Pepe Coin Still Trading in Narrow Range. Is Another Breakout Coming? 

PEPE Coin is up about 2.4% so far today with a trading volume of $67 million in 24 hours.

The token achieved huge success earlier this year and gave early investors a remarkable return on investment. Today, CoinGecko ranks it No. 71 among all cryptocurrencies.

PEPE’s value has gained 0.4% in the past week but has decreased 11% in the last 14 days. Today, the coin’s price is $0.0000015463 showing a drop of 64% from its all-time high.

PEPE Coin Shows Moves for a Price Rally

PEPE’s technical chart above shows a tendency for its market price to rally today. The token is trading above the 50-Day Simple Moving Average (SMA). This means that the asset is bullish in the short term.

PEPE’s Relative Strength Index (RSI) is at 51.24 in the neutral zone pointing to the overbought zone (70). This suggests that the token is growing buying pressure to recover losses encountered during the last 3 days as the bears controlled the market. 

This is validated by the appearance of the small green candle stick that represents the bulls in the technical chart above. However, the Moving Average Convergence Divergence (MACD) indicator is slightly below the signal line.

This suggests the coin is bearish following the bears’ control of the market in the past few days.

PEPE’S Resistance and Support Levels

Considering the asset’s market situation in the chart above, the bulls are building buying momentum. If the bulls increase their efforts, the market value of PEPE might increase and reach the $0.0000017212 resistance.

However, if the bears somehow take control of the market today, the token’s market price might hit the $0.0000014896 support before the end of today.

If the bears hold tight on the selling pressure, fear could enter the PEPE’s market, forcing the asset’s value to reach the $0.0000014123 support level.

Note PEPE is crypto, so its market is highly volatile. The future market behavior might change from the prediction here. Therefore, ensure you have risk management techniques and have done an in-depth technical analysis before executing trades.

Factors That May Influence PEPE’s Market Behavior

On July 19, 2023, Pepe, with Twitter identity @pepecoineth, excitedly shared that its page had grown, hitting 420 thousand followers. 

The project called this community growth a monumental moment in the history of PEPE. This is good news and shows that the project has attracted more members to its community. 

These members may become investors in the future. However, some might have invested as they joined. The update might stimulate investors and make them feel that PEPE’s adoption is increasing. This could affect the token market in the future.

Mr. Hankey (HANKEY) As An Alternative Token for Consideration

Mr. Hankey (HANKEY), the self-acclaimed No. 1 shit coin, is a meme project inspired by “Mr. Hankey, the Christmas Poo” TV animated series in America.

The team behind the project aims to bring the playful and fun reality of the TV series into the crypto industry and make a profit from the market.

The project creators portray their journey of success in the industry as a group of plumbers with crappy tools aiming to dive into the crypto septic tank and make everywhere smelly (ironically, happy for a huge return on investment).

They admit that they are not so shiny, rather, a bit smelly with an identity that is crappy, but they are proud of what they have.

The project’s team focuses on working with meme lovers, maximizing profit from the crypto market, and giving meaning to the phrase “dirty money” despite being the cheeky side in the crypto space.

Furthermore, the team projects its projects to be the favorite floater in the crypto space, and this could be possible with its proud plumber community that works resiliently with crappy tools.

The asset’s presale session has ended. The project has a maximum supply of 1 trillion HANKEY units and allotted 40% of it to the presale stage.

How to Buy Mr. Hankey (HANKEY)

• Go to the project’s website, navigate the website, and find “Click here to purchase HANKY on DexTools.” 

• Click the button; it will take you to DEXTools 

• Explore the website and locate the connect button

• Ensure you have a dApp crypto wallet or visit your app store to install it if you do not have any.

• Click on the connect button to connect your crypto wallet so you can access the DEXTools

• Allow DEXTools to verify the ownership of your crypto wallet 

• You can buy HANKEY using ETH (Ether)
• Locate DEXTSWAP, click on it, and proceed with your purchase

Also Read:

• Meme-Meister Pepe Coin Had A Strong Saturday. What’s Next?
• Thug Life, The Newly Launched Meme Coin, Hits The Market Today – Will it Achieve The Same 100x Growth as $SPONGE?
• New Crypto Listing to Watch – Thug Life Token Set to Launch on Uniswap 18:00 CET

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