PEPE's recent trend is quite interesting. It experienced a continuous surge a couple of days ago, rising from $0.0000048 to $0.0000052, then pulled back after reaching a high yesterday. Looking at the 1-hour chart now, a clear double bottom pattern has appeared at the bottom, with the second bottom already confirmed, followed by three consecutive bullish candles closing higher. From a technical perspective, this double bottom + continuous rise combination indeed tends to trigger a rebound. The 24-hour increase is 26.20%, and market sentiment remains somewhat hot. However, it's important to control risks before going long, as small-cap coins tend to be more volatile.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
12 Likes
Reward
12
6
Repost
Share
Comment
0/400
StakeHouseDirector
· 4h ago
Double bottoms are indeed attractive, but I'm more concerned about how long this rally can last.
View OriginalReply0
SigmaValidator
· 4h ago
Has the double bottom been confirmed? Then let's wait for the rebound. A 26-point increase is quite attractive.
View OriginalReply0
BlockchainRetirementHome
· 4h ago
Double bottom + continuous rise, I’m familiar with this trick, but after a 26% increase, do you still dare to chase? Be careful of the bagholders.
View OriginalReply0
governance_ghost
· 5h ago
Has the double bottom been confirmed? Bro, can this really take off this time? This pattern has fooled me several times before.
View OriginalReply0
MechanicalMartel
· 5h ago
Has the double bottom been confirmed? Then you need to keep a close eye, as small-cap coins can reverse direction in a matter of minutes.
View OriginalReply0
LiquidityWitch
· 5h ago
double bottoms are just the market's way of brewing alpha before the sacrifice... that 26% pump? ritual hasn't even begun yet, ngl
PEPE's recent trend is quite interesting. It experienced a continuous surge a couple of days ago, rising from $0.0000048 to $0.0000052, then pulled back after reaching a high yesterday. Looking at the 1-hour chart now, a clear double bottom pattern has appeared at the bottom, with the second bottom already confirmed, followed by three consecutive bullish candles closing higher. From a technical perspective, this double bottom + continuous rise combination indeed tends to trigger a rebound. The 24-hour increase is 26.20%, and market sentiment remains somewhat hot. However, it's important to control risks before going long, as small-cap coins tend to be more volatile.