Pepe Coin Poised for an Ultra-God Candle as Fibonacci Extensions Confirm Further Upside For the Meme Coin

Analyst Davie Satoshi Notes Bullish Trend for PEPE

Analyst Davie Satoshi observed that the meme coin PEPE has recently displayed two of its most extended green candles in history. This exceptional performance has sparked speculation of an impending "ultra-god candle," signaling a potential surge in price.

Fibonacci Extensions Provide Clear Roadmap

BecauseBTC CEO has identified and confirmed Pepe's Fibonacci extensions, which serve as a clear roadmap for the remainder of the cycle. The chart reveals evident interaction at each extension level, beginning with the initial range and currently at the 1.618 extension. Pepe has repeatedly rejected and subsequently reversed the 1.618 level, leading to a significant bounce after a retest.

While some critics attribute Pepe's recent success solely to the potential approval of an Ethereum ETF, BecauseBitcoin CEO contends that the price action was always evident in the chart and that coincidences are non-existent.

Milei Moneda: A New Meme Coin to Watch

Milei Moneda is a novel meme coin inspired by the political and economic views of Javier Milei, an Argentine president known for his libertarian and pro-Bitcoin stance. The ongoing low presale price presents an opportunity to invest early.

Smart Traders Capitalize on Pepe's Rise

Lookonchain reported that a savvy trader deposited 201.85 billion $PEPE (worth $2.83 million) to Bybit for profit-taking. This trader has traded $PEPE three times with a 100% win rate and a total profit of approximately $2.48 million.

In another tweet, Lookonchain highlighted the success of an early Pepe buyer who deposited all 182.9 billion $PEPE (worth $2.53 million) into Binance a few hours ago. This investor initially spent 0.22 $ETH ($462) to purchase 324.9 billion $PEPE on April 15, 2023, and sold it all for $3.4 million, turning $462 into $3.4 million – a gain of 7,368x.

Potential for Continued Growth

PEPE's potential for further growth remains strong. The recent green candles and the confirmation of Fibonacci extensions provide a solid foundation for the meme coin's future price action.

Final Thoughts

BecauseBitcoin CEO, a long-time holder of Pepe, encourages investors to remember those who spread fear, uncertainty, and doubt (FUD) over the past weekend and those who advised them to remain calm and hold their positions.

Pepe Coin's impressive performance and the potential for an ultra-god candle have positioned the meme coin as a strong contender in the current cryptocurrency market cycle.