How High Can Pepe Price Go This Cycle?

After a period of consolidation, many could wonder if Pepe meme coin still has more room to run. With the market heating up, some believe PEPE could be gearing up for a major move in the current cycle.

An analyst from the Matrix Wealth Media YouTube channel broke down exactly what he sees for PEPE. He explained his strategy, price targets, and how to navigate the volatility ahead. The video was packed with guidance on when to buy, when to sell, and what to expect in terms of profit potential.

PEPE Price Setup and Entry Advice

The analyst starts by saying that PEPE is at a low point right now, calling it a major opportunity for those looking to get in before the next move up. He emphasizes that this bottom zone is where smart money usually enters. According to him, many people who followed his earlier calls were able to book 60% profits by buying low and selling smart.

He advises viewers not to invest all their money at once. Instead, he suggests putting in 10% to 20% of your planned amount at a time. This way, you reduce the risk of being stuck if the price dips. His strategy for taking profits is similar. He recommends exiting in parts, taking out 10% to 20% gains at different levels and using that profit to reenter on the dips.

This dollar-cost averaging and staged exit approach is what he believes gives you the best chance to ride a meme coin like PEPE without being caught in sudden corrections.

PEPE Price Levels and Targets

In his chart analysis, the Matrix Wealth Media host points out some important support and resistance levels for PEPE price. He shows that the market recently closed near a resistance zone, meaning a short-term pullback is likely. He outlines three key areas to watch if the price drops:

  • $0.00000781
  • $0.00000830
  • And in a worst-case scenario, $0.00000689, which he says would only happen if Bitcoin crashes hard.

These zones, according to him, have historically acted as support, as PEPE has often bounced from those levels. He describes how PEPE tends to pump, drop, and then stay at consistent zones before another leg up, a sign that buyers are stepping in at those levels.

As for price targets, he gives three major zones to aim for during this cycle:

  • First target: between $0.00001027 and $0.00001085
  • Second target: around $0.00001249
  • Third and most important target: $0.00001621

He reminds viewers that these are areas to consider exiting in stages and that none of this is financial advice. Everyone should do their own research before making any trade.

Read Also: Why XRP Price Could Be Headed to $17 – And Maybe Even Higher

Bitcoin’s Role in Meme Coin Moves

Toward the end of the video, the analyst zooms out to talk about Bitcoin. He says that Bitcoin’s bullish trend is what fuels altcoin rallies, including meme coins like PEPE. According to him, anyone who wants to succeed in crypto should closely follow Bitcoin first. He calls it “the gamechanger.”

He shows that Bitcoin is currently battling within a key resistance zone marked by red lines. Buyers and sellers are stuck in what he describes as a rectangle, and if Bitcoin breaks out with strong volume, a new all-time high could come in less than a month.

However, he warns about buying during weekends, as low volume and whale manipulation can trap retail investors. His final advice is simple: don’t buy Bitcoin or any altcoin when the price is already high. Wait for dips and retests. Otherwise, you risk entering at the top.

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Boluwatife Afe
Boluwatife Afe

Boluwatife is a dedicated content strategist specializing in the crypto industry and is passionate about blockchain technology and digital currencies. With a keen eye for emerging trends and a talent for making complex topics accessible, Boluwatife aims to educate and inspire the crypto community through engaging and insightful content.

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