PEPE has corrected into a key dynamic support that has held since March. If the point of control is reclaimed with strong volume, a full rotation toward the swing high becomes likely.
Summary
- Dynamic Support: Price is respecting the ascending support line since March.
- Immediate Hurdle: Point of control acts as resistance; reclaim needed for upside.
- Bullish Structure: Consecutive higher highs/lows signal continuation toward swing high.
PEPE’s (PEPE) price action is currently testing a critical zone where dynamic support has consistently acted as a base since the March low. Despite recent corrective movement, the overall market structure remains bullish with consecutive higher highs and higher lows. This retest could confirm another higher low, opening the path for continuation higher. At the same time, immediate resistance at the point of control presents a key hurdle for the bulls to overcome in order to reclaim momentum.
Key technical points
- Dynamic Support Retest: Price is currently holding an upsloping support line that has repeatedly acted as a springboard since March.
- Point of Control Resistance: The $POC remains the immediate barrier where rejection is visible; reclaiming it would unlock upside potential.
- Bullish Market Structure: Consecutive higher lows and higher highs indicate that PEPE’s bullish trajectory is intact despite corrective phases.
PEPE has retraced into dynamic support, an ascending line that has been respected since March. Each interaction with this line has confirmed demand and established higher lows, reinforcing a bullish market structure. The latest correction has once again driven price into this zone, providing a critical test of its durability.
The main obstacle for continuation is the point of control, which has acted as resistance. Recent rejection suggests supply remains present at this level, but a decisive break backed by bullish volume would confirm strength. Such a reclaim would unlock a pathway toward the swing high, completing a full market auction rotation.
From a structural perspective, this price action forms an apex zone between the dynamic support and point of control. The tightening range indicates that a decision point is near, and resolution in either direction will determine the next significant move. For bulls, the focus remains on defending support and building volume momentum to break through resistance.
Another key factor is the volume profile. Current rejections at resistance show limited follow-through, highlighting the need for strong bullish influxes to sustain upward continuation. Once volume expands in line with bullish momentum, the probability of a breakout accelerates, setting up PEPE for a retest of prior highs and potentially new ones.
What to expect in the coming price action
If PEPE continues to respect dynamic support, the probability of a higher low being locked in increases. A bullish reclaim of the point of control backed by volume would pave the way for a push toward the swing high and beyond, while failure to hold dynamic support risks deeper corrective pressure.
