🐸Pepe price technical analysis📊

The daily timeframe shows that the Pepe Coin price formed a highly bullish double-bottom pattern at $0.000009850. It is slowly nearing its neckline at $0.00001265. A double-bottom is one of the most common bullish reversal patterns in technical analysis.

This pattern has coincided with the formation of the symmetrical triangle pattern, whose two lines are nearing their confluence level, where most breakouts happen.

Therefore, the Pepe Coin price will likely have a bullish breakout in the coming days or weeks. The widest part of the symmetrical triangle is about 52%. Measuring this distance from the potential breakout point gives it a target of $0.00001890, up by 65% from the current level. $PEPE