$PEPE Pepe at Key Resistance – Setup Still Bullish

Pepe is encountering local resistance after its recent bounce, but this isn’t inherently bearish. In fact, the current price action is happening at a strong confluence zone, and a rejection here could lead to a bullish higher low—if nearby support holds.

Key Highlights:

• Price is reacting to the 0.618 Fibonacci level and the value area high—both significant resistance levels.

• There’s notable liquidity below, which could lead to a sweep near the point of control before any bounce.

If Pepe dips into the support zone around the point of control and then reclaims it, this could confirm a higher low and set up a move back toward recent highs. A 35% rally is on the table if market strength continues. However, if support breaks, a deeper retracement is likely.