PEPE's Structure Similar To Dogecoin's 2021 Bull Cycle, Says Analyst Who Sees 'Unlimited' Potential For The Frog-Themed Crypto

A widely followed cryptocurrency commentator made a bold prediction about the potential of the frog-themed token Pepe PEPE/USD on Sunday, likening its structure to that of Dogecoin DOGE/USD during the 2021 bull market.

What Happened: Iyx, known for studying chart patterns of popular meme coins, said that the potential of PEPE’s next move is “unlimited,” drawing a parallel with Dogecoin’s explosive run to $90 billion market valuation in 2021.

The commentator said that Bitcoin reaching $150,000 will infuse significant liquidity in the market, enabling “massive” pumps for top-tier coins like PEPE.

“PEPE might be the first meme to hit $100 billion valuation on his first cycle,” Iyx projected.

$PEPE is building a $DOGE like structure just before it exploded to 90b mc but on a higher time frame which means the potential of the next $PEPE leg is truly almost unlimited

The way i see it when $BTC hits 150k the amount of money in the crypto market will skyrocket which… pic.twitter.com/dRtW6IVqST
— lyx (@DexGemsReal) February 23, 2025

Meanwhile, another well-known analyst Max Schwartzman, shared a custom pair chart for PEPE, correlating the coin’s accumulation with its price action.

The analysis indicated a negative relationship between the accumulation by whales and the price. This meant that large investors aggressively stocked PEPE, while retail investors sold the tokens.

I created a very interesting custom pair chart for $PEPE that I think gives a tremendous amount of high time frame signal.

The black line is a ratio showing (% of Tokens Held by Whales➗% of Tokens Held by Retail)… More simply put…

Black Line Up = Whales Accumulating… pic.twitter.com/GkUdHe9oXO
— Max (@MaxBecauseBTC) February 23, 2025

Why It Matters: The bullish expectations come amid PEPE’s corrective phase, which has seen the Ethereum ETH/USD-based coin plunge nearly 40% in a month.

PEPE’s Bull Bear Power indicator, which measures the strength of buyers and sellers in the market, was “Neutral” as of this writing, while the Momentum indicator, which compares the short-term price and long-term price, flashed a "Sell" signal, according to TradingView.

Over the last 24 hours, PEPE balance held by long-term holders increased by 0.04%, according to IntoTheBlock, indicating accumulation.

Price Action: At the time of writing, PEPE was exchanging hands at $0.000009025, down 5.45% in the last 24 hours, according to data from Benzinga Pro.

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