Pepe Coin has shown early signs of a bullish reversal after reclaiming a critical support level, suggesting a potential end to recent selling pressure. A bullish engulfing candle has emerged, breaking the sequence of lower highs and indicating a shift in short-term momentum. This development has traders eyeing a possible local bottom formation. The recent price action saw Pepe dip below high-timeframe support, triggering stop-loss orders and capturing liquidity. However, the swift recovery and reclaim of support suggest that the bearish breakdown was not sustained. For the bullish scenario to hold, Pepe must maintain its position above this support level. The next significant technical milestone is the Value Area Low (VAL), which, if reclaimed, could pave the way for an upward move toward the next major resistance. This transition from a bearish trend to a potential range-rotation environment indicates that Pepe's price may oscillate higher, provided volume and momentum support the move.