##加密概念美股 ##鲍威尔发言 During this time, Pepe coin has indeed dropped quite a bit.


Price on June 19: $0.00001042.


From the May high, the drop exceeds 36%.


From the historical high, it has plummeted over 62%.


Market capitalization has evaporated by $5.7 billion.

At first glance, it looks like a precursor to zero...


But the truth is: Pepe is not dead!


From the technical chart to on-chain data to the performance in the futures market, many signals indicate that it may be building momentum for a rebound!


Technical aspect: classic 'double bottom + bullish flag', is it brewing for an explosion?


First look at the technical chart:


A double bottom structure has appeared: between March and June, Pepe formed a double bottom at $0.0000057. This is a very typical reversal pattern, and indeed the price later surged to $0.00001652.


Currently 'retesting the neckline': this pullback is actually very similar to what technical analysts often call 'breakout - retest', with the corresponding neckline support at $0.000009257. If it does not break below, it is very likely to reverse and continue rising.


Bullish flag is being formed:



The flagpole ranges from $0.000005741 to $0.00001625, with a length of $0.00001050.


It is currently consolidating in a descending channel, which is the flag part.


If it breaks through from the position of $0.00001200, the target price may reach $0.00002250, with an increase of up to 116%!


A stronger scenario is: if it challenges the historical high of $0.00002827 again, then the space will be even larger.

In summary: the risk remains, but the opportunity may be greater!


Although Pepe has recently dropped a lot, the current technical structure, on-chain data, and futures market are all releasing similar signals: it may be gaining strength to prepare for the next wave of rise.


Short-term key support level: $0.000009257.

Once it stabilizes, the target price is expected to reach: $0.00002250, or even the historical high of $0.00002827.


Of course, if it breaks this support, it may first return to the double bottom support area at $0.000005741, so risk control must be noted.



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