**Disclaimer**: The information provided in this article is for general informational purposes only and does not constitute financial advice. The cryptocurrency market, especially for meme coins like PEPE, is highly volatile and unpredictable. Investing in PEPE or other cryptocurrencies involves significant risks, including the potential loss of your entire investment. Before making any investment decisions, it is crucial to conduct thorough research, understand the market, and consult a professional financial advisor. 📝


The world of meme coins has been abuzz as the PEPE token shows signs of a possible bullish turnaround. On the daily chart, a double - bottom pattern has emerged, which is often seen as a positive signal in technical analysis. Intraday, the PEPE coin price has already risen by 1.43% to reach $0.0000007385. The recent rise of Bitcoin beyond $84,000 has had a spill - over effect on the altcoin market, and PEPE is no exception. But the big question on everyone's mind is: Will the PEPE price continue to rise? 💰📈

**PEPE Technical Analysis** 📊🔍
Looking at the PEPE price movement on the daily chart, it has been on a downward spiral since February 2025. After reaching a peak of $0.000014 in January, the price dropped significantly. The market instability and downturn led to a staggering 60% decline. However, a recent double bottom formation above $0.000005681 is now indicating a potential trend reversal. Currently, the market is seeing minimal consolidation between the double - bottom baseline of $0.000005681 and the neckline resistance of $0.00000888. This consolidation, combined with recent bullish candles, suggests that there is increasing buying interest, which could potentially give PEPE the boost it needs. 🌟

**Charting PEPE's Pricing** 📈💡
When we turn to Fibonacci retracement levels, they offer some interesting insights. A breakthrough over the neckline resistance might first target the 38.2% level at $0.00001055. After that, the 50% level at $0.00001237 could be in sight. These levels are not just arbitrary numbers; they coincide with former support zones that have now transformed into resistance levels. The Relative Strength Index (RSI) for PEPE currently stands at 53.80. This indicates a shift from a bearish to a neutral market sentiment. The fact that the RSI has crossed above 50 shows positive momentum, and its continuous ascent since March is a good sign for a continuing upward price recovery. Additionally, the Moving Average Convergence Divergence (MACD) shows a positive crossing as the MACD line exceeds the signal line. The bright green bars in the histogram are an indication of increased purchasing pressure. 📊

**PEPE Price Targets** 🎯💹
For PEPE, the key support levels are $0.000005681 (the double - bottom baseline) and $0.000007313 (the recent consolidation low). On the resistance side, major hurdles include $0.000008880 (the double - bottom neckline), $0.00001055 (the 38.2% Fibonacci retracement level), and the psychological barrier at $0.000010. According to the double - bottom pattern, if PEPE manages to break through the neckline resistance, it might advance by as much as 58% to reach $0.000012. In a stronger market environment, PEPE could potentially reach the 61.8% Fibonacci level at $0.00001300. However, if the prices fall below $0.000005681, they may test the annual lows at $0.00000050. 📉

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