Pepe Coin Nears Neckline Test as Double-Bottom Pattern Takes Shape

Pepe Coin (PEPE) may be turning around after defending the $0.00000255 support level twice, according to crypto analyst @cryptowithgopal.

The potential double-bottom pattern is forming on the one-hour chart, with the neckline at $0.00000263. If PEPE clears this level, it would provide the first technical confirmation that buyers are gaining strength and challenging the recent downtrend.

However, the broader Pepe crypto trend remains under pressure, with the token spending much of the recent period below major moving averages and longer-term technical readings carrying a bearish bias.