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Buying PEPE at $0.000001 could be good if the overhead resistance trendline breaks bullishly.
During the last two weeks, the Pepe coin price has dropped aggressively amid the increasing bearishness in the crypto market. Looking at the daily time frame chart, a downsloping resistance trendline can be seen as a constant resistance to the downward trend. Does this resistance prolong the current downtrend, or do you expect it to flip to support a bullish reversal?
PEPE could surge to $0.000001 if a breakout occurs
There are two neutral candles on the daily chart of the Pepe coin, which is experiencing indecisive market sentiment. Bullish breakouts from the overhead trendline could propel prices 30% higher.
In the past 24 hours, Pepe coin has traded for $39 million, representing a 23% gain.
The PEPE price declined to a three-month low of $0.00000075 on September 1st due to a bearish breakdown from the $0.00000078 support level. Nevertheless, the buyers stepped in immediately and brought the prices back above the trendline that had been breached.
Traders usually use such fake breakdown scenarios when looking for long entry opportunities. Memecoin’s price spiked to the $0.00000083 level but encountered overhead supply at the resistance trendline.
Pepe coin shows a sideways trend in the daily time frame chart with a price of $0.00000081 at press time. Traders should, therefore, wait to see if the overhead trendline breaks to gain better confirmation of a bullish recovery.
Here’s what Pepecoin needs to boost its rally
If the resistance trendline is broken, the memecoin will likely surge 30% higher to reach $0.00000104. This anticipated upswing in the market will likely restore a recovery sentiment. Still, the previous level aligned with the upper boundary of the channel pattern remains a strong support zone. To trigger sustained recovery, a breakout above this barrier is essential.
PEPE Alternative TO– Sonik
A new meme coin is making headlines across the crypto sphere – Sonik Coin will list on Uniswap on Thursday, September 7th at 9 am UTC, and presale buyers can claim their tokens simultaneously.
In just two weeks, Sonik raised $1.75 million after receiving strong support from investors who have invested $1,729,000.
The presale will begin as soon as the listing date and time are announced. So, less than $300,000 remains to be purchased before the coin lists on the Uniswap decentralized exchange. As of right now, $SONIK tokens are priced at $0.000014.
In a coin’s life, listing events can have high volatility. A presale is a great way to ensure that you are in with a chance of capturing maximum upside.
This presale has a hard cap target of $2,098,547. There is a countdown clock on the homepage so prospective buyers know how long they have to decide – at the time of the screenshot, it was one day and 16 hours.
With its Sonik vibe in the gaming and online mind-space, the Sonik meme coin has the viral energy to become a leading meme coin. Several aspects of the website hint at what Sonik Coin will be like in the future.
Buyers are further encouraged by the project’s smart contract audit. The company’s assurance that liquidity will be locked also sweetens the deal with investors.
Connecting your Web3 wallet to the project’s official website lets you buy $SONIK using either $ETH or $USDT (via the Ethereum network).
A 33% stake in $SONIK presale allocation earns APY of 48% for purchasers
The total token supply of 299,792,458,000 has been staked with 49.5 billion tokens. There are 50 percent of tokens available for purchase during the presale, which means more than a third of presale buyers staked their tokens.
Even before the coin is listed on a decentralized exchange, holders earn an APY of 48%.
It is no secret that meme coins are one of the most traded sectors in the crypto complex, and Sonik will no doubt be the latest to join the fray.
The $SONIK is designed to follow the degen humor typical of meme coins. As evidenced on its website, its irreverent in-your-face art is almost guaranteed to go viral.
Sonik Coin offers a feature most meme coins lack: stake-to-earn utility to generate passive income for token holders.
🚀 $SONIK Staking is LIVE!!! 🚀
Get an impressive APY% and help $SONIK reach the MOON 🌙
GO GO GO 👉 https://t.co/s1fTdXEosi pic.twitter.com/QKXDjF4h74
— SONIK COIN (@Sonikcoin) September 5, 2023
The Sonik Coin could be the next 100x meme coin
At $0.000014, the presale price values the coin at a fully diluted market capitalization of $4.2 million, which means there’s plenty of room for price increases.
For presale investors, $SONIK’s rapid rise to a $100 million market cap would represent a gain of roughly 24x.
Alternatively, $SONIK could reach a market cap of $200 million, which would mean a return of around 50x for presale investors.
There are many opportunities for parabolic gains in the meme coin sector, as it is highly speculative, even more so than other altcoins.
All Pepe and Shiba Inu coins have gained more than 100 times. Others continue to launch weekly, returning 100% gains or more on their first day of trading for presale contributors.
There will be no difficulty executing trades efficiently since 10% of the token supply is allocated to DEX liquidity.
Uniswap will also be used to lock liquidity for the project. As a result, no one can pull a rug from under contributors.
It is already paying off for the marketing team’s efforts.
Newest Meme Coin ICO - Wall Street Pepe
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- Staking Pool - High Dynamic APY
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