Crypto+10% pullback signals bullish trend continuation

+10% pullback signals bullish trend continuation

-


PEPE has recently rejected a key resistance level, prompting a pullback in the current uptrend. However, technical indicators and market structure continue to signal strength, with a higher low likely forming.

PEPE’s (PEPE) price action has cooled off after hitting a clear resistance level, but the broader trend remains firmly bullish. The latest dip is being interpreted as a potential higher low in a healthy market structure, with several confluences pointing toward another leg up. Market participants are watching for a confirmed hold at key support to validate the continuation of the rally.

Key technical points

  • Support Zone Confluence: Price is testing support at the value area high, aligning with the 0.618 Fibonacci retracement and VWAP — a strong bullish confluence.
  • Bullish Market Structure: Higher highs and higher lows continue to define the uptrend; current pullback is seen as a constructive retest.
  • Volume Profile Insights: A recent volume climax may signal a local top, but continuation above resistance will require fresh volume influx.
PEPE price prediction: +10% pullback signals bullish trend continuation - 1
PEPEUSDT (4H) Chart | Source: TradingView

Following the rejection at local resistance, PEPE has pulled back into a high-probability demand zone. This area — defined by the value area high, the 0.618 Fibonacci level, and the VWAP — is acting as a dynamic support zone. These overlapping indicators make it a prime location for bulls to defend and re-establish momentum.

From a structural standpoint, PEPE is maintaining a clear pattern of higher highs and higher lows. The recent correction does not invalidate the bullish trend but instead provides a reset within it. As long as the higher low structure remains intact and price closes above the current support zone on the 4-hour chart, further upside looks increasingly probable.

Volume also plays a pivotal role here. While a recent volume climax hinted at short-term exhaustion, it does not signal a long-term reversal. Rather, it’s a marker of a local top. For PEPE to push higher and breach the current resistance, buyers will need to step in with conviction, marked by increased and sustained volume levels.

What to expect in the coming price action

If PEPE holds this key support zone, a move back toward local resistance becomes likely. A successful breakout, backed by volume, could trigger an expansion phase and new highs. Until the bullish structure is invalidated, dips like this continue to offer potential buying opportunities.

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.



Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest news

Cetus Protocol on Sui Network Hacked and Prices Tank: Everything You Need To Know

Cetus Protocol, a leading DEX on the Sui Network, has been hacked, losing at least $200 million. CETUS,...

Freedom of the Press Foundation Threatens Legal Action if Paramount Settles With Trump Over ’60 Minutes’ Interview

Media advocacy group Freedom of the Press Foundation has sent a warning letter to Paramount mogul Shari Redstone,...

Democrats Push to Amend GENIUS Act Due to Trump’s Crypto Ties

The United States government is close to enacting its first crypto legislation, the Guiding and Establishing National Innovation...

Khosla Ventures among VCs experimenting with AI-infused roll-ups of mature companies

Venture capitalists have always focused on investing in companies that leverage technology to either disrupt established industries or...

Advertisement

Economist Peter Schiff Labels Trump’s EU Tariff Threat ‘Market Manipulation’

Economist Peter Schiff has slammed U.S. President Donald Trump’s recent threat to impose a 50% tariff on European...

Worldcoin and Hyperliquid to extend price rallies

Worldcoin and Hyperliquid rank among the...

Must read

You might also likeRELATED
Recommended to you