PEPE Drops -8.09% — Point of Control Becomes Key Battleground

PEPE has posted a sharp -8.09% daily correction, confirming a new lower low in the ongoing downtrend. Price action remains bearish after rejecting from the value area high, where it tapped into the 0.618 Fibonacci retracement and failed to break higher.

This rejection triggered a rotation back toward the point of control (POC), which now acts as the next major support level. The POC is in confluence with the 0.786 Fibonacci retracement and a monthly high-timeframe level, forming a strong zone of interest for both bulls and bears.

According to market profile theory, losing the value area high increases the likelihood of a full rotation to the value area low — and that’s now on the table if the POC fails to hold.

If price stabilizes and demand appears at the current level, we could see a short-term bounce or even a structure shift. However, if price breaks below the POC, a deeper correction becomes the more probable outcome.

Key Levels:

Resistance: 0.618 Fib / Value Area High
Support: Point of Control / 0.786 Fib
Bearish Bias until structure shifts