PEPE Bounces from Key Support, Eyeing a 100% Rally

PEPE has bounced sharply from a major support level at $0.00000567, igniting bullish speculation of a potential 100% rally. After a period of correction and sustained selling pressure that pushed the coin close to a low of $0.00000525 in early March, the token has reclaimed the important threshold of $0.00000710. Technical analysis suggests that this renewed upward momentum, in the form of a clean bounce from a horizontal support level, sets up PEPE for a breakout with a target of $0.00001447—a move that could almost double its current price. This resurgence comes after weeks of bearish sentiment and previous warnings of a potential crash if support was lost. Adding to the positive outlook, the broader crypto market sentiment is improving, led by Bitcoin's recovery around $85,000 following recent volatility. Analysts recommend a risk-managed entry with a stop loss below $0.00000567, anticipating that steady market inflows might drive PEPE upward in both the short and long term.