PEPE shows "Strong Double Bottom, signs of revival appear: Analyst❗🚀
The double bottom on #pepe indicates a possible bullish reversal.
According to those using this strategy, the best time to enter a trade is when the price reaches the 0.618 Fibonacci level.
Experts believe that the price of $PEPE may reach $0.00001872 and $0.00002745.
Recently, the cryptocurrency trading account Rose Premium Signals on X confirmed that PEPE is experiencing an impressive increase in bullish signals. As noted in the analyst's forecast for this digital asset this week, PEPE/USDT is forming a "strong double bottom" on its chart, often signaling a transition from falling to rising prices.
Key support for buyers is shown at Fibonacci retracement levels.
It is clear that the trend indicates that this meme coin is finding solid support at lower price levels and may rise further with increased momentum. According to the post, bullish sentiment is steadily growing, and the coin is likely to dip slightly before further gains.
Traders can also find their best chance to enter the market close to the golden zone level, which corresponds to a Fibonacci retracement level of 0.618. This level is expected to be widely used for temporary price corrections before further increases.
Experts expect accelerated growth for PEPE.
In this price analysis of PEPE, two possible prices were considered. The main goal is to reach a medium-term target of $0.00001872, and the next ambition is to reach $0.00002745.
The chart clearly shows a double bottom and a likely area for a pullback, making a long position appealing.
According to CoinMarketCap data, the price of PEPE increased by 4.14% over the last day to $0.00001387. This price increase occurred after a 20.66% rise in trading volume over the same period to $1.58 billion.
Meanwhile, the CoinMarketCap profile with a rating of 57% suggests a moderate level of trust in the meme coin.
PEPE
0.0000139
+1.53%
