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Pepe Coin has garnered significant attention from investors due to its recent price surge just a month after its launch. The token has received substantial support, enabling some individuals to become crypto millionaires through smaller investments, such as $27.
After experiencing a setback, Pepe Coin is back on the rise. At 10:30 UTC the trading price was $0.00000153. This represents an increase of 0.5% within the past 24 hours, accompanied by a substantial trading volume of $66,931,423.
There is still uncertainty regarding the possibility of another surge in the value of Pepe Coin. Recently, the involvement of whales in purchasing Pepe Coin has piqued curiosity, given their ability to exert significant influence on the market.
PEPE Might Breakout of the Consolidation Phase
June has had a mixture of downturns and rises in the Pepe coin token price. Following the token hitting resistance at its ATH, Pepe underwent a series of lower lows and lower highs. However, in mid-June, the bulls took advantage of the support that would have otherwise been seen as a possible double bottom owing to its former support level at $0.0000008397.
Additionally, the bulls were able to break above the upper bearish trendline pushing the price higher to its current consolidation that has lasted since June 20. At the time of writing, Pepe’s price is rising after the bears sent it down, hitting the lower trendline of the consolidation stage.
The bulls might break out of the consolidation, considering the price might form a possible cup and handle pattern, which signifies the price surge from the neckline upwards. If the price completes the handle, then a surge in price will be inevitable, with the target at $0.000002884, a 51.8% increase from the neckline at $0.000001900.
PEPE Indicators Signal Bullish Outlook
Pepe is trading a few pips below the 50-day moving average. However, the green candlesticks indicate the bulls are in control after the price hit a double bottom on the lower trendline in the consolidation phase.
This force might help the bulls break above the 50-day moving average and eventually out of the consolidation. The most important factor is that the 200-day moving average trades below the price, indicating that the price is in a general uptrend.
Furthermore, The Relative Strength Index (RSI-14) currently stands at 49, indicating a neutral market position as it falls between the oversold region (below 30) and the overbought region (above 70).
The upward trend in the RSI suggests that buyers of PEPE are overpowering the sellers, implying that the coin may experience new price levels in the long run. If buyers sustain the buy trades at this neutral position, the RSI could reach the overbought zone (above 70), leading to a spike in PEPE’s price.
However, if the sellers dominate the market, PEPE may encounter more bearish trends over an extended period.
Thuglife(THUG), one of the emerging crypto projects, has captured the interest of investors as it enters the market.
Similar to coins like PEPE, which initially had low expectations and a small market capitalization, THUG is currently in its presale stage, gaining attention and generating excitement among potential investors.
With its impressive pace, there is a possibility that THUG could surpass PEPE in terms of popularity and market capitalization.
Thuglife (THUG) Raises $1.13M in Presale Phase, Nears Fundraising Target Amidst Hype
Thug Life(THUG) is steadily approaching its goals as its presale campaign gains momentum. With over $1.13 million raised in presale funds, the project is inching closer to its target. Therefore interested investors are reminded that less than five days remain to participate in this exciting opportunity, as highlighted on the presale page. The presale will conclude soon, marking the final chance for individuals to hop on board this promising venture.
Here's a glimpse at @thug_life_token – a viral sensation that could be the next $PEPE.
Enter at a low $0.0007 per token now via an open presale set to close July 17. $THUG has a total token supply of 4.2 billion – 70% for sale.
They have already collected more than $ 800 K. pic.twitter.com/dZH9Mx1HD6
— Pognone 🧱 (@Yurij_eth) July 10, 2023
Thug Life has been generating speculation and excitement, with some envisioning its potential to become the next sensational meme coin with a 100x growth trajectory.
The project has captured attention by leveraging its distinct branding, drawing upon the cultural connection to the popular “Thug Life” meme and its association with influential figures such as Snoop Dogg.
This unique positioning has contributed to the project’s growing recognition and anticipation in the cryptocurrency community.
Thug Life Token Receives Attention and Backing with Successful Presale and Liquidity Commitment
The official Thug Life Twitter page has attracted substantial followers, indicating a growing interest in the project. The development team has dedicated $200,000 worth of Ethereum (ETH) to the liquidity pool at the token’s decentralized exchange (DEX) launch to establish a strong foundation and ensure price stability and investor confidence.
https://twitter.com/thug_life_token/status/1677351964772818946?s=20
The team plans to lock the liquidity for three months following the token’s market debut to demonstrate its long-term commitment to success. Prominent figures in the cryptocurrency space, such as Michael Wrubel, a crypto influencer, have acknowledged the potential of Thug Life. This recognition and the successful presale phase have further solidified investor confidence in the project.
During the presale, investors can acquire $THUG tokens for just $0.0007 using either Ethereum (ETH) or USDT without any limitations on the investment threshold. This approach aims to make the project accessible to many investors and foster participation in its early stages.
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