PEPE Soars 100% and Aims Higher

PEPE coin is making waves among the largest cryptocurrencies, standing out with an impressive rally. Since yesterday, its price has soared over 100%, breaking past this year’s previous high. This surge is exciting news for long-term investors holding PEPE in their portfolios.

But what about those who haven't invested yet and want to capitalize on this promising trend? At BITmarkets, we’re here to guide you on timing your market entry.

4-hour time frame analysis

PEPEUSD - 4 Hour Time Frame

Navigating a rapidly moving market can be challenging for novice traders, especially when emotions come into play. That’s why our approach focuses on identifying only the most favorable opportunities, supported by well-defined trading rules.

During the recent bullish momentum, PEPE coin established two crucial support zones. The first, or higher, support zone lies above the 0.5 Fibonacci level in the Premium zone.

Any orders placed here should be of smaller volume compared to those set at the lower support zone, which sits below the 0.5 Fibonacci level in the Discount zone, offering a more attractive entry point.

To manage your positions effectively, it’s vital that the price respects the lower support zone. Specifically, the price should stay above the bottom of this zone on a 4-hour timeframe and not close below it.

This disciplined approach can help maximize potential returns while maintaining a sound trade strategy in the current market trend.