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The Peipei price has surged 14% in the last 24 hours to trade at $0.000001371 as of 7:10 a.m. EST on a 24% jump in trading volume to $23.31 million.
PEIPEI says it blends the iconic Pepe meme with the rich essence of Chinese culture, creating a unique and engaging digital experience.
Peipei Price Bulls Rebound Within A Falling Channel
Peipei’s price bulls encountered resistance around $0.0000002454, causing the price to fall within a descending channel. Amid this struggle, an inverted head-and-shoulder pattern formed within the channel, potentially pushing the price above its downward trajectory.
The channel’s lower boundary has acted as a support level, giving bulls a foundation to drive towards the channel’s upper boundary. Increased momentum should see the price jump above the channel, initiating a bull rally.
PEIPEIUSDT Analysis (Source: Dextools.io)
Despite a brief dip due to bearish activity, the bulls have shown resilience, bouncing back within the channel on the right shoulder of the head-and-shoulders pattern at $0.000001271.
The price currently trades above the 50-day Simple Moving Average (SMA), which supports the upward trend and reinforces positive market sentiment. If the momentum continues, the price could surpass the 200-day SMA, confirming the anticipated bull rally.
Moreover, the MACD indicator has turned bullish, with the blue line crossing above the orange line, signalling positive momentum. The histogram bars are also positive, reinforcing this bullish outlook.
Furthermore, the Relative Strength Index (RSI) trades near the 50 midline, indicating a rebound. Despite the brief pullback, the strong momentum could push the RSI back into the overbought zone, signalling strong buying pressure for PEIPEI.
Peipei Price Prediction: Bulls Eyeing New Highs While Bears Threaten Correction
At the moment, everything is looking good for Peipei. All the technical indicators are showing bullish signs. If the bulls capitalize on the head and shoulders pattern, they could push the price above the falling channel.
If this upward trend continues, the Peipei price could rise even further, potentially hitting a new high of $0.0000003035 in the coming days.
However, if the bears take over, they might push the price into a correction below the support zone at $0.0000001262. In that case, the $0.00000009551 support level would provide a stable point for the bulls to regroup.
A Promising 100X Alternative
While the outlook for the Peipei price looks promising, there are other equally attractive projects available, one of them being Base Dawgz (DAWGZ), a new meme coin designed for those seeking innovation and adventure.
This project introduces a fresh approach with a multi-chain experience, enabling trading on Ethereum, Solana, Binance Smart Chain, Base, and Avalanche simultaneously.
Although Base is its primary chain, Base Dawgz will operate across all these blockchains simultaneously, aiming to expand the industry’s boundaries and demonstrate that the possibilities are far greater than previously imagined.
$DAWGZ presale link – https://t.co/mgxrwfKg3M pic.twitter.com/x7t8L8fNpn
— Ras Pereira (@rasmuspereira) June 17, 2024
To help users effortlessly navigate the decentralized world, Base Dawgz employs advanced Web3 technology like Wormhole and Portal Bridge, ensuring smooth transactions across multiple blockchain ecosystems.
Investors will be able to earn passively with the project’s upcoming staking option. The team has set aside 20% of the total token supply for staking.
There are also plans to launch the “Be Social for Airdrop” campaign, which will enable investors to earn points by engaging with the project on social media, especially X, and later redeem them for $DAWGZ tokens.
ClayBro, a YouTuber and crypto analyst with over 129K subscribers, believes that DAWGZ can potentially create millionaires once it launches.
DAWGZ tokens are priced at $0.00502 each. Buy them now if you are interested because a price hike is coming in less than 15 hours.
Buy DAWGZ tokens on the official website here using ETH, USDT, BUSD, or USDC.
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