Pepe Price Prediction: PEPE Plunges 8% As Traders Migrate To The Second Coming Of This 100X Meme Coin

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The
Pepe
price
has
plunged
8.4%
in
the
past
24
hours



to
trade
at
$0.000007029


as
of
3:20
a.m.
EST
on
a
23%
drop
in
trading
volume
to
$517
million.


Pepe
Price
Consolidates
Into
A
Bullish
Pennant

Pepe Price


PEPEUSDT
Analysis
by
Tradingview


The
current
price
of
Pepe
is
below
its
all-time
high
of
$0.00001064,
but
there
are
some
positive
signs
suggesting
a
rebound
within
a
bullish
pennant
pattern.
This
pattern
indicates
that
the
bullish
trend
for
Pepe
may
continue.


Despite
a
small
retreat,
the
lower
trendline
of
the
pennant
allows
the
bulls
to
gather
themselves
and
push
the
price
higher,
potentially
breaking
out
above
the
pennant. 


Moreover,
the
support
coincides
with
the
50-day
simple
moving
average
(SMA),
while
the
price
maintains
momentum
above
the
200-day
SMA.
This
indicates
a
potential
beginning
of
a
bull
rally
as
buyers
get
more
involved.


The
Macd
shows
signs
of
a
rebound
below
the
neutral
level,
with
the
blue
line
crossing
the
orange
signal
line.
Furthermore,
the
histogram
shows
positivity
near
the
neutral
level.


The
relative
strength
index
(RSI)
signals
a
reversal
from
the
midline
level
of
50.
With
increased
momentum,
the
RSI
is
expected
to
rise
to
the
overbought
level,
indicating
intense
buying
pressure.


Pepe
Price
Bulls
Gear
Up
For
A
Bullish
Momentum


The
bullish
pennant
indicates
that
the
upward
trend
may
persist,
potentially
driving
the
price
even
higher.
If
the
price
keeps
rebounding
from
the
lower
trendline
of
the
pennant,
it
could
help
buyers
overcome
the
resistance
level
at
the
previous
all-time
high
of
$0.00001064,
aiming
to
reach
a
new
peak
at
$0.00001525.


However,
if
sellers
gain
control,
the
price
might
fall
below
the
lower
boundary
of
the
pennant,
dropping
to
around
$0.00000661.
This
could
prompt
buyers
to
retreat
towards
the
support
zone
at
approximately
$0.00000450.


SPONGEV2:
Best
Meme
Coin
To
Buy
Today
For
100X
Returns


As
traders
gear
up
for
a
bull
rally
for
Pepe,
many
are
also
diversifying
into



SPongeV2


as
it
gears
up
to
list
on
major
tier-one
exchanges. 


SpongeV2
is
the
successor
of
Sponge
V1,
which
back
in
May
2023
soared
100X
during
a
bear
market
to
reach
a
market
cap
of
$100
million.


Sponge
V2
is
an
upgrade
on
its
predecessor
that
offers
improved
features
and
more
value
for
token
holders.
One
standout
feature
is
the
staking
option,
which
gives
holders
an
impressive
annual
percentage
yield
(APY)
of
166%
on
Ethereum
and
362%
on
the
Polygon
network.


In
addition
to
securing
listings
on
top-tier
exchanges,
the
platform
intends
to
release
a
play-to-earn
racer
game
available
in
both
paid
and
free
versions.
In
the
paid
version,
SPONGE
will
act
as
in-game
credits,
and
rewards
will
also
be
distributed
in
the
meme
coin.


YouTuber
Crypto
Boy
says
SpongeV2
has
the
potential
to
explode
100X
on
launch.



Buy
the
token
on
the
project’s
official
website
here
.
You
can
use
ETH,
MATIC,
USDT,
or
a
bank
card.


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