$PEPE
🚨 Pepe Price Technical Analysis: Stalls at Key Level 🚨
The chart below shows that the value of Pepe has been in a slow recovery after bottoming at $0.00000572 this month. This was a crucial level, as it formed a small double-bottom pattern with a neckline at $0.00000917.
A double bottom is widely seen as a highly popular bullish reversal pattern. A complete rebound is usually confirmed when the price rises above the neckline. There are signs that Pepe is struggling to move above this resistance, putting it a risk of a reversal.
In this case, a reversal would cause it to drop and retest the YTD low of $0.000005721, which is approximately 40% below the current level. A drop below the lowest level this year will validate a more dire Pepe forecast.
Fortunately, Pepe coin price could also stage an 87% surge if it clears the neckline of this double-bottom pattern. If this happens, it will likely surge to $0.00001712, the highest swing on May 28 last year.