PEPE has been consolidating for nearly a week at this point, after a huge >120% move upwards.
In my eyes, PEPE is underway of making a bull-flag pattern. Since bull-flags classically break bullish, this is what we're waiting for.
I'm waiting for a 4H close above the previous local top of 124, with a 200 target. If BTC manages to break out on bullish FED news tonight, PEPE can fly as well.