$BTC Does PEPE's Double Bottom Signal a Breakout Rally to $0.000015?

PEPE token bullish turnaround potential appears with a double bottom on the daily chart. The meme coin price rose 1.43% intraday to $0.0000007385.

Bitcoin's rise beyond $84,000 has boosted the altcoin pack, including PEPE. Will PEPE price rise again?

PEPE Technical Analysis

PEPE price motion on the daily chart has been falling since February 2025. Price dropped significantly after peaking at $0.000014 in January.

Due to market instability and downturn, the drop was 60%. A recent double bottom over $0.000005681 signals a trend reversal.

Current market activity indicates minimal consolidation between the double bottom baseline of $0.000005681 and neckline resistance of $0.00000888. This consolidation and recent bullish candles signal rising buying interest might boost PEPE.

Chart PEPE Pricing

Fibonacci retracement levels suggest a breakthrough over neckline resistance might target the 38.2% level at $0.00001055, followed by the 50% level at $0.00001237. These levels match former support zones that are now resistance.

The RSI value of 53.80 implies a bearish shift to neutral. This crossover above 50 shows positive momentum, and the RSI's persistent ascent since March predicts continuing upward price recovery.

A positive crossing occurs when the MACD line exceeds the signal line. Bright green bars in the histogram indicate increased purchasing pressure.

PEPE Price Targets

PEPE's key support is $0.000005681 (double bottom baseline) and $0.000007313 (recent consolidation low). Major resistances include $0.000008880 (double bottom neckline), $0.00001055 (38.2% Fibonacci retracement level), and $0.000010 (psychological barrier).

PEPE might advance 58% to $0.000012 if it breaks neckline resistance, according to the double bottom pattern. With a stronger market, PEPE might reach a 61.8% Fibonacci level at $0.00001300.

If prices go below $0.000005681, they may test annual lows at $0.00000050.

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