Pepe Price Prediction: PEPE Plunges 12% As This New Meme Coin Rival Raises Over $3.5 Million In Presale

Pepe Price Plummets 12%, Slips Below Key Support

The Pepe price experienced a sharp decline of over 12% in the past 24 hours, trading at $0.00002331 as of 10:06 p.m. EST. Investors are divesting their holdings in the meme coin, leading to its price drop.

Despite the correction, Pepe's positive weekly performance of 13% remains.

Technical Analysis

• Pepe's 4-hour chart indicates a recent dip below the crucial support level of $0.00002398.
• If the meme coin closes a 4-hour candle below this mark within the next 12 hours, it faces the risk of falling to $0.00001953.
• Alternatively, closing three consecutive 4-hour candles above $0.00002398 could halt the price drop and potentially lead to a rebound towards the $0.00002864 resistance level.

Bearish Indicators

• Technical indicators on Pepe's 4-hour chart suggest a potential further decline in the coming 24 hours.
• The Relative Strength Index (RSI) has fallen below the neutral 50 level, indicating stronger selling activity.
• A bearish technical flag pattern has emerged from the Moving Average Convergence Divergence (MACD) indicator, signifying a potential negative short-term trend.

New Meme Coin: Wall Street Pepe (WEPE)

Amidst Pepe's price decline, investors are flocking to buy Wall Street Pepe (WEPE), a rival meme coin. WEPE aims to empower small retail traders with market insights and trading tools.

WEPE Presale

• Wall Street Pepe has raised over $3.5 million in its ongoing presale, indicating strong investor interest.
• WEPE tokens are currently available at $0.000207 and can be purchased with crypto or bank card.
• The price of WEPE is set to increase as the ICO progresses, so investors are advised to act quickly.

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