$PEPE is showing structural improvement after a deep liquidity sweep.
Price broke below the prior swing low, cleared weak hands, then reclaimed support, a classic reset move in high-volatility assets. Since then, momentum has started stabilizing, suggesting selling pressure may be exhausting.
The recent low extends beyond the previous corrective range, which often creates a stronger base if buyers step in with volume. However, resistance still sits overhead and confirmation requires a clean breakout with follow-through.
For now, support is holding and structure is attempting to shift.
Is PEPE forming a sustainable bottom, or is this just another short-term bounce before volatility returns?