Pepe Price Action Analysis: Higher Low Formation Potential – Could it reach 35%?

Pepe’s price action is facing resistance, but this potential rejection could signal a bullish continuation. Traders are watching for a higher low formation that may pave the way for a significant rally. The current resistance zone aligns with the 0.618 Fibonacci retracement and the value area high from the local range, suggesting a strong candidate for a healthy rejection. Rather than expecting a sharp reversal, this scenario suggests a potential retracement forming a higher low, a classic bullish continuation signal if confirmed by further price action.