I’ve been watching closely, and what just happened looks like a serious shift in momentum. The chart has finally confirmed a textbook double bottom pattern – a classic reversal signal. First, we saw a strong low around $0.00000566 in March 2024, and after a rally and pullback, price tested that exact level again in May 2025. That’s where the second bottom formed.
Now here’s where things get real: has broken above the neckline resistance at $0.00001872 with increasing volume. That’s not just a breakout – it’s a strong signal that bulls are stepping in. The breakout aligns with the 0.618 Fibonacci retracement level at $0.00001357, which makes this zone a solid confluence area for a potential long entry.
Right now, $PEPE is trading near $0.00001360, hovering around that golden ratio zone. This is where smart money usually makes a move. You’ll even see “LONG HERE” marked on the charts if you're following some technical analysts – and it makes sense. The momentum is building.
Why This Breakout Matters
The target based on the double-bottom structure sits around $0.00002745, which matches the previous peak from September 2024. That’s the level $PEPE reached after its first big rally. If history repeats itself, we might be looking at a similar explosive move.
Even if there’s a pullback, $0.00000773 (0.786 Fib level) is showing up as strong support. Volume analysis also shows clear accumulation around the breakout zone – this kind of pattern usually means institutional interest is creeping in.
To sum it up, $PEPE is showing signs of a major reversal, and the technical setup is looking clean. As long as price holds above the key support levels, I’m watching this for a potential continuation to the upside.
Stay sharp and manage risk. This could be a big one.