PepeCoin Price Prediction: PEPECOIN Tops Weekly Meme Coin Losers With 22% Dump As This PEPE 2.0 ICO Rakes In $300K In 2 Days

The
Pepecoin
price
has
plunged
22%
in
the
past
week
and
4%
in
the
last
24
hours

to
trade
at
2.11
as
of
3:30
a.m.
EST
on
a
38%
drop
in
trading
volume
to
$2.5
million.

This
price
drop
made
PEPECOIN
the
biggest
loser
among
the
top
100
cryptocurrencies
by
market
capitalization,
according
to
CoinMarketCap.

PepeCoin
Price
Rebounds
Within
The
Descending
Channel

PEPECOIN/USD 
pair
is
currently
trading
around
the
$2.1272
level,
within
a
descending
channel
marked
by
a
bearish
trendline,
indicating
strong
bearish
sentiment
as
the
price
has
been
consistently
moving
lower.

The
price
is
approaching
a
key
support
zone
near
$2.10,
which
has
previously
attracted
buying
interest.

PEPECOIN/USD
Analysis
Source:
Dextools.io

The
first
major
resistance
level
is
around
the
50
simple
moving
average
(SMA)
at
$2.2367,
followed
by
the
200
SMA
near
$2.4848. 
If
the
price
manages
to
break
above
these
resistance
levels,
it
could
potentially
reach
the
target
price
(TP)
near
$2.50.

The
50
SMA
is
below
the
200
SMA,
signaling
a
bearish
trend,
with
both
moving
averages
acting
as
resistance.

The
MACD
is
showing
a
slight
bullish
crossover,
with
the
MACD
line
crossing
above
the
signal
line,
suggesting
a
potential
short-term
bullish
momentum
or
reversal.
for
the
Pepecoin
price.
Further,
the
histogram
bars
are
slowly
diminishing
indicating
that
the
bulls
are
beginning
to
take
over
the
momentum

The
RSI
is
currently
at
40.22,
indicating
bearish
territory
but
not
yet
oversold;
if
it
falls
below
30,
this
would
suggest
an
oversold
condition
and
a
possible
price
reversal.
however,
being
near
the
50
midline
level
there
are
indications
that
the
RSI
might
fly
to
the
overbought
zone
in
the
upcoming
weeks.

PepeCoin
Price
Prediction

The
trend
remains
bearish
unless
key
resistance
levels
are
broken.
The
upcoming
price
action
around
the
support
zone
will
be
crucial
in
determining
PEPECOIN’s
short-term
direction.
Traders
should
look
for
potential
reversals
near
support
levels
and
seek
confirmation
from
technical
indicators
before
entering
positions.

In
a
bearish
scenario,
if
the
price
fails
to
hold
the
current
support
level
of
$2.1272,
it
may
drop
further
towards
$2.00
or
lower,
continuing
its
downtrend
within
the
bearish
channel.

Conversely,
in
a
bullish
scenario,
if
the
price
breaks
above
the
50
SMA
resistance
at
$2.2367,
it
could
target
the
200
SMA
at
$2.4848,
with
a
potential
move
towards
the
reward
zone
near
$2.50.
A
break
above
$2.50
would
indicate
a
shift
towards
a
more
bullish
trend.

Pepe
Unchained
Presale
Rockets
Past
$12
Million-
Next
Meme
Coin
To
Explode?

Meanwhile,
as
PepeCoin
dumps,
PEPE
lovers
are
piling
into
a
new
layer
2
meme
coin
called

Pepe
Unchained
(PEPU),
which
has
rocketed
past
$12
million
in
funds
raised,
making
it
one
of
the
most
successful
presales
of
the
year.

Boom!
$12M
raised!

Pepe
Unchained
is
crushing
milestones
and
gearing
up
for
the
next
big
leap
????????

pic.twitter.com/Cr2MI0CESp

—
Pepe
Unchained
(@pepe_unchained)

September
5,
2024

On
Tuesday,
several
whale
investors
took
advantage
by
making
substantial
investments
in
the
Pepe
Unchained
presale.

Among
the
notable
transactions
was
a
purchase
of
24.4
ETH,
valued
at
$56,735
at
the
time,
which
secured
over
6
million
$PEPU
tokens.

Just
an
hour
later,
another
investor
acquired
approximately
2.76
million
$PEPU
with
10.8
ETH,
worth
$26,196.65.

These
combined
investments,
totaling
nearly
$83,000,
led
to
a
swift
surge
in
buying,
pushing
additional
funding
since
Monday
to
over
$500,000.

According
to
an
analyst
from
99Bitcoins,
a
prominent
crypto
YouTube
channel
with
over
706K
subscribers,
PEPU
has
100x
potential
and
is
one
of
the
best
cryptos
to
buy
now.

PEPU
features
low
transaction
fees,
making
it
more
accessible
to
a
broader
audience,
along
with
enhanced
scalability
that
allows
for
faster
trades
and
a
platform
that
can
handle
higher
transaction
volumes
without
congestion.

Furthermore,
Pepe
Unchained’s
double
staking
mechanism
boosts
rewards
for
PEPU
investors
by
reducing
operational
costs
and
increasing
efficiency.

Pepe
never
sleeps..

But
when
he
does,
the
L2
tech
takes
over.
Big
things
coming!

pic.twitter.com/Kq14BaoVlp

—
Pepe
Unchained
(@pepe_unchained)

September
6,
2024

Currently,
the
project
offers
rewards
of
$608.82
per
ETH
block,
with
an
estimated
annual
percentage
yield
(APY)
of
167%.

You
can
buy
PEPU
tokens
currently
for
$0.0095362.
If
you
are
interested,
buy
before
a
price
hike
in
less
than
a day
to
secure
the
best
deal.

Buy
PEPU
tokens
here
using
ETH,
USDT,
or
a
bank
card.

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