Pepe Faces Short-Term Rejection—But Bulls Aren’t Backing Down

Meme coin traders brace for volatility as PEPE tests critical resistance. Will the frog-themed token leap to new highs or get swatted back down?

Key levels to watch: A rejection here could see a 15-20% pullback before bulls regroup—classic crypto whiplash. Meanwhile, ’serious investors’ pretend this isn’t gambling while refreshing their portfolios every 37 seconds.

One rule remains: In crypto, even the jokes can make you money... until they don’t.

Key technical points

• Rejection at 0.618 Fibonacci: Price was rejected from a key resistance level that perfectly aligns with the golden Fibonacci level.
• Support at Value Area Low: PEPE is clinging to support at the VAL, a critical structure in the current trading range.
• Potential Rotation to Point of Control: A breakdown below the VAL could lead to a full retracement back to the point of control, where another 0.618 Fib level resides.

After being rejected from the 0.618 Fibonacci level, PEPE quickly retreated to the value area low of the range. This rejection confirms the strength of overhead resistance, and the market now faces a binary scenario: either form a higher low for bullish continuation or rotate back to the point of control if support fails.

The POC sits as a strong support candidate due to the confluence of volume and a second 0.618 Fibonacci retracement level. A reaction from this area could validate the next higher low and preserve the bullish structure, but failure to hold it will likely confirm weakness and open the door to a deeper decline.

Despite recent weakness, PEPE has not fully broken down. Technically, the current setup still offers a valid higher-low scenario. This means that dips toward POC support could be treated as buying opportunities, but only if confirmation signals such as bullish engulfing candles or volume spikes occur.

There is also a potential double bottom pattern forming, though traders should be cautious about relying on this formation without additional confluence. The combination of structure, Fibonacci alignment, and volume profile levels will be key to confirming the reliability of this potential reversal area.

What to expect in the coming price action

If PEPE can maintain its footing above the POC and form a confirmed higher low, the token may attempt another move toward range highs. However, loss of support will turn attention to deeper downside levels and a likely breakdown from the current range structure.