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

PEPE is back on traders’ radar as chart watchers and social sentiment both hint that something big might be brewing. Two separate chart breakdowns are pointing to the same idea: PEPE price 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.Looking at the weekly PEPE chart on Uniswap, market capitalization is rounding a base following a pullback in early 2025. PEPE price traded mostly sideways in a tight trading range from May through December of 2023, which most people consider an accumulation phase.After that, PEPE went parabolic, pushing just over $11 billion in market cap before pulling back. But here’s the key, despite the dip, the token never closed a weekly candle below $2.2 billion. That zone has acted like a strong floor, and now, with PEPE sitting around $3.27 billion, volume is starting to pick up again. The recent candles also show tightening range action, a classic signal that the price is coiling before making a move.Source: X/FyreAnalysts Cite Strong Support and Clear Resistance for PEPE PriceA 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.Read Also: Why SUI Could Be the “Biggest Disappointment of This Cycle” Even With Its InnovationSource: X/EddyXBTSocial Sentiment Points Toward Upside Momentum for PEPEFyre said PEPE looks unstoppable and seems to be getting ready for a big move. He thinks right now is the time for people who truly believe in it to hold on, as they’ll benefit most when prices start going up again.In another conversation, EddyXBT answered someone asking about price targets. He thinks a $20 billion market cap makes sense. This is just his guess, but shows that traders and influencers are increasingly interested in whether this meme coin might have another major price jump.Key Zones Define the Path Ahead For PEPE PricePrice levels near $3.5 billion serve as the current range midpoint. A clear move above $4 billion might trigger a push toward $5 billion, where PEPE price was last rejected. If it breaks through that level, we could see it head toward $11 billion.While the $20 billion prediction on X isn’t based on technical analysis, other meme coins have reached similar ambitious targets during peak excitement phases. For now, both market patterns and social media activity suggest PEPE could move higher.Follow us on X (Twitter), CoinMarketCap and Binance Square for more daily crypto updates.Read our recent crypto market updates, news, and technical analysis here. We recommend eToro Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more Visit eToro Now Active user community and social features like news feeds, chats for specific coins available for trading. Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs. Copy trading: allows users to copy the trades of leading traders, for free. User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate. The post Could This Be the Last Dip for PEPE Price Before a 5x Run to $20B? Analysts Weigh In appeared first on CaptainAltcoin.