PEPE price action has recently reverted back towards the VWAP, bringing price into an important technical confluence zone. This region aligns with the 0.618 Fibonacci retracement level, creating additional significance around the current area of support.

If price action can maintain this region and continue to find demand around the VWAP and 0.618 Fibonacci level, it would increase the probability of PEPE establishing another higher low. Successfully forming a higher low would support the continuation of the broader bullish structure and potentially position price for another move higher.

However, confirmation remains important. Price needs to demonstrate strong bullish influxes and sustained buying pressure while holding above this support region. Without sufficient volume and demand, the current support could weaken and expose PEPE to a deeper retracement.

For the bullish continuation scenario to remain valid, traders should watch how price reacts around this confluence zone. A strong rejection from support, accompanied by increasing volume, would provide greater confidence that buyers are defending the level.

Conversely, a decisive breakdown below the 0.618 and VWAP region would weaken the bullish structure and increase the probability of further downside.

For now, PEPE remains at a key decision point, with the ability to establish a higher low being the primary structure to watch.

$PEPE