After a strong impulsive rally in recent weeks, Pepe Pepe

pepe

-12.51%

Pepe 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.

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.