Yigit Taha OZTURK 
PEPE, one of the trending meme coins, is showing signs of a double bottom pattern on the daily chart — a structure often interpreted as a trend reversal signal. However, its effectiveness will depend on price action around a crucial support level.
Key Support at $0.0000058
The $0.0000058 level has emerged as a critical support zone. This region represents the second low of the double bottom and has historically acted as a demand area. If PEPE loses this level, a deeper pullback could unfold, potentially toward $0.0000042.
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If PEPE holds the support and successfully breaks out of the neckline with volume, the technical target of the double bottom pattern sits around $0.0000317. This area also aligns with a previously tested resistance, making it a logical upside target.
Market Momentum Will Be Key
While the pattern itself is promising, broader market sentiment will heavily influence its outcome. A bullish move in Bitcoin and large-cap altcoins could help PEPE rally faster. As always, volume confirmation will be essential for the breakout to be sustainable.
The developing double bottom pattern presents a potential opportunity for PEPE bulls. However, holding above $0.0000058 is critical. If this level is lost, downside pressure may accelerate. On the flip side, a confirmed breakout could open doors toward $0.0000317.
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