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Pepecoin (PEPE) price finished the week on a positive trajectory, recording a 7% surge to $0.000000841.
Despite a minor pullback, the bullish momentum remains robust and shows potential for additional gains.
The meme coin is currently trading at $0.000000783, reflecting a 5% rise within the past 24 hours, as GeckoTerminal.com reported at 12:10 a.m. EST.
PEPE Bulls Find Resistance at 50-Day SMA
Pepe remains bullish after the bulls took control of the price at the $0.000000611 support zone. The emergence of a falling wedge pattern has provided the bulls with a promising opportunity to drive the price upward, fostering a strong sense of optimism among numerous buyers.
The falling wedge pattern suggests a shift towards a bullish breakout, breaking away from the prolonged downturn that led to losses for the bulls over time.
If the bulls can sustain their momentum and break above the upper boundary of the falling wedge, Pepe may experience a price surge, allowing the bulls to recover their losses.
The bullish sentiment is further supported by the relative strength index (RSI), currently trading at 53 and rebounding from the oversold region at 30. This indicates strong buying pressure even with a slight pullback. If the bullish momentum continues, the RSI could reach the overbought region around 70.
The short pullback observed is due to the 50-day moving average, which acts as immediate resistance for Pepe’s price.
The bulls need to overcome this hurdle to confirm the bullish rally and surpass the upper boundary of the falling wedge.
Pepe Has A Bullish Bias
Pepe’s bullish bias is still maintained, thanks to the support from the falling wedge pattern. The price could break above the wedge and the 50-day moving average with more resilience.
This would attract more buyers, driving the price towards resistance levels at $0.00000143 and $0.00000184, respectively.
If the bears sustain the current correction, as indicated by the red candlestick, primarily due to the 50-day SMA remaining resilient, they could lower the price to the support level of $0.000000611.
Investors concerned that the bullish bias may run out of steam might consider TG.Casino. Global investors are flocking to the token during its ongoing presale phase, marked by low prices and growing interest.
TG.Casino (TGC) Presale Surges to Nearly 30% of $1 Million Goal: Buy Now
The rapidly selling TG.Casino (TGC) presale is open for participation, and it has already sucked in $298,568 of its intended target of $1 million, or almost 30% of the total.
TG.Casino is a Telegram-powered casino and introduces an innovative revenue-sharing model incorporating a deflationary mechanism.
This approach has generated excitement among traders and investors, who recognize substantial long-term potential in the project.
One notable feature of this platform is its extensive selection of carefully crafted games, appealing to gamers of all kinds. Additionally, TG.Casino includes an integrated sportsbook, providing a comprehensive gaming experience.
TG.Casino holds full licensing from relevant authorities, ensuring a secure and equitable gaming environment for all participants.
Its intuitive deflationary mechanism creates token scarcity over time, fostering enthusiasm among TGC holders for the project’s long-term prospects.
TGC Explosive Growth, Tokenomics
TGC has the potential to be the next crypto with explosive growth. As the platform’s native currency, TGC allows you to place bets alongside other significant cryptocurrencies, with TGC token players enjoying additional bonuses, rewards, and prizes.
Congratulations! https://t.co/0W4kO1tWFL
— TG Casino (@TGCasino_) September 29, 2023
TG.Casino is also conducting an exciting MEGA Competition offering $5,000 in prizes.
You only need to deposit $25 or more of your favourite cryptocurrency, and you’ll receive a generous 200% match bonus (up to 10 ETH) and 200 free spins.
🧵1/2
$5k Comp – 3 Ways to win.1️⃣ Share SS/Vid of a win on https://t.co/1CivTnIx4Z on X and in our comm TG to enter the draw to win $2.5k
2️⃣Most vol. wagered in 24 hours on https://t.co/1CivTnIx4Z wins $2k in USDT
3️⃣ 1 wallet randomly selected from all players wins $500 USDT pic.twitter.com/5DRCLIyMEt
— TG Casino (@TGCasino_) September 28, 2023
Regarding tokenomics, TG.Casino operates on the Ethereum blockchain and boasts a total token supply of 100 million TGC. In this presale, 40% of the token supply is available for purchase, intending to raise $5 million.
An additional 20% is allocated for liquidity on decentralized exchanges, 20% for staking rewards, and 10% for player rewards. The remaining 10% is earmarked for marketing and affiliate payouts.
TG.Casino emerges as a promising project that has captured the attention of both cryptocurrency whales and the broader crypto community.
Renowned YouTuber Cilinix Crypto, boasting 33k subscribers, has reviewed TGC, guiding participation in the presale phase.
To buy TGC tokens, you can use Ethereum (ETH), Binance Coin (BNB), and Tether (USDT) via both ERC-20 and BEP-20 standards by connecting your Web3 wallet to the TGC website.
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