Can it Flip SHIB Next?

TL;DR

• Analysts noticed bullish technical patterns and envisioned additional beneficial properties for PEPE.
• One well-liked X person believes the meme coin will quickly flip SHIB and develop into the second-biggest meme coin.

PEPE on the Run

The frog-themed meme coin has adopted the general rally of the cryptocurrency market prior to now a number of days. Just some hours in the past, it spiked to $0.00001307, which represents a 27% weekly enhance.

PEPE’s market capitalization presently stands at round $5.5 billion, making it the Thirty fourth-largest cryptocurrency and the third-biggest within the meme coin sector. 

Some analysts imagine the asset’s bull run is just beginning. The X person Max thinks PEPE “is about to start flying,” including that “conviction has by no means been greater than proper now.”

$Pepe is about to start flying. Conviction has by no means been greater than proper now.

That is precisely the identical arrange at Feb/March of 2024 besides this time we’ve got ETHBTC as a tailwind as an alternative of a headwind.

Look intently at my chart strains & their annotations. Similar actual arrange. https://t.co/bCVTezE32I pic.twitter.com/GdYigrUrFy

— Max (@MaxBecauseBTC) July 15, 2025

The favored analyst, utilizing the X moniker Nebraskangooner, additionally touched upon the meme coin, noting the formation of an “inverse head and shoulders” construction on its value chart. This is taken into account a bullish technical sample that signifies further beneficial properties within the quick time period. 

Jake Gagain described PEPE because the SHIB of this bull cycle. In his view, probably the most important benefits of the frog-themed meme coin embrace its itemizing on most main crypto exchanges and the sporadic assist from Elon Musk. Gagain went even additional, claiming that Shiba Inu has already had its “main run up,” predicting that PEPE may flip it within the close to future. At present, the hole between the 2 is lower than $3 billion.

The Indicators

Lower than every week in the past, one whale recognized as 0x06b3 purchased 227.8 billion PEPE tokens for about $2.7 million. Such actions are intently monitored by smaller gamers who may additionally determine to enter the ecosystem and distribute contemporary capital. Accumulation from whales is bullish for one more motive: it leaves fewer tokens accessible on the open market, which may propel a value pump (assuming demand doesn’t head south).

Nevertheless, some metrics ought to be considered by buyers as warning indicators. PEPE’s Relative Power Index (RSI) has neared the bearish zone of 70, indicating that the value has risen too quickly in a brief interval.

Readings above that zone sometimes recommend that the asset is overbought and could also be headed for a short-term pullback, whereas something under 30 is taken into account bullish territory.