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The Pepe price has plunged 7% in the past 24 hours to trade at $0.000007206 as of 7:20 a.m. EST on a 23% drop in trading volume to $738 million.
PEPE was last week dethroned by Dogwifhat (WIF) as the third-largest meme coin by market capitalization, and it now lags behind the Solana meme coin sensation by almost $1 billion.
Pepe Price Consolidates Into A Bullish Pennant
PEPEUSDT Analysis by Tradingview
The Pepe price is currently trading below its all-time high of $0.00001064. However, it indicates some positive signs of rebound within a bullish pennant pattern. This pattern suggests that the bullish trend for Pepe might continue.
The price of Pepe is on the rise within this pennant, bouncing back from the lower trendline. Additionally, the price has slightly crossed above both the 50 and 200 simple moving averages (SMAs) on the 4-hour chart, which could indicate the beginning of a bull rally as buyers become more active.
The Macd indicates a rebound below the neutral level as the blue line crosses the orange signal line. Moreover, the histogram indicates positivity near the neutral level.
The relative strength index (RSI) indicates a reversal on the 30 oversold level towards the 50 midline level. Increased momentum should see the RSI surge to overbought, indicating intense buying pressure.
Pepe Price Bullish Pennant Signals A Rebound
The bullish pennant suggests that the upward trend might continue, potentially increasing the price. If the price continues to bounce back from the lower trendline of the pennant, it could help the buyers break through the resistance level at the previous all-time high of $0.00001064 to reach a new high of $0.00001525.
However, if the sellers take charge, there’s a chance the price could drop below the lower boundary of the pennant, reaching around $0.00000661, leading to a retreat by the buyers toward the support zone at around $0.00000450.
Meanwhile, investors are scrambling to get their hands on $SMOG so they catch the positive sentiment that’s likely to be driven by the token’s imminent listing on MEXC.
Final Call, Buy Smog Now Before CEX Listing
The Smog meme coin on Solana continues to attract massive investor interest ahead of its listing on MEXC at 6:50 a.m. UTC on April 4, with trading beginning at 9 am UTC.
🌇 We're starting the day with a bang #Dragons! 💥
🐉 $SMOG will be listed on @MEXC_Official exchange! 🎉
Deposits are now open! 💰🔥
Voting is live and ends tomorrow at 6:50 am UTC! 🗳️
Trading begins tomorrow at 9 am UTC! 📈
Also, it's the final call as Season 1 of the SMOG… https://t.co/pgQCzuXeoL
— SMOG (@SMOGToken) April 3, 2024
Don’t Miss SMOG Season 2 Airdrop, And Staking
With Season 1 of a $1million airdrop now closed, Season 2 is set to kick off tomorrow. Unlike Season 1, which focused on completing quests on Zealy, Season 2 will place greater importance on on-chain trading. This means that the higher the volume held or traded, the greater the airdrop rewards will be in season 2.
#Dragons, prepare yourselves for the imminent debut of $SMOG on an exchange! 💰
Finish all your daily tasks and accumulate as many points as possible before Season 1 concludes! 📊#SmogSwap in Season 2 will prioritize on-chain #Trading! 🔄
Keep an eye out for updates! 📣
— SMOG (@SMOGToken) March 28, 2024
Apart from the airdrop giveaways and the likely boost to the price from the MEXC listing, SMOG holders can also stake their tokens for an annual return of 42%. The developer has also hinted that another CEX listing may be imminent, perhaps as early as this week.
Buy Smog tokens using SOL, USDT, or BONK here.
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