Pepe price holds bullish structure despite market conditions: why a reversal can occur
Pepe is showing signs of strength as it forms a potential higher low at key support. With dynamic support intact and multiple confluences, a bullish reversal may be brewing.
Despite broader market volatility, Pepe (PEPE) is showing early signs of a potential bullish reversal. The price action has respected a key dynamic support zone while simultaneously retesting a bullish order block that previously acted as resistance. These technical signals, combined with the 0.618 Fibonacci retracement level, suggest that Pepe may be forming a higher low, a structurally bullish sign if confirmed in the coming sessions.
Key technical points
Dynamic Support Holding: Price has formed consecutive higher lows along a rising trendline.
Bullish Retest of Order Block: Rejection from value area high has led to a healthy pullback to a former resistance zone, now acting as support.
Confluence with 0.618 Fibonacci: Further validates the support zone for a potential bounce.
What to expect in the coming price action
If Pepe holds above the dynamic support and confirms a higher low, expect a potential rotation toward the previous swing high. A breakdown of this level, however, would shift the structure to neutral or bearish.
