🐸Pepe has seen a sharp 30% rally after establishing a significant market low at the recent swing point. While momentum remains bullish, the memecoin is now approaching a major confluence of resistance that could prompt a temporary correction before further upside continuation.
pepe- 6.24%
Pepe recent rally has been impressive, posting a clean 30% gain off a well-defined swing low. However, price is now testing a critical resistance cluster, which includes the point of control (POC), a high-timeframe horizontal resistance, and the 0.618 Fibonacci retracement level from the previous decline. This area is technically significant and often associated with distribution or profit-taking zones.$PEPE