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The Pepe price pumped over 5% in the last 24 hours to trade at $0.000007776 as of 9:46 p.m EST as investors start to accumulate the meme coin.
With the recent gain, the PEPE price is now up more than 14% on the longer-term weekly time frame.
Pepe Price Forms A Bullish Channel
4-hour chart for PEPE/USD (Source: GeckoTerminal)
The Pepe price has printed a series of higher highs and higher lows on the 4-hour chart, resulting in the formation of a bullish price channel, according to GeckoTerminal data.
Should the meme coin continue to trade within this positive range, it might try to flip the resistance at $0.000007889 into support. If the bullish pressure persists, PEPE could rise to as high as $0.000008239 in the short term.
However, a rejection from the $0.000007889 barrier or a drop below the lower barrier of the ascending channel might invalidate the bullish thesis. In this alternative scenario, the Pepe price might test the immediate support level at $0.000007518. Breaking through this technical safety net could then expose the crypto to the risk of plunging down to the $0.000007158 support.
Pepe Price Still Showing A lot Of Bullish Technical Strength
From a technical perspective, indicators on PEPE’s 4-hour chart suggest the meme coin’s price might continue to rise. Both the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD) are showing bullish signs.
RSI readings have been on a steady incline over the last few hours, signaling growing buyer strength. With the current reading below the overbought zone, which starts at 70, it seems there is still room for the Pepe price to rise before overextended market conditions. The positive slope of the RSI line also suggests that buyers are still accumulating strength against sellers.
Meanwhile, the MACD line is positioned above the MACD Signal line. Traders usually see this alignment as an indication that an asset is in a bullish phase. With the gap between the two technical indicators now starting to grow, it appears PEPE’s bullish momentum is starting to pick up steam.
As the Pepe price tries to keep climbing, investors are buying into the meme coin for a new AI meme coin hybrid called MIND of Pepe (MIND) for gains. According to 99Bitcoins, a prominent YouTube channel with over 725K subscribers, MIND has the potential to soar 20X after its launch.
The First PEPE-Inspired AI Meme Coin
MIND of Pepe seeks to capitalize on the hype around frog-themed tokens seen in the market over the past few weeks. To maximize its chances of success, the project’s team have positioned the project as the first AI derivative of the major Pepe the Frog brand.
Central to the project’s ecosystem is a sophisticated AI agent that is capable of spotting new trends online. It achieves this by plugging directly into social media platforms such as X and analyzing chatter through hive-mind analysis.
Once the AI agent has identified a new trend that the rest of the market has not caught onto yet and that could lead to profitable trade opportunities, it shares its intelligence with MIND token holders through token-gated groups. This gives them an edge in the market over other traders and investors.
Beyond being on the lookout for developing trends, MIND of Pepe’s AI agent can also direct the market narrative in favor of MIND token holders by actively engaging with influencers and investors online.
While steering the market narrative, the AI agent can then launch its own tokens as well and hype them up online. Before making the public aware of the tokens, the MIND of Pepe AI gives MIND token holders the opportunity at first buy-in to position themselves ahead of any surges in the tokens’ price.
MIND Of Pepe Presale Charges Towards $8 Million
Given how powerful MIND of Pepe’s AI is, it’s no wonder investors are betting big on the project’s future during its presale stage. So far, the AI meme coin has raised over $7.4 million in early-stage funding.
This buying frenzy is likely to continue given the attractive staking program on offer to presale investors. Anyone who buys and stakes MIND during its ICO phase will unlock access to a 300% APY.
Interested investors can buy MIND via the widget embedded on the project’s website using either ETH, USDT, BNB or USDC. Selling for $0.003566 apiece, investors looking to get in on the best rate will want to act fast before the next presale hike in less than 2 days.
Check out MIND on its official website.
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