This rally is gaining traction on the back of broader market optimism and renewed investor interest in high-volatility assets such as meme tokens.

After months of sluggish movement and a prolonged bearish phase, PEPE coin is starting to show signs of recovery.

Memecoins have largely faded from the crypto spotlight in recent times, but one surprising rally could bring a triple-bottom pattern to completion.

Triple-bottom patterns are recognized as bullish chart formations, especially when they form at a key support level. In the case of PEPE, this support zone comes at $0.00000585.

Chart patterns: Triple-bottom vs. inverse head-and-shoulders

Technical analysts on TradingView point out that PEPE is also displaying an emerging inverse head-and-shoulders pattern. This pattern is bullish and signals a reversal of the bearish trend.

“The coin is currently testing the neckline and 50-day moving average. A break above these could have the next target around $0.00001075—roughly 45% from current prices.”

A triple-bottom pattern is a bullish chart pattern that forms when an asset bounces off the same support level three times. This pattern is often seen as a sign that the sellers are losing steam and the buyers are starting to take control.

An inverse head-and-shoulders pattern is a bullish chart pattern that forms after a downtrend. This pattern is made up of three peaks, with the middle peak being the lowest. The neckline is the line that connects the lows of the two troughs.

Both triple-bottom and inverse head-and-shoulders patterns are bullish chart patterns that can lead to big gains for traders. However, it’s important to note that these patterns are not foolproof and there is no guarantee that they will work.

Despite the recent volatility in the crypto market, interest in memecoins like PEPE is slowly returning as broader market optimism continues and institutions pour more attention on altcoins.

After a multi-month low of $0.000005784, PEPE has shown some strength with a rebound to trade at around $0.7310 on Wednesday. This recovery represents a 4.13% daily increase.

According to CoinMarketCap, trading volume has surged to $588.3 million and the market cap has climbed to $3.06 billion.

PEPE is known for its high volatility, which could be attributed to its close ties to retail trader sentiment. Any positive market sentiment could boost the odds of a move to higher highs.

According to crypto analyst Andrew Griffiths, periods of prolonged consolidation, such as the one PEPE has been experiencing in a descending channel for nearly four months, often result in explosive breakouts.

If PEPE breaks upward, a rally toward the $0.0000105 zone, what Griffiths calls the “blue wave” target, becomes very likely. However, if the breakout fails to materialize, there might be further downside and revisit support at around $0.00450.

PEPE price action could serve as a key bellwether for the broader meme coin sector heading into the second quarter of 2025. Investors and traders will be closely watching to see if PEPE can capitalize on the triple-bottom pattern.

While uncertainty remains a core feature of the memecoin landscape, the recent uptick in activity suggests a growing confidence in its potential upside. Should the momentum hold, the PEPE price prediction of $0.0000105 could soon become reality—turning heads across the crypto space once again.