Comparing it to SHIB, if it takes a few months of consolidation for it to bounce back to a much higher all-time high. It was a different time back then, so no one really knows, and it is for the market to decide.
Meme Coin Season is no longer running because the price of Bitcoin has returned to rise and head to $ 30k,
if you want to buy Pepe then this is not the time, because the market is on Large Cap and Medium Cap,
especially now that it is busy talking about Hong Kong, so Stay away from pepe and buy altcoin.
In crypto nobody can really predict when it is a good time to buy. Pepe is just a memecoin with no use but it can jump tomorrow with 100% or drop 50% for no apparent reason. I think the initial hype is a bit over and while it can make crazy moves again, I would wait on the next memecoin. Key is to really get in early and sell at the right time (don't be too greedy)!