The meme coin market continues to heat up, with PEPE price surging a massive 40% in 24 hours. The sudden spike has traders buzzing, especially as PEPE now stands at a $5.5 billion market cap.
Now, crypto analyst Fyre highlights a breakout structure on X, saying the chart has "send me to the moon" energy. He adds he's been bullish, still is, and believes PEPE is not done writing history yet. His chart shows a clean upward move with strong support. The pattern suggests a continuation if momentum holds.
This breakout didn't come from nowhere. For weeks, PEPE was capped, bouncing between $2.8B to $4.2B. It was quiet, even as other meme coins were hot. But now, it's slashed through resistance with huge volume.
That kind of move signals the start of a larger run. Is $10B the next pit stop for $PEPE? This chart's got "send me to the moon" energy written all over it. I’ve been bullish, still bullish, and staying strapped in $PEPE isn’t done writing history.
Can PEPE Hit $10 Billion?
The next key levels are around $6.3 billion and $7.2 billion in market cap. If PEPE can break those, the road to $10 billion is clear. Last time the PEPE price was close to that level was during its 2024 all-time high. If meme coin mania continues and Bitcoin stays strong, PEPE could get there faster than most expect.
What’s clear is that meme coins are outperforming. While some altcoins are slow, meme tokens are flying. BRETT, FARTCOIN, and even DOGE or FLOKI all pumped double digits today. Traders are rotating capital into meme plays, chasing momentum and high returns. PEPE is right at the center of this trend.
Technically, PEPE has strong support around the $0.00001000 to $0.00001050 range, which acted as resistance before the breakout. If the price pulls back, this zone could attract buyers again. On the upside, the next major resistance sits around $0.00001420, with the all-time high near $0.000017 being the level most bulls are watching. If PEPE can push past that, a full extension toward the $10 billion market cap could quickly come into play.
For now, PEPE holders are holding strong. With fresh energy in the meme coin market, $10 billion may not be a dream. It could be the next stop.
