Key technicals are flashing green, and traders are banking on the fact that bullish Pepe price predictions finally have the support to be realised.
The often-overlooked Bollinger Bands may be the clearest tell. After spending two months below the central basis line, the meme coin has finally broken above it as buyers return.
The bands are also narrowing, signalling a volatility squeeze that marks a shift away from the prior freefall and adds weight to a bottom taking shape.
Market participants appear to be leaning into the setup. Open Interest has risen 26% since the second bounce, adding more than $55 million as traders re-engage with the price action.
And they appear to be positioning for further upside, with a Long-Short Ratio of 1.03 suggesting the majority of traders are longing the PEPE price.
Pepe Price Prediction: The Strongest Bottom Signal Yet?
This potential bottom appears to have taken shape as a double-bottom reversal, with a second bounce along the $0.000004 level now gaining momentum.
Pepe now tests the pattern’s neckline at $0.0000049, a level that must flip to support to confirm the bullish setup.
Momentum indicators support further upside. The MACD widens its gap above the signal line while the RSI approaches the 50 neutral line for the first time in two months, both signals that buyers are controlling the move.
Fully realised, the pattern targets a measured 50% move to reclaim November highs at $0.0000075. But if this level can be flipped to support, it may mark the start of an extended rally.
And with supportive market conditions, such as a U.S. interest rate ease in December to stimulate demand for riskier plays PEPE, it could push 240% to May highs at $0.0000165.
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