Could This Be the Last Dip for PEPE Price Before a 5x Run to $20M? Analysts Weigh In

PEPE is back on traders' radar as chart watchers and social sentiment both hint that something big might be brewing.

PEPE price is in the crosshairs as chart watchers and social sentiment hint that something big might be brewing.

Two separate chart breakdowns are pointing to the same idea: PEPE could be setting up for another major move. The analyses look at the token’s market cap movement, showing strong buying zones and increasing volume. At the same time, market analysts Fyrez and EddyXBT are stirring up talk on Twitter – one suggests it could push past the previous high, while the other thinks a $20 billion market cap is possible.

Analysts Cite Strong Support and Clear Resistance For PEPE Price

A second chart shared in the analysis reflects the same support zone between $2.2 billion and $2.8 billion. It also confirms weekly candles closing above wicks into support, reinforcing buyer activity.

There’s resistance around $4 billion, with another tough spot near $5 billion. If PEPE breaks through these levels, it might climb back to the $11.5 billion area, where it peaked before.

Right now, the price is moving in a clear range. Breaking above $4 billion with good volume could mean an upward trend is starting. The mix of steady price action and growing buyer interest hints that something’s about to happen on the chart.

Social Sentiment Points Toward Upside Momentum for PEPE

“PEPE looks unstoppable and seems to be setting up for a huge move. Now is the time for true believers to hold on and enjoy the ride to the top. Personally, I’m rooting for it to smash past the previous all-time high with strong volume,” Fyre said.

In another conversation, EddyXBT responded to someone asking about price targets.

“I think a $20 billion market cap makes sense. It’s just my opinion, but it would be interesting to see if this meme coin has another major price jump.”

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