TLDR:
- PEPE forms a bullish base with a rounded retest, signaling breakout potential.
- Analysts tag PEPE a “mega long” for this cycle amid a strong technical setup.
- PEPE gains 9.69% daily as traders eye a $30B market cap forecast.
- Memecoin’s legacy and social momentum keep retail interest strong.
Cryptocurrency analysts are highlighting PEPE as a standout memecoin opportunity following recent technical analysis showing bullish momentum patterns. The Ethereum-based token has gained interest from traders who believe patient investors could see substantial returns during the current market cycle.
Social media discussions around the frog-themed crypto have intensified as technical indicators suggest potential upward movement. Market observers note that PEPE price action demonstrates classic accumulation patterns that historically precede major rallies.
Analyst Highlights Bullish PEPE Chart Setup
A recent post from chart analyst Jackis identified a key technical pattern on the 2-day PEPE chart. He noted that the coin had formed a solid base, followed by a breakout and successful consolidation above previous resistance.
According to his assessment, the token is retesting those levels in a rounded manner, which often signals strength in technical setups.
$PEPE will be one of the most obvious mega longs of this cycle for those with patience & THE major meme to last through cycles
Don’t over complicate it, be like #PEPE pic.twitter.com/GEOiHK0AxS
— JACKIS (@i_am_jackis) June 3, 2025
The post featured a stylized image of Pepe the Frog alongside a sharp upward arrow and the term “SEND IT.” This visual reflected the growing sentiment among long-term holders expecting a strong leg higher.
Jackis described PEPE as a “mega long,” suggesting it could outperform through this market cycle.
As of press time, the memecoin is priced at $0.00001261, according to CoinGecko data. It has gained 9.69 percent over the past 24 hours while falling 11.34 percent over the week.
The daily trading range sits between $0.00001146 and $0.0000128, with weekly highs reaching $0.00001474.
This short-term recovery follows a broader correction, which some traders interpret as healthy consolidation. If current levels hold, technical traders may see this as a springboard for another upward move.
Pepe Price Forecasts Call for Summer Momentum
In another post, user DexGemsReal referenced historical price movements to suggest a target market cap of $30 billion by summer.
The chart displayed an ascending triangle, a pattern often seen as bullish in technical analysis. This formation, coupled with rising demand for memecoins, adds fuel to the community’s expectations.
Although such targets remain speculative, momentum-driven coins like PEPE often move rapidly when investor attention returns. Memecoin cycles are typically fueled by online engagement and trading volume, not project fundamentals.
Study the price action of the greatest memecoin of all time
$30B this summer for the *green* frog pic.twitter.com/TnTbzoN0tf
— lyx (@DexGemsReal) June 2, 2025
PEPE’s appeal continues to come from its meme legacy and large social following.
Created as a tribute to the internet-famous Pepe the Frog character, the token remains a favorite across crypto forums. It has become a recurring player in speculative rallies, especially when broader sentiment turns risk-on.
While institutional money flows into more regulated assets, retail traders still lean into high-volatility tokens like PEPE. If current bullish structures hold, the memecoin may remain a central figure in the evolving memecoin narrative.
The post PEPE Price Rebounds as Analysts Predict Summer 2025 Rally appeared first on Blockonomi.
This articles is written by : Nermeen Nabil Khear Abdelmalak
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