PEPE Holds 3.0B Support As Analysts Predict New All-Time High in October

PEPE continues holding steady above 3.0B support while analysts track signs of growing buyer interest in the market.

The weekly structure shows consistent accumulation suggesting an early stage setup for a possible upside move soon.

Volume growth and active trading around the 3.2B mark signal that a bullish breakout could begin this October.

The meme coin PEPE is drawing attention again as analysts point to a possible all-time high (ATH) formation in October, according to Eddy XBT’s recent chart update. The visual shared on X (formerly Twitter) highlights a clear accumulation range between 3.0B and 4.0B market cap levels, suggesting the token is preparing for another major move upward.

At the time of the update, PEPE/WETH on Uniswap traded around 3.20B, recording a mild daily gain of +1.59% with a trading volume of 1.387M. The highlighted yellow zone in the chart marks the long-term support level that has repeatedly served as the base for previous upward movements.

The weekly timeframe shows that PEPE has maintained this structural zone since early 2024, with repeated rebounds following periods of consolidation. The consistent defense of this level indicates active accumulation, which historically precedes expansion phases.

Analyst Eddy XBT commented, “Bro it’s obvious, new ATH for PEPE in October,” implying confidence in a potential rally if momentum builds within the highlighted range.

Accumulation Zone Signals Market Preparation

The pattern shown on the TradingView chart reveals an extensive consolidation structure — a hallmark of accumulation before bullish continuation. Similar setups have appeared before major price advances, where sideways trading compresses volatility ahead of expansion.

The rectangular yellow zone represents the main support band that has held PEPE steady despite multiple tests. Each time price revisited this level, strong buying activity surfaced, confirming that long-term holders and large traders remain active.

As of the most recent weekly candle, price continues to oscillate between 3.0B and 3.25B, with visible higher lows forming along the base. This compression indicates tightening liquidity, a technical precursor to breakout movements.

The large upward arrow drawn on the chart suggests that analysts anticipate an imminent upward leg, potentially extending beyond 10B in market capitalization if momentum aligns with past cycles. The broader sentiment among traders reflects optimism, with several posts referencing growing on-chain activity and renewed interest in the PEPE ecosystem.

Traders React to the Chart Setup

Community responses to Eddy’s chart were quick to surface, with many traders expressing bullish anticipation. One user noted, “Stacking like there’s no tomorrow, no weak hands here,” signaling confidence in sustained holding behavior. Others described the setup as “ready for something huge,” referring to the stable price action following extended accumulation.

Another community member commented that “volume speaks louder than words,” drawing attention to the recent uptick in transaction size across decentralized exchanges. Increased trading volume often signals renewed participation, supporting the idea that the market may be preparing for volatility.

The meme token’s stability within a historically reactive zone could indicate growing conviction among investors. Despite past cycles of sharp corrections, PEPE’s current market structure remains orderly, reflecting maturity in trading dynamics compared to earlier months.

The data suggests that the coin’s next movement could define its medium-term trajectory, with potential targets aligned with previous peak levels near 16.00B in total market capitalization.

Technical Picture Points Toward Positive Market Outlook

The combination of steady volume, historical support, and gradual recovery from prior lows provides a foundation for optimism. Over the past several weeks, price candles have closed above the midrange of the consolidation box, confirming the presence of active buying pressure.

If PEPE successfully breaks above the upper boundary of 4.0B, technical projections place the next potential resistance near 8.0B, aligning with Fibonacci extension levels from earlier cycles. Crossing this threshold could accelerate a move toward 10.0B–12.0B, which many chart watchers identify as the breakout zone.

Traders referencing the chart view it as a classic accumulation-to-expansion setup, a structure commonly observed in early-stage market recoveries. The coin’s volume and consistency indicate a healthier trading pattern than seen in prior rallies.