PEPE is traded at a decrease of 6.4% in the last 24 hours at $0.054502 and above the support at $0.054351.
The 4H chart indicates that there is a breakout above the last swing high and then the controlled pullback.
The point of resistance is at $0.054808, though the $0.00000375-$00000390 order block is also a significant structural support.
Pepe (PEPE) is being traded at $0.054502 following a decrease of 6.4 in the last 24 hrs. It is worth noticing that price has become slightly above immediate support at $0.054351. The range is also very narrow with a range of 0.054351-0.054808. Nevertheless, the 4-hour trend demonstrates a more recent structural change. Price closed above the last visible swing high before pulling back. That move introduced a potential bullish transition within the current range.
4H Structure Shows Break Above Prior Swing High
The 4-hour chart shows that there was a drastic vertical climb out of the identified order block zone. The price has been aggressive and then established a temporary top of around $0.00000500. Later on, candles reversed back to the general area of mid-range of about $0.000004463. This pullback was after a number of good bullish candles that had long bodies.
https://twitter.com/CryptoPulse_CRU/status/2023276208582996382?s=20
Notably, an order block is indicated in the chart as between $0.00000375 and $0.00000390. That area coincides with the foot of impulsive breakout. Therefore, traders now monitor that region for potential renewed bids. Meanwhile, the latest candles show smaller bodies, reflecting reduced volatility after the spike.
Key Levels Define Intraday Range
Current spot price at $0.054502 sits marginally above support at $0.054351. However, resistance at $0.054808 caps immediate upside attempts. The narrow difference between support and resistance highlights compression.
In addition, the earlier rally established a previous swing high near 0.00000500 on the 4-hour chart. That level now acts as a reference for upside continuation. Conversely, failure to defend $0.054351 exposes lower intraday liquidity. The order block below remains the deeper structural support on the chart.
Bullish and Bearish Scenarios for Today
Provided the price remains above $0.054351, buyers can make another attempt to push towards $0.054808. A continuous pull above $0.054808 would create space to the previous 4-hour swing high of 0.00000500. That is the next visible upside objective level.
Nevertheless, a drop lower than $0.054351 would refocus the attention. Then price may go as far as the 0.00000390 zone indicated as the order block. Further weakness can now probe 0.00000375 on the same demand zone. Meanwhile, PEPE trades at 0.0106535 BTC, up 4.0% against Bitcoin. It also trades at 0.082270 ETH, gaining 2.0% against Ethereum. These pair movements contrast with the 24-hour dollar decline.
