PEPE recorded a strong performance in February, advancing more than 46% within a relatively short period. Following this impulsive expansion, price did not reverse sharply. Instead, it transitioned into a gradual and controlled correction, retracing toward the 0.236 Fibonacci level by 0.00000384 USD.

Such price behavior can often reflect a healthy retracement rather than a structural breakdown, particularly when the pullback develops in a measured manner instead of through aggressive selling pressure.

PEPE technical analysis

PEPEUSD - 4 Hour Time Frame

For a potential long scenario to become technically valid, attention now centers on two key elements. The first is the 0.382 Fibonacci retracement level of 0.00000408 USD, which serves as a structural boundary within the corrective leg. The second, more decisive element involves the opening prices of the initial candles that triggered the recent bearish delivery on the 4-hour timeframe. These levels are marked by blue horizontal lines on the chart.

A clear close above those opening levels would indicate a Change In State of Delivery (CISD), suggesting that bearish continuation may be losing control and that price could be transitioning back toward bullish delivery.

Until such confirmation occurs, the corrective phase remains technically active.

However, if PEPE reclaims these levels with a strong 4-hour body close, the probability could shift toward continuation of the broader bullish expansion that originated in February.

PEPE price target

If a confirmed CISD materializes and bullish delivery resumes, the next objectives would likely align with the remaining Fibonacci retracement and extension levels, along with the key Buy-Side Liquidity zone just below 0.0000054 USD. This region represents a logical area of interest in a bullish continuation scenario, as it coincides with both liquidity positioning and technical retracement structure.

In summary, PEPE remains within a corrective structure following its February rally. The decisive trigger for renewed upside momentum would involve a reclaim of the 0.382 Fibonacci level combined with a confirmed CISD on the 4-hour timeframe. If such conditions develop, higher Fibonacci levels and the Buy-Side Liquidity area near 0.0000054 USD could become the primary technical objectives.