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PEPE Defies Gravity: Double Bottom Pattern Signals Rally to $0.00002745

PEPE Defies Gravity: Double Bottom Pattern Signals Rally to $0.00002745

Author:
Tronweekly
Published:
2025-05-28 00:30:00
15
3

Memecoin PEPE isn’t just hopping—it’s preparing for a leap. The frog-themed crypto just printed a textbook double bottom, one of the most reliable reversal patterns in trading. Now traders are eyeing $0.00002745 as the next stop.

Technical traders love these setups—they’re like finding a buy button stamped on the chart. But let’s be real: in crypto, even the prettiest patterns can get rug-pulled by a single Elon tweet. Still, the bulls are loading up their bags, convinced this amphibian has legs.

If PEPE hits that target? Early buyers pocket 30% gains. Misses? Well, at least it’s cheaper than therapy after another ’stablecoin’ depegging event.

PEPE

  • Pepe (PEPE) has risen 10.20% in the past week, trading at $0.00001401 with over $1.3B in 24-hour volume.
  • A double bottom pattern signals strong bullish momentum, with targets of $0.00001872 and $0.00002745.
  • Analysts forecast potential highs of $0.0000308 by year-end, though short-term pullbacks remain possible.

Pepe (PEPE), the meme-based cryptocurrency, has picked up momentum in recent times among investors, continuing to chart a steady rise. Pepe is trading at $0.00001401 and has increased by 1.23% over the past 24 hours and 10.20% within the past seven days. With a corresponding 8.87% increase in 24-hour trading volumes to $1.32 billion, the token’s positive trend could signal increased underlying interest.

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Source: Coinmarketcap

A closer inspection of the technical indicators reinforces the positive outlook. crypto analyst VipRoseTr explains that PEPE’s chart on a weekly basis is making a double bottom, a reverse structure that normally heralds a move upwards. The structure displays two major lows developing around the $0.000060 area, accompanied by a build-up of buy-side trading. The breakout over the neckline around $0.000012 reinforces the sentiment.

Rising volume confirms double bottom pattern

At the center of the technical analysis is the “golden zone” between the 0.5 and 0.618 of the Fibonacci retracement levels, between a measure of around $0.000010 and $0.000012. The zone, based on the asset’s prior fall, is regarded as the best buying chance. Experts view the zone as crucial to support long-term bullish momentum. According to the theory of retracement, the prices tend to recover powerfully from the zone, making it a best entry point to go long.

Volume indicators affirm that. Greater trading activity in the second dip of the double bottom suggests greater demand and lesser selling pressure. With the support in place, PEPE may surge towards the two indicated targets of $0.00001872 and $0.00002745. These targets are in line with past resistances and suggest a potential 50 to 100% increase from the current levels, if momentum continues.

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Source: X

PEPE price expected to fluctuate in May 2025

Although the technical structure appears solid, forecast of the 2025 market is divided. DigitalCoinPrice predicts that the price could reach up to $0.0000308 by the end of the year. That WOULD exceed previous peaks and reflect a firm belief from investors looking long-term. Changelly is not as positive, projecting the price to reach no higher than $0.0000118, averaging around $0.0000137 for the year.

During May 2025, PEPE will range from $0.0000105 to $0.0000137, considering short-run fluctuations in view of overall market uncertainties, including macroeconomic conditions like policy decisions in U.S. trade.

Short-term setbacks are still possible, but the technical picture, coupled with expanded volume and market interest, sets PEPE up to MOVE higher if major support levels can hold.

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