+10% pullback signals bullish trend continuation
The post +10% pullback signals bullish trend continuation appeared on BitcoinEthereumNews.com. 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. Volume also plays a pivotal role here. While a recent volume climax hinted at short-term exhaustion, it does not…
The post +10% pullback signals bullish trend continuation appeared on BitcoinEthereumNews.com.
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. Volume also plays a pivotal role here. While a recent volume climax hinted at short-term exhaustion, it does not…
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