Shiba v Pepe (SHEPE) Meme Duel - Will SHIBA Outpace Pepe With a Strong Rally?

Shiba v Pepe (SHEPE) Meme Duel – Will SHIBA Outpace Pepe With a Strong Rally?

Updated: 08 September 2023

Disclosure

Don’t invest unless prepared to lose all the money you invest. This is a high-risk investment, you shouldn’t expect to be protected if something goes wrong.

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The meme coin SHEPE debuted on Uniswap on August 29th, experiencing an incredible surge in value of over 1,000% since its initial listing.

We’ll explore potential price levels based on trending news and market analysis to provide insights into the token.

Shepe/WETH has an impressive DEXTools score of 98/99, proving its reliability. However, this token isn’t available on any significant centralized exchange and has a lower trading volume than most cryptocurrencies.

Many investors are watching closely as SHEPE gets more popular, wondering if it will keep growing and how it might affect the crypto market.

Because cryptocurrencies can be very unpredictable, people are curious whether SHEPE, which combines Shiba Inu and Pepe Coin, will keep increasing in value over time.

SHEPE’s price has dropped by 66% as sellers have pushed the price down, showing determination to sell.

After that significant drop, SHEPE’s price went down by 66%, reaching $0.000000004215 at 7.00 a.m. EST. Also, the amount of SHEPE traded in a day went up by 50% to $5.83 million.

Chart Analysis: SHEPE’s Selling Activity and Positive Indicators

Looking at the 2-hour chart, several red candlesticks show that people are selling a lot.

Some technical stuff tells us that SHEPE is above the lower Bollinger band, which is a good sign. If more people start buying today, SHEPE might go up to the upper Bollinger Band because people seem positive about it.

The RSI, another thing that tells us about the market, is around 35 and moving toward the oversold zone, which means more people are starting to buy SHEPE.

Also, the MACD shows fewer red bars, which means there’s less selling pressure, and more people are interested in buying.

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