Pepe’s Big Resistance Hug: Bullish or Just a Trap? 💸

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Pepe is stuck in a resistance zone, like a toddler at a buffet—everyone’s hungry, but no one’s getting fed. Yet. 🍕😤

Price is stalling near the value area high and long-term trendline resistance. Because nothing says “I’m busy” like a trendline and a value area high. 🕒

  • Pullback Level to Watch: 0.618 Fibonacci retracement zone aligns with VWAP and prior breakout levels. Because nothing says “breakout” like a Fibonacci level that’s also a VWAP. 📊
  • Volume Profile: Healthy volume has supported the rally; continued strength is needed to sustain momentum. Because nothing says “sustain” like a volume profile that’s as flaky as a politician’s promises. 📉

    • 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. Like a toddler who finally gets their way after a tantrum. 😭

    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. Because nothing says “rebound” like a crypto that’s as stubborn as a mule. 🐴

    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. Because nothing says “uptrend” like a volume spike that’s as fake as a politician’s smile. 😏

    What to expect in the coming price action

    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. Because nothing says “next leg higher” like a volume that’s as inconsistent as a teenager’s mood. 😤

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    2025-07-23 16:12