Pepe Price Prediction: PEPE Dives 10% As Investors Pivot To This Layer-2 Derivative For Parabolic Potential
Release: 2024/07/04 18:07 Reading: 766
Pepe Price Drops 10% Following Crypto Crash
The Pepe price has plummeted 10% in the past 24 hours, reaching $0.000009684 at 01:33 a.m. EST. Trading volume has also declined by 59%.
This downturn is part of a broader crypto crash that has affected the meme coin sector, leading to a 7% decline in market capitalization.
Pepe Price Prediction
The Pepe price has been trending downwards since its peak of $0.000017257 on May 27. This downtrend has entered the Fibonacci Golden Zone, known for its high volatility.
If selling pressure persists, the Pepe price may fall below the 38.2% Fibonacci retracement level of $0.000009132, pushing it further into a bearish territory.
The Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) indicators also point to a bearish bias, indicating weakening buyer momentum.
Recovery Potential
The Pepe price could recover if buyers take advantage of the dip. However, a sustained recovery would require a candlestick close above the 61.8% Fibonacci retracement of $0.000012234.
In a bullish scenario, the gains could extend the Pepe price above the 78.6% Fibonacci retracement to reach the market range peak of $0.000017257, representing a 78% climb from current levels.
Alternative to PEPE: Pepe Unchained (PEPU)
Some traders are turning to presales amid the meme coin sell-off, with Pepe Unchained (PEPU) being one of the popular alternatives. PEPU is a layer-2 meme coin project that aims to address the scalability, speed, and efficiency limitations of traditional meme coins.
PEPU Highlights:
- Ethereum Layer 2 blockchain solution
- Instant bridging between ETH and Pepe Chain
- Low transaction fees
- Dedicated Block Explorer
- Staking opportunity with a 1,663% annual yield
Call to Action
Pepe Unchained tokens are currently priced at $0.0082596. Investors can visit the official website to purchase PEPU and lock in the best deal.
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