Date: Thu, April 24, 2025 | 10:01 AM GMT
After a rough start to 2025, where even Ethereum (ETH) tanked by 45% in Q1, the crypto market is finally flashing signs of life. ETH is up 10% over the past week, and this bullish momentum is now spilling over into memecoins — with Pepe (PEPE) showing one of the most intriguing recovery patterns.
After weeks of bleeding red, PEPE has managed a 16% weekly bounce, cutting its year-to-date losses to around 57%. But the real excitement isn’t just in the price — it’s in the chart, where a very familiar fractal pattern is flashing a bullish signal.
PEPE Mirrors Its Past Recovery Structure
According to a fresh analysis by popular chartist @ChandlerCharts, PEPE is showing signs of repeating a familiar move from late 2023, when it completed a double bottom pattern and launched into a major bull run. Back then, after a similar structure formed, PEPE gained over 180% from its lows.
Now, history may be repeating itself.
The chart shows that PEPE recently completed a 76% correction from its highs—very close to the previous setup. It has now formed a clear double bottom near $0.0000060 and has climbed back to $0.0000084, currently testing the neckline resistance of this pattern around $0.0000095.
A successful breakout above this neckline could confirm a trend reversal, with technical targets pointing toward the $0.000010 – $0.000016 zone — more than 100% upside from the current price.
The RSI is also following a similar path, echoing the momentum build-up seen during the 2023 breakout — further supporting the bullish thesis.
Final Thoughts
Fractals don’t always guarantee a repeat, but they often serve as a psychological map for traders watching past patterns re-emerge. With broader market sentiment improving and technicals aligning, PEPE is certainly a token to keep an eye on.
If momentum continues and the neckline breaks convincingly, the comeback could gain real traction — and potentially even outperform previous rallies.
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