Pepe (PEPE)

Forming a bearish channel in the daily chart, the PEPE price action shows a negative cycle. However, the underlying surge in demand shows a double-bottom reversal at the $0.00000772 support level.

Furthermore, the meme coin price action shows the reversal rally ready to give a pennant breakout run. Supporting the recovery run, the MACD indicator’s bullish crossover and the RSI line’s bullish divergence tease a price jump.

A breakout rally in the PEPE price can find opposition near the resistance at the $0.000010 mark. Further, a second breakout run can result in a price surge to $0.000016.$PEPE