Pepe Coin Rises Strongly, Faces Critical Resistance
Pepe (PEPE) has seen a powerful 30% boost after hitting a key low. But its price is now close to tough resistance. This could lead to a brief downturn before more gains.
Pepe hit its recent swing low and shot up by 30%. Now it’s facing strong resistance. This includes the point of control (POC), a big timeframe resistance, and the 0.618 Fibonacci level. This area is where most trades happen and often where bulls start taking profits.
- 30% Rally from Low: Pepe rebounded sharply from a key support.
- Critically importent Resistance Confluence: Price faces POC,Fibonacci,and high-timeframe resistance.
- Possible Correction: If rejected, it could form a higher low, supporting the uptrend.
Traders watch this zone closely. If buyers slow down or take profits here, a pullback is likely. This pullback could form a higher low, which is good for long-term bulls.
But if the momentum stays strong, Pepe might break this resistance. A breakout means new highs, shifting the short-term outlook to more upside action.
Pepe is at a crucial point.If it can’t break through the resistance, it may pull back. Yet, a breakout confirms continued bullish strength, pushing prices higher.
