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.
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