The Pepe Price Plummets 10% As Experts Say This 2.0 PEPE Might Be The Best Meme Coin To Buy Now
Release: 2024/08/12 16:45 Reading: 491
Pepe Price Summary
Over the past 24 hours, Pepe's price has declined by 10%, currently trading at $0.000007841 as of 3 a.m. EST. However, the trading volume has surged by 40% to $673.4 million.
Despite the daily loss, Pepe remains 17% higher on a weekly chart. After a significant price drop over the previous weekend, PEPE rebounded to $0.000009 by August 9th. It then traded sideways for the next two days, its price influenced by the broader crypto sector.
Notably, there have been no major developments for Pepe that could impact its fundamental analysis. Instead, it has primarily followed the trends of other meme coins and the broader crypto market.
Pepe Price Prediction
After over twelve hours of sideways trading, Pepe's price is showing signs of increased activity and a significant surge. The project has gained over 2% in the last hour, facing resistance at $0.0000080.
The start of the new week has brought bullish momentum, evident in the widening Bollinger bands and the price pushing against the upper band. However, the token's Relative Strength Index (RSI) value has shown volatility, shooting up from the oversold zone to the overbought area within minutes. This indicates possible price corrections.
Nevertheless, the rally seems to be affecting the wider market, potentially interrupting expected reactions based on indicators. If the bulls maintain control, the resistance at $0.000008 may be breached, and the price could continue its climb.
Alternative Investments
While the crypto sector remains volatile, there are lower-risk alternatives to Pepe available, such as Pepe Unchained (PEPU). As the first Pepe meme coin with its own blockchain, PEPU offers the potential for decentralized transactions, lower fees, and improved scalability.
Currently, PEPU is undergoing an Initial Coin Offering (ICO) where investors can purchase PEPU tokens for $0.0090178 apiece. The project has already raised over $8 million, attracting attention from major crypto influencers. Its strong performance and potential for growth make it an attractive investment opportunity.
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