PEPE Showing Potential Reversal Structure
PEPE
0.0₅424
-2.52%
has retraced from 0.000005030 to 0.00000424 this week, but the broader structure remains interesting.
On the daily timeframe, price has formed a clear double-bottom around 0.0000036. The neckline stands near 0.0000072. A confirmed breakout above that level opens room toward 0.0000108, implying roughly 150% upside from current price.
Derivatives data supports the narrative. Futures open interest has climbed to 262M, while daily volume remains elevated at 435M, signaling sustained trader participation.
The bullish structure becomes invalid below 0.0000036.
Is this the beginning of a larger recovery move for PEPE, or just consolidation before another leg down?