Pepe refusal probably before Bullish is a continuation? Key levels for viewing.

Pepe is facing key moments because it rejects from level resistance to keys in line with a grille of 0.618 fibination. The price of the price now tests the lower limit of the current trading range.

Memecoin Pepe (Pepe) has seen increased instability in the last 24 hours, after a clear rejection of a large level of resistance that is implied with a grille of 0.618 fibination. As token now trades in addition to low-range low value values, merchants carefully observe signs or continuation or malfunction. This zone becomes a battlefield between the beech multi-low formation and the teaching of bears.

Key technical points

• Refusal to 0.618 Fibonacci: The price was rejected from the levels of resistance to the keys that perfectly aligns with the golden level of Fibenacia.
• Low value support: Pepe adheres to supporting VAL, a critical structure in the current trading range.
• Potential rotation to the point of control: The decay below the wave could lead to complete redirection back to the control point, where there is another 0,618 FIB levels.

After being rejected from the level of 0,618 Fibenacia, Pepe quickly drifted to the low range value area. This rejection confirms the power of overhead, and the market is now facing the binary scenario: either higher low for bakery winding or rotation back to the control point if support fails.

POC sits as a strong support candidate due to the confrontation of the scope and seconds of a retribution level of 0,618 fibination. The reaction from this area could confirm the following larger low and preserve the structure of bullity, but failure is to retain will probate weakness and open the door to a deeper decline.

Despite the recent weakness, Pepe did not completely break. Technical, current adjustment still offers a valid higher scenario. This means that the records for POC support could be treated as purchase opportunities, but only if the confirmation signals appear such as biking charges of candles or spikes for volume.

There is also a potential form of double bottom, although traders should be careful to rely on this formation without additional esters. The combination of structure, fibonacci’s alignment and level of scale profiles will be crucial to confirm the reliability of this potential turnaround.

What to expect in the upcoming price of the store

If Pepe can maintain the leg above the POC and the confirmed higher low, the token can try another move towards high ranges. However, the loss of support will turn attention to the deeper levels of the lower part and the probable violation of the structure of the current range.