Analysts predict that the price of Pepe Coin ($PEPE ) could surge following the surge in the price of Dogecoin ($DOGE ), with an expected increase of up to 900%. As the cryptocurrency market prepares for a potential surge in altcoins, the popular meme coin Pepe Coin is gaining more attention. Recent price action suggests that PEPE could see a bullish trend, sparking speculation of a significant increase in its price.

Analysts are eyeing the impressive potential gains that Pepe Coin could bring and predict that its price could follow the rise of Dogecoin. In a post shared on the X platform, crypto analysts provided an updated prediction for the price of PEPE, highlighting that PEPE has experienced a long period of consolidation, while the leading meme coin DOGE has begun to rise.

Analysts note that the long period of consolidation at $PEPE has set the stage for a major breakout, which could indicate that the meme coin will experience a similar trend. PEPE's price is expected to rise by nearly 900%, and it is expected to see a bullish rebound soon. DOGE’s price has risen 10% in the past 24 hours and 15% in the past week. As of the time of writing, Dogecoin’s current price is $0.1256.

PEPE’s on-chain data shows that key holder activity is increasing, suggesting possible accumulation. The surge in the number of active addresses and whale transactions reflects renewed interest in the coin. As the price shows signs of stabilization, the increase in the number of whale transactions (over $100,000) indicates that significant investors are preparing for a potential uptrend.

Despite the recent correction, the decline in the supply of PEPE held on exchanges means that selling pressure has eased. Coupled with the surge in whale activity, these indicators may support a future rally, indicating confidence from large investors. With the increase in institutional interest and active addresses, Pepe Coin’s price may soon see a significant rebound.