bullish

Pepe

<p class="is-style-lead">Pepe is trading at a critical resistance zone, opening the door for a potential pullback. However, this would likely be a bullish reset, offering a high-probability setup for continuation toward new highs.</p><div id="cn-block-summary-block_0281a98bbf38c47e366ec5bc16693702" class="cn-block-summary"><div class="cn-block-summary__nav tabs"><span class="tabs__item is-selected">Summary</span></div><div class="cn-block-summary__content"><ul class="wp-block-list"><li>Pepe hits key resistance suggesting a potential short-term pullback.</li><li>Pullback to 0.618 Fibonacci support could establish a bullish higher low.</li><li>Volume remains strong, supporting continuation toward new highs if structure holds.</li></ul></div></div><p>After a strong impulsive rally in recent weeks, Pepe (<a href="https://crypto.news/price/pepe/" rel="noopener noreferrer nofollow">Pepe</a>) has entered a high-time frame resistance region that may temporarily cap upward momentum. This zone, which includes the value area high and descending trendline resistance, is acting as a technical confluence barrier where price is currently stalling. A rejection from this zone may lead to a pullback, but such a move would likely be constructive for the broader trend.</p><p>The recent move began at the value area low, where PEPE established a significant swing low that sparked bullish momentum. Since then, the price has advanced sharply, reclaiming several key levels and reaching the upper boundary of its range. Now trading within a dense resistance area, price has yet to break and close above it, and early signs of rejection can be seen on the daily candles.</p><h2 class="wp-block-heading" id="key-technical-points">Key technical points</h2><ul class="wp-block-list"><li><strong>Resistance Confluence: </strong>Price is stalling near the value area high and long-term trendline resistance</li><li><strong>Pullback Level to Watch:</strong> 0.618 Fibonacci retracement zone aligns with VWAP and prior breakout levels</li><li><strong>Volume Profile: </strong>Healthy volume has supported the rally; continued strength is needed to sustain momentum</li></ul><figure class="wp-block-image size-full"><a href="https://www.tradingview.com" rel="noopener noreferrer nofollow"><img width="2048" height="919" src="https://crypto.news/app/uploads/2025/07/PEPE-Bullish.png" alt="Pepe faces resistance: Why a pullback is still considered bullish - 21" class="wp-image-14399130"></a><figcaption class="wp-element-caption"> PEPEUSDT (1D) Chart, Source: <a href="https://tradingview.com/?aff_id=140857" rel="noopener noreferrer nofollow">TradingView</a></figcaption></figure><p>You might also like: <a href="https://crypto.news/coinshares-obtains-mica-license-whats-next-for-the-asset-management-firm/" rel="noopener noreferrer nofollow"> CoinShares obtains MiCA license, what’s next for the asset management firm? </a></p><p>A short-term pullback into the 0.618 Fibonacci level, which aligns with dynamic support from VWAP, would be considered healthy and even necessary for trend continuation. If price rotates into this zone and establishes a higher low, it will reinforce the current bullish market structure. This area is also likely to attract fresh demand, providing the base for a new impulsive leg higher.</p><p>It’s important to view this potential pullback not as a sign of weakness, but rather as an opportunity to confirm support and strengthen the bullish setup. The broader daily structure remains intact, and PEPE has shown the ability to rebound aggressively from key technical zones in the past.</p><p>Moreover, the volume profile continues to show healthy participation. For Pepe to maintain its upward trajectory, it will need sustained volume influxes during any renewed push higher. A volume-backed breakout above the resistance confluence would likely trigger a new wave of bullish momentum and potentially take out the current swing high, further confirming an uptrend on the daily timeframe.</p><h2 class="wp-block-heading" id="what-to-expect-in-the-coming-price-action">What to expect in the coming price action</h2><p>If PEPE fails to break above the current resistance confluence, a retest of the 0.618 Fibonacci and VWAP support region is likely. Should this area hold and a higher low be formed, the bullish structure remains intact. Traders should watch for renewed volume as a signal of the next leg higher.</p><p>Read more: <a href="https://crypto.news/coinbase-strategy-named-as-south-korea-warns-against-crypto-heavy-etf-portfolios/" rel="noopener noreferrer nofollow"> Coinbase, Strategy named as South Korea warns against crypto-heavy ETF portfolios </a></p>

Pepe faces resistance: Why a pullback is still considered bullish

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