PEPE Forms Double Bottom – Is a 58% Breakout on the Table?
PEPE bulls might have a reason to smile. After weeks of bearish action, the meme coin is flashing a double bottom on the daily chart — a classic reversal pattern that could point to a major bounce ahead.
• Current Price: $0.0000007385 (+1.43% intraday)
• Double Bottom Baseline: $0.000005681
• Neckline Resistance: $0.00000888
With Bitcoin reclaiming $84K, altcoins like PEPE are starting to wake up. The double bottom pattern could mark the end of the downtrend that began in February, following a brutal 60% drawdown from its January peak at $0.000014.
What the Chart Says:
• Consolidation: Price is ranging tightly between the double bottom support and neckline resistance — a bullish sign.
• RSI: Trending above 50 (currently 53.80), suggesting growing upward momentum.
• MACD: Green histogram bars and a bullish crossover signal renewed buying pressure.
Fibonacci Targets:
• 38.2% Level: $0.00001055
• 50% Level: $0.00001237
• 61.8% Level: $0.00001300
A confirmed breakout above $0.00000888 could push PEPE to the $0.000012–$0.000013 zone — a potential 58% rally from current levels.
Support & Risk:
• Support: $0.000005681
• Risk Level: A breakdown below that could send PEPE back to its annual lows near $0.00000050.
Verdict: Eyes on the neckline. A break could unleash serious upside. No confirmation, no celebration.
$PEPE
• Current Price: $0.0000007385 (+1.43% intraday)
• Double Bottom Baseline: $0.000005681
• Neckline Resistance: $0.00000888
With Bitcoin reclaiming $84K, altcoins like PEPE are starting to wake up. The double bottom pattern could mark the end of the downtrend that began in February, following a brutal 60% drawdown from its January peak at $0.000014.
What the Chart Says:
• Consolidation: Price is ranging tightly between the double bottom support and neckline resistance — a bullish sign.
• RSI: Trending above 50 (currently 53.80), suggesting growing upward momentum.
• MACD: Green histogram bars and a bullish crossover signal renewed buying pressure.
Fibonacci Targets:
• 38.2% Level: $0.00001055
• 50% Level: $0.00001237
• 61.8% Level: $0.00001300
A confirmed breakout above $0.00000888 could push PEPE to the $0.000012–$0.000013 zone — a potential 58% rally from current levels.
Support & Risk:
• Support: $0.000005681
• Risk Level: A breakdown below that could send PEPE back to its annual lows near $0.00000050.
Verdict: Eyes on the neckline. A break could unleash serious upside. No confirmation, no celebration.
$PEPE
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
PEPE
0.00000834
+1.58%
