Pepe ($PEPE ) has pulled back to a dynamic support zone that has historically triggered strong rallies. This level is now acting as a base for consolidation, with multiple daily candle closes showing short-term demand.
A reclaim of the point of control and sustained above-average bullish volume would confirm a shift back to upward momentum, targeting the previous swing high and potentially new local highs.
If support holds and volume confirms, Pepe could resume its bullish structure of higher highs and higher lows. Failure here risks a deeper retracement toward the mid-range or value area low.
