Pepe coin, like other meme coins, has had a rough patch lately. Bitcoin’s price dip dragged the whole market down, leaving even Dogecoin struggling. But things might be changing. June is looking brighter for meme coins, with Pepe showing some serious potential.
A Bullish Pepe?
Crypto analyst Crypto Patel spotted something interesting: Pepe is holding strong despite the bearish market. It’s maintaining support between $0.0000091 and $0.0000112 – a key accumulation zone. This suggests buyers are still in control.
Pepe recently broke above $0.000012, hinting that the accumulation phase is ending and a retest of that breakout is underway. A successful retest could trigger a major rally towards new all-time highs.
Currently, Pepe is about 56% below its all-time high of $0.00002825 (reached in December 2024). But Patel predicts the first target is $0.000025 – just 20% away! Further targets are $0.000035 and even $0.000055, representing a massive 500% increase from current prices.
Pepe vs. Dogecoin: The Next Big Meme Coin?
Pepe’s rapid price movements have earned it comparisons to Dogecoin’s 2021 surge. Its smaller market cap makes some believe it could even outperform Dogecoin as the market recovers.
However, Dogecoin isn’t out of the game. Analyst Coin Mastermind highlighted a “round bottom support line” on Dogecoin’s monthly chart. A bounce above $0.20 could signal a significant rally, while a drop below $0.18 might indicate a crash.
