PEPE coin price could be on the cusp of a strong bullish breakout as it slowly forms a rare chart pattern on the daily chart. One top crypto analyst has predicted that his base case is that it could double in the next few weeks.
Top Expert Expects PEPE Coin Price to Double
A top crypto analyst believes that Pepe, the third-biggest meme coin in crypto, may be on the verge of a strong bullish breakout in the coming days or weeks.
The analyst noted that the coin was forming a double bottom pattern on the daily chart. This pattern is comprised of two lows, where buyers step in to prevent further declines, and a neckline.
Pepe Price Forecast
In this case, the two lows are at $0.000005265, while its neckline is at $0.000092, which is about 75% above the double-bottom point.
Solberg Invest believes that the token will ultimately breakout to $0.000016, more than 100% above the current level. Such a move would push its market cap from the current $3 billion to over $6 billion.
PEPE Price
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