PEPE's price action is testing a critical zone where dynamic support has been effective since March. This article analyzes current market conditions and PEPE's prospects.
Dynamic Support of PEPE
PEPE's price is holding on an ascending support line that has been active since March. Each interaction with this line has confirmed demand and established higher lows, reinforcing a bullish market structure.
Resistance at Point of Control
The main barrier for continuation is the point of control, which acts as resistance. Recent rejections at this level indicate the presence of supply, but a decisive break supported by volume would confirm the bulls' strength.
Price Action Outlook for PEPE
If PEPE continues to respect dynamic support, the probability of a higher low being established increases. A bullish reclaim of the point of control backed by volume could lead to movement towards prior highs.
With the current market conditions for PEPE, the bullish structure and dynamic support create growth prospects, while the struggle with the resistance level remains critically important.
