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The Pepe price has pumped 4% in the past 24 hours to trade at $0.000005505 as of 6:20 a.m. EST, on a 38% drop in trading volume to $906 million.
Pepe Price Rebounds Into The Bullish Pennant
Pepe’s current price is trading below its all-time high of $0.00001064. Some encouraging signs indicate a potential recovery into the bullish pennant pattern, suggesting Pepe’s positive trend could persist.
Even with a slight pullback below the lower trendline of the pennant, the bulls seem resilient, driving the price upwards and getting back into the pennant.
PEPEUSDT Analysis by Tradingview
Currently, the price is trading below the 50 and 200 simple moving averages (SMA). Increased momentum should see the price jump above the averages, indicating a potential beginning of a bull rally as buyers become 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 30 oversold region. With increased momentum, the RSI is expected to, cross the 50 midline level and rise to overbought, indicating intense buying pressure.
Pepe Price Bulls Poised to Reclaim Its All-Time High
The bullish pennant indicates that the upward trend may persist, potentially increasing the price. 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 continue in a downtrend below the lower boundary of the pennant, dropping to around $0.00000661.
SpongeV2: Potential For 100X Returns
Sponge V1 caused a stir in May 2023, delivering impressive returns of 100X for early investors and hitting a peak market cap of $100 million. It’s 2.0 successor, SpongeV2, aims to repeat that feat and then some as it prepares to launch on top-tier exchanges.
Analyst and Crypto YouTuber Crypto Boy consider SpongeV2 one of the best meme coins to invest in this year, with the potential to explode 100X on launch.
SpongeV2 is offering a range of upgrades to its predecessor. A key one is a staking function that offers an annual percentage yield (APY) of 166% on Ethereum and 355% on the Polygon network.
The platform also 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 be distributed in the meme coin.
Don't forget, #SPONGERS! 🧽💦#SpongeV2 is bringing exciting utility through our upcoming #P2E game! 🔥
Get ready to earn $SPONGE tokens by playing the game and ranking on the leaderboard.
Stay tuned for more info! 🚀#MemeCoin #Crypto #Alts #100x pic.twitter.com/5aaLxGz8N1
— $SPONGE (@spongeoneth) March 22, 2024
With the developer now offering a last chance to buy before exchange listings, the presale could end at any time. So, if you are interested, buy soon,
Buy the token on the project’s official website here using ETH, MATIC, USDT or a bank card.
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