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. 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. You might also like: Bitcoin price dips into support – bullish market structure signals push toward $125K 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. Read more: Jasmy price forms a risky pattern as whales offload Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.