# PEPE Forms Bullish Double Bottom: Breakout Momentum Builds
A Classic Reversal Pattern Signals a New Uptrend for PEPE
PEPE has officially confirmed a bullish double-bottom formation—a textbook reversal pattern—on the weekly timeframe, showing strong potential for upward price movement. The first bottom formed back in March 2024 near $0.00000566, and after a powerful surge, the second bottom emerged at the same level in May 2025. This structure is often a strong indicator of a trend reversal, suggesting that bearish pressure may finally be over.
Right now, PEPE is trading at around $0.00001360, which is in alignment with the 0.618 Fibonacci retracement level at $0.00001357—a crucial zone that often acts as support during bullish reversals. This technical alignment is offering a high-probability long setup that many traders are watching closely.
# Key Level Breakout: Neckline Confirmed
PEPE has broken above its neckline resistance at $0.00001872, completing the double-bottom pattern with rising volume. This move is significant—it’s not just a breakout, it’s confirmed by volume, which is critical for validating price action.
With the current price hovering near the 0.618 Fib level, traders are eyeing this area as an ideal long entry zone. Charts also show a bold "LONG HERE" annotation, which supports this bullish view.
> Suggestion: Keep an eye on this support zone. If price consolidates here without breaking down, it could be an ideal time to enter or scale into long positions.
# Upside Target: $0.00002745 in Sight
If the pattern plays out, the projected target based on the double-bottom structure is $0.00002745—which aligns with PEPE’s previous September 2024 high. That past rally confirms the asset’s ability to generate hype and strong bullish momentum when technicals and sentiment align.
After that 2024 rally, PEPE retraced back to its original support zone—forming the second bottom. This pattern adds structural symmetry and strength to the current bullish outlook.
> Suggestion: Use partial profit targets as price approaches the previous high. This helps manage risk while participating in potential upside.
# Fibonacci Confluence and Volume Confirmation
The Fibonacci confluence adds further credibility. Should a pullback occur, the 0.786 level at $0.00000773 offers another strong support zone. Meanwhile, recent volume spikes suggest accumulation, which could signal institutional interest and growing confidence in PEPE’s long-term potential.
> Suggestion: If price dips to the 0.786 Fib level, it may offer a secondary entry opportunity for swing traders or those missed the initial breakout.
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Final Thoughts
PEPE is showing all the signs of a trend reversal and potential uptrend continuation, backed by a classic technical setup, volume confirmation, and key Fibonacci support. Whether you're already in or looking for an entry, the current structure is worth watching closely.
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