PepeCoin Price Prediction: PEPECOIN Tops Meme Coin Losers With 8% Plunge, But This New PEPE 2.0 Goes Ballistic In Presale With $16.4 Million...
Release: 2024/09/30 22:11 Reading: 404
PepeCoin Price Drops 8%
The PepeCoin price has fallen by 8% in the past 24 hours, reaching $3.175 as of 03:19 a.m. EST. Trading volume has also decreased by almost 2% to $4 million.
This sharp decline has made PepeCoin the biggest loser among the top meme coins by market capitalization, according to CoinMarketCap. Turbo, another meme coin, has experienced a 6% drop.
PepeCoin Price Trend
In mid-September, PepeCoin gained momentum, rising from $2.3 to $3.5. However, it formed a double-top pattern within this resistance, indicating a potential downward trend.
The price has now broken below the previous support level of $3.4 and is trading above the 200-day SMA. The Relative Strength Index (RSI) is approaching the oversold region, suggesting intense selling pressure.
The presence of a Fair Value Gap suggests that the price may continue to decline. If bears gain control, the support zone is expected to be around $2.6.
Bullish Indicators
However, the RSI may indicate that the asset is becoming undervalued, presenting a buying opportunity for bulls. In this scenario, the price could rise above $3.2 and target $3.67.
Conclusion
Investors should note that Pepe Unchained (PEPU) has raised over $16.5 million and may offer higher potential returns than PepeCoin. The PEPU token is currently priced at $0.00989 and can be purchased directly from the official website.
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