Pepe Holds Key Support as Bulls Target 0.00000850 Resistance

Pepe (PEPE) is currently consolidating near a dynamic support level that has historically served as a catalyst for strong bullish moves. This key level has been respected multiple times in the past and now appears to be acting as a base for potential accumulation and a possible reversal in price action. Traders are closely monitoring the region, as a successful bounce from this support could lead to a renewed push toward the previous swing high and beyond [1].

The price of Pepe corrected after failing to break above the value area high, a level that was respected to the dollar amid low volume. Since then, it has rotated lower, finding support at the identified dynamic level. The presence of several daily candle closers near this area indicates that short-term demand is beginning to build, which could help establish a higher low and continue the existing bullish structure [1].

For a confirmed reversal to take hold, Pepe must not only remain above the current support but also reclaim the point of control—a zone representing the highest volume traded. A close above this level would be a strong signal of market strength and could trigger a move toward the key swing high. However, this requires not just a price breakout but also above-average bullish volume to validate the momentum and indicate sufficient buying power to sustain any upward move [1].

Market structure suggests that a clean reclaim of the point of control would likely attract more buyers, especially if volume trends confirm the strength of the move. This could lead to a rotation back into the swing high region and potentially new local highs. On the other hand, a breakdown below the dynamic support would invalidate the current bullish setup and could open the door for a deeper retracement toward the value area low or previous range midpoints [1].

Traders are advised to closely watch the 0.00000719 support level, as it will serve as a critical barometer of Pepe’s near-term direction. The next immediate resistance is at 0.00000850, a level that must be surpassed to confirm a breakout and potentially attract larger institutional and retail investors. If this level is breached with strong volume, it could signal the start of a new bullish trend for the asset [2].

Analysts remain cautious, noting that while the current setup offers a favorable risk-reward profile, the digital asset market is known for its volatility and unpredictability. Any move should be treated with care until it is confirmed by strong volume and sustained price action on higher timeframes. The path forward may still be choppy, but the fact that key support continues to hold without a breakdown offers some optimism for investors who have been waiting for a favorable entry point [2].

Source:

[1] Pepe poised for reversal, key support holds as bulls eye swing high

https://coinmarketcap.com/community/articles/68939cc620c73a214990bbb3/

[2] Page 2 | PEPE / DAI on PulseChain

https://www.tradingview.com/symbols/PEPEDAI_87D85E.USD/ideas/page-2/