Is PEPE About to Skyrocket? Analyst Predicts 2x Price Surge Based on Rare Patterns

The meme coin PEPE is back in the spotlight — and this time, it’s not just about hype. A respected crypto analyst is predicting that PEPE could double in value in the coming weeks, thanks to several rare and bullish technical patterns forming on its daily chart. Buckle up — things might be about to take off!

Double Bottom & Falling Wedge: Signs of a Breakout Ahead Top analyst Solberg Invest has highlighted a developing double bottom pattern on PEPE’s daily chart — a strong signal that a bullish reversal may be imminent. The formation features two distinct lows around $0.000005265, with a neckline approximately 75% higher. But the rally might not stop there. The analyst believes PEPE could break out as high as $0.000016, representing over 100% growth from current levels. That would also boost its market cap from $3 billion to more than $6 billion.

Bullish Signals Are Piling Up: What Else Supports the Breakout? PEPE isn’t relying on a single pattern — multiple technical indicators are lining up in favor of a breakout: 🔹 A triple bottom around $0.000005858 adds further support.

🔹 The neckline of this pattern points toward $0.00002835, which would be a 290% surge from current prices.

🔹 A bullish divergence is forming, with the Percentage Price Oscillator (PPO) rising and nearing the zero line.

🔹 The Relative Strength Index (RSI) is climbing toward the neutral 50 mark — a sign that consolidation may be ending.

🔹 A falling wedge formation has already been broken — a classic signal that a bullish move is near.

MVRV-Z Score Suggests PEPE Is Undervalued The MVRV-Z Score — a widely used metric to assess whether a crypto asset is overvalued or undervalued — currently sits at -0.717 for PEPE, well below its December peak of 2.67. This indicates that PEPE is currently undervalued, potentially attracting savvy buyers looking for high-upside opportunities.

The Risk? Clearly Defined To maintain the bullish outlook, PEPE needs to hold the triple bottom support level at $0.000005860. A drop below this line would invalidate the positive scenario. Until then, the charts suggest the stage is set for an explosive move upward.

Conclusion: PEPE May Be Closer to a Breakout Than You Think With multiple bullish patterns, strong technical indicators, and valuation metrics flashing green, PEPE could soon become the next star in the meme coin space. If analyst predictions are right, the price might double — or even more — in the coming weeks.

#PEPE_EXPERT , #memecoin , #CryptoNewss , #CryptoPredictions , #PEPE‏

Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies! Notice: ,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“