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The Pepe 2.0 price plunged 14% in the last 24 hours to trade at $0.00000005117 as of 10:20 a.m. EST.
Despite the decline, the weekly performance of Pepe 2.0 shows a 1% increase, resulting in a substantial monthly surge of 288% in the token’s price, confirming the prevailing general bullish trend.
The trading volume has also crashed by 78%, reaching $13 million in the past 24 hours.
Pepe 2.0 Price: Bulls Regroup Confirming Overall Bullish Momentum
Buyers of PEPE 2.0 have consolidated near the $0.00000000325 support level, gaining strength and sparking a robust recovery.
The price reached the resistance point of $0.000000008964, triggering a bearish correction to $0.00000003808.
Despite being rejected at $0.000000007964, the bulls showed resilience, reclaiming control around the $0.00000003808 support level and propelling the price to $0.000005232.
Bulls faced rejection at this point upon the formation of the double top pattern, which indicates a trend change to the bearish trend, breaching the $0.000000007964 level to the $0.00000003808 support.
Finding an anchor on this support, the bulls have gathered up force with the potential for a sustained bullish trend to reclaim the $0.000005232 high.
The current price trades above the 50-day simple moving average, reinforcing the bullish outlook and serving as immediate support for Pepe 2.0.
Although the Relative Strength Index (RSI) has experienced a decline, it shows a rebound from the 50 neutral level, indicating a potential for higher momentum and buying pressure at earlier levels.
Pepe 2.0 Price: Rises In Upward Trend
The PEPE 2.0 price is generally on an upward trend, with the 50-day Simple Moving Average (SMA) and the Relative Strength Index (RSI) both indicating bullish strength. This positive momentum has allowed the bulls to bounce back from the $0.00000003808 support level.
However, the $0.000000007964 resistance presents a challenge that buyers need to overcome in their pursuit of reaching a high of $0.00000015297 in 2023, reflecting a 55% increase from the current price.
Buyers should approach the market cautiously, as there is a potential for a further downturn if the bears manage to breach the $0.00000003808 support zone, a crucial level of support.
The risk of a further downturn may mean some investors should consider an alternative such as Meme Kombat token MK.
Meme Kombat Raises $2 Million, $10,000 Giveaway Winners To Be Announced
Investors still have a chance to acquire MK tokens, as the price will rise to $0.214 in less than 24 hours. Meme Kombat has successfully raised over $2 million already, nearing its presale goal of $2.5 million. MK tokens are available at a discounted rate of $0.205 each.
We did it fighters!!!
We passed $2 million raised in presale for $MK 👏
Now to find out who wins the 10,000 USDT👀 pic.twitter.com/qEGeDTnwWP
— Meme Kombat (@Meme_Kombat) November 22, 2023
Additionally, Meme Kombat recently conducted a contest with a 10,000 USDT prize, and the winners will be announced soon.
For those who missed this opportunity, Meme Kombat offers various other avenues for investors to increase their earnings. These include automated staking, a range of betting options, and a robust tokenomics model. By staking MK tokens, investors can achieve an impressive Annual Percentage Yield (APY) of 112%.
Keep buying fam💪 pic.twitter.com/ghUTqGg97e
— Meme Kombat (@Meme_Kombat) November 22, 2023
Cilinix Crypto, a crypto YouTuber with over 36.4 subscribers, has provided an in-depth review of Meme Kombat, highlighting the project’s objectives and growth potential in his YouTube video
To participate in the presale, visit the official Meme Kombat website, connect your Web3 wallet, and purchase MK tokens using BNB, ETH, or USDT.
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