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You Won’t Believe What Happens Next for Pepe! 35% Rally Incoming?

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Oh, Pepe. It’s having a bit of a rough time, isn’t it? But, and here’s the twist—this so-called rejection could very well be the starting gun for a rally to the upside. Traders, who are apparently experts in finding patterns where there’s none, are all eyes on the potential for a higher low. Hold on to your seats, folks, we might be in for some fun!

Right now, Pepe (yes, that one with the ever-optimistic green face) is testing a local resistance zone. It’s not exactly a death knell, but it’s definitely a place where dreams might either be made or broken. This resistance happens to be conveniently placed at the 0.618 Fibonacci retracement level, which, if you believe in that sort of thing, is the perfect place for a “healthy” rejection. Forget about the typical “market crash” vibes—we’re talking about a potential retrace that sets up a classic bullish continuation. So, let’s not panic… yet.

Key points

  • Pepe is doing a little dance around the 0.618 Fibonacci retracement and value area high. Fancy!
  • If the rejection comes to fruition, it could sweep up some liquidity near the point of control. Yeah, liquidity—sounds exciting, right?
  • If Pepe can somehow form a higher low and reclaim support, it’s a bullish dream come true.

If this rejection goes the way of all rejections (and honestly, who knows?), we’re likely to see a move toward the point of control, aligning with VWAP support. Now, hold your horses—this isn’t some magic spell. We’ve got technical confluence here, and liquidity that’s been quietly stacking up beneath the current range since last Wednesday. This could set the stage for a sweep of that liquidity, which, if you’re into patterns, might resemble a swing failure pattern (SFP). Don’t worry if that sounds complicated, just imagine it like a “oops, almost lost it but hey, look—we’re back up!” moment. If the price dances below that swing low but then jumps right back above it? Ding ding! Higher low confirmed. Bring on the bull party!

Now, let’s talk numbers (because everyone loves numbers). A potential 35% upside if the market gods are kind, and everything from Bitcoin to Ethereum is playing along. If they’re trending upward, well, Pepe might just join the parade. But, of course, if the VWAP support fails and the point of control gets pummeled like a bad reality TV show, we might be heading toward the land of lower levels. Yikes.

Right now, the market is still leaning toward a bullish continuation. Don’t worry about those minor hiccups—we’re still riding the bullish wave. The structure is intact, and the technical region we’re watching will be the key. With a glorious confluence of Fibonacci, value area low, and the ever-mighty point of control, this setup is a solid contender for a base before we fly higher. If it all goes south, well, we’ll just chalk it up to another lower high and prepare for the next rollercoaster ride. But for now, the liquidity profile suggests a bounce is on the horizon. Keep those fingers crossed.

What to expect in the coming price action

So, here’s the deal: as long as Pepe finds its footing around the point of control and VWAP confluence, we’re looking at the possibility of a higher low. If this is confirmed, we can expect a glorious move back toward the swing high, potentially giving us that sweet 35% upside. But, and this is the fun part, if Pepe fails to hold this region? Buckle up, because it’s bearish time, baby—and the downside door will swing wide open.

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2025-04-22 00:13

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