. With this supply valued at over $686 million, investors are inclined to hold onto their investments, further supporting price increases.

However, PEPE still faces technical challenges, having recently rebounded from a descending wedge pattern. Resistance at $0.00000826 is a critical level, historically serving as both support and resistance. A successful transition from resistance to support could lead to further price gains, possibly testing higher resistance levels around $0.00001007.

Nevertheless, there are risks involved, as failure to surpass current resistance levels could lead to a retreat, potentially revisiting lower support levels. The PEPE community remains optimistic, driven by significant investments and the prospect of profit from their holdings. The market will closely monitor these developments, particularly in the upcoming trading sessions, to assess PEPE's ability to overcome challenges.