As observed in the recent market behavior, PEPE successfully reversed its bearish trend, surpassing its previous peak, which is indicated by the drawn line on the chart.
PEPE now finds robust support within the 0.5 to 0.382 range of the Fibonacci retracement, observed on a four-hour time frame. This support zone is pivotal; as long as it holds, PEPE is in a firmly bullish trajectory, characterized by a pattern of ascending lows and highs.
It is important to note that, at present, there are no discernible indications suggesting the conclusion of the current corrective phase.
This analysis is for informational purposes only and should not be considered as financial advice.
PEPE now finds robust support within the 0.5 to 0.382 range of the Fibonacci retracement, observed on a four-hour time frame. This support zone is pivotal; as long as it holds, PEPE is in a firmly bullish trajectory, characterized by a pattern of ascending lows and highs.
It is important to note that, at present, there are no discernible indications suggesting the conclusion of the current corrective phase.
This analysis is for informational purposes only and should not be considered as financial advice.
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