PEPE broke down from a long-term horizontal support area.
The PEPE price has created a double bottom pattern.
Can the price sustain its short-term bullishness and reverse its trend?
The PEPE price is turning heads again after printing a clean double-bottom pattern and breaking out from short-term resistance.
But the bigger question traders are now asking is simple: Why is PEPE going up even though its long-term structure looks bearish?
The price bounced sharply but still sits below significant resistance.
The next move will determine whether this recovery becomes a complete trend reversal or just another dead-cat bounce.
Here’s what the charts reveal.
PEPE Price Analysis
PEPE’s weekly time frame chart shows that the price recently broke down from a critical horizontal and diagonal support area.
More specifically, the price broke down from:
A long-term ascending support trend line
The $0.0000057 horizontal support area.
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Disclaimer:
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
Valdrin Tahiri is a cryptocurrency analyst and reporter at CCN, specializing in technical analysis with a focus on Elliott Wave theory, on-chain metrics, and fundamental research. He brings over seven years of experience in the crypto space as both a trader and writer.
He discovered cryptocurrencies in 2017 while earning his MSc in Financial Markets at the Barcelona School of Economics, which sparked a deep interest in blockchain and market dynamics. Since then, he’s contributed to top crypto outlets like BeInCrypto and CoinGape.
Valdrin also served as Community Manager of BeInCrypto’s Telegram group for three years, helping grow it into one of the largest crypto communities worldwide. His expertise in market structure and price patterns allows him to break down complex trends into clear, actionable insights.
He’s published thousands of articles covering altcoins, Bitcoin cycles, and macro trends.
