PEPE Forms Bullish Double Bottom as Breakout Gains Strength

PEPE confirms a bullish double bottom with neckline breakout and rising volume, signaling a potential trend reversal toward higher levels.

Price action aligns with the 0.618 Fibonacci zone at $0.00001357, offering a high-probability long entry supported by technical confluence.

Target projections near $0.00002745 mirror PEPE's previous rally peak, reinforcing bullish momentum and strong structural symmetry.

PEPE is showing strong bullish momentum as it completes a textbook double-bottom formation on the weekly timeframe. Price action now confirms a reversal pattern after forming two lows. The first low emerged around March 2024 near the $0.00000566 zone. After a powerful rally, the second bottom formed at the same level in May 2025. This classic structure signals the end of prolonged bearish pressure and the beginning of an upward trend. Currently, PEPE trades at $0.00001360, aligning with key Fibonacci support. Technical confirmation now suggests that PEPE could enter a strong uptrend in the coming weeks.

Source: Rose Premium Signals

PEPE has now broken above the neckline resistance around $0.00001872. This breakout follows a steady build-up and volume confirmation. Hence, it confirms the completion of the double-bottom pattern. Consequently, traders are watching for a potential long setup near the golden ratio of the 0.618 Fibonacci level at $0.00001357. This level matches current prices, offering an ideal entry zone. Moreover, a clear “LONGE HERE” annotation on the chart adds to the bullish conviction. The price has shown strength, and technical momentum is building.

Targets and Market Structure Indicate Higher Levels

Price targets based on the double-bottom structure now point toward $0.00002745. This target aligns with PEPE's previous high from September 2024. Back then, PEPE had rallied sharply from its first bottom to the same level. This rally confirmed the asset's ability to capture market attention quickly. However, after that move, the price corrected sharply—bringing it back to the original support area. This correction formed the second bottom, strengthening the pattern.

Additionally, Fibonacci levels offer strong confluence zones. The 0.786 Fib level at $0.00000773 provides further support if another pullback occurs. Volume patterns have also confirmed accumulation during the recent breakout. These signals suggest institutional participation and growing confidence.

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