Pepe Price Prediction: PEPE Downward Spiral Goes On

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Pepe, which once symbolized a meme revolution, is now in a downward spiral, consistently posting notable losses over the past weeks. As of 5:07 EST on August 29, PEPE traded at $0.0000008362, representing a 4% 24-hour decline.

More so, its 24-hour trading volume has dropped 12%, suggesting a decline in trading activities as losses cloud investors’ sentiment on the meme token.

PEPE Price Trends Discourage Investors, What’s the Way Forward?

Since recording a remarkable price surge in late April, which gained immense popularity in the meme coin market, PEPE’s value has consistently decreased.

In the past 30 days, PEPE’s price has dropped by over 38%. Also, the asset shows a 22% price decline in the last seven days. The following price trajectory is fraught with uncertainty, leaving investors wondering if it’s time to sell or still hold

Indicators Suggest Continued Seller Dominance

As illustrated on the chart, PEPE is trading below the 50-day Simple Moving Average, which implies a bearish momentum for the asset. The bears are the 50-day SMA are intent on stopping PEPE’s rally to new highs.

The Moving Average Convergence Divergence is below the signal line with red histogram bars, which indicates a bearish price movement for the asset.

Additionally, the Relative Strength Index of 28.49 implies that PEPE is in the oversold zone, and a possible trend reversal could follow since sellers have reached a saturation point.

The blend of indicators suggests that the Pepe coin market may not be favorable for traders and investors.

Nevertheless, it’s vital to acknowledge that these indicators should not be the sole criteria considered when making investment decisions.

Sellers Continue to Exact Pressure on Price

As shown on the chart, PEPE is ranging on the $0.0000082 support level following its price decline from the previous resistant level. A significant price rally from this zone could lead to a retest of the resistance level of $0.000001454, indicating over a 70% price rally for the asset.

However, with PEPE’s recent bearish market move, a possible retracement will likely follow before a rally.

Multisig Wallet Transfer Could be Unhealthy for PEPE

On August 24, an unprecedented series of transfers occurred from Pepecoin’s multi-sig wallet, resulting in the loss of millions of dollars worth of Pepe Coin.

This incident was attributed to rogue developers within the Pepe Coin team, as stated by a team member on platform X.

Here are the addresses of the largest relevant $PEPE multi-sig transactions referred to in this post:

Multi-Sig Address: 0x5BdEA820293689B77FA8e83b1E3D58B27B5ce9BA
6.7TN $PEPE transferred to Binance Exchange Address:
0x6AEdf674e6C8bB0376fBE0D4AD28481ab33103cb…

— Pepe (@pepecoineth) August 26, 2023

Since its establishment, $PEPE has been marred by internal conflicts, involving a subset of the team driven by personal ambitions and greed,” as stated by a developer who now claims control of the project in a tweet.

Frequent clashes have arisen, and most of the team behind $ PEPE’s creation began withdrawing from the project within the first week of its inception.

A staggering 16 trillion Pepe tokens (equivalent to $15 million) were unlawfully moved to cryptocurrency exchanges OKX, Binance, Kucoin, and Bybit, where they were subsequently sold. This action played a role in the 20% decline in the frog-themed token’s value, as confirmed by the team representative.

These transfers marked the first occasion where the project’s multi-sig wallet, holding 26 trillion tokens out of a total supply of 420 trillion, executed transactions involving the meme coin.

The unauthorized transfers and subsequent sale of a significant number of Pepe tokens on various cryptocurrency exchanges could have a notable impact on the price of Pepe.

The sudden increase in supply, combined with the selling activity, could trigger reduced demand and negative market sentiment, ultimately resulting in a substantial decrease in the price of Pepe tokens.

yPredict Nears Presale Hard Cap

Ypredict raises over $3.6m in its ongoing token sale as the 4.5m hard cap is in sight. yPredict.ai is an innovative AI-powered platform designed to provide precise predictive analytics for businesses of all sizes.

In financial markets, including the cryptocurrency sector, the ability to predict outcomes is limited due to the extensive use of sophisticated algorithms for trading.

These algorithms continually evolve and refine themselves, leading to a constant transformation of price patterns.

As a result, the conventional approach of human prediction, even by seasoned price action traders specializing in interpreting market movements through price patterns, becomes exceedingly challenging.

Given the complexity of financial markets, traders are confronted with an overwhelming amount of irrelevant information, resulting in a lack of reliable statistical advantages.

Many market players depend primarily on news sources, public sentiment on social media platforms, and untrustworthy signal providers’ offers.

This is where yPredict.ai seeks to fill the void and make a substantial impact. It provides a gateway to data-derived insights, verified analytical metrics, and an avenue where financial data scientists can offer the outcomes/signals of their predictive models through a subscription-based service within a prediction marketplace.

yPredict’s Game-Changing Analytical Tools

The yPredict platform uses advanced machine learning models to carefully scrutinize extensive price datasets, enabling the recognition of patterns and delivering valuable market guidance to its users.

Furthermore, the platform is set to furnish AI-generated trading signals, automated pattern identification, and market sentiment analysis.

Recently, yPredict introduced a beta edition of the platform, encouraging potential users to delve into its features by registering on the project’s waitlist.

Even if users opt not to utilize the yPredict Analytics suite, they can still access the yPredict Predictions platform without cost, provided they possess $YPRED tokens.

This strategy, devised by the yPredict team, aims to extend the reach of AI-backed predictions for cryptocurrency and stock prices, fostering inclusivity in the process. The central element of yPredict’s groundbreaking platform will be the $YPRED token.

The token’s well-curated structure has contributed significantly to yPredict’s growing traction in the market. High-profile YouTuber Michael Wrubel’s optimistic sentiment toward the project further bolsters this momentum.

In summary, yPredict’s combination of AI-powered analytical tools and groundbreaking approach to SEO strategies sets the stage for a potentially transformative shift within the digital assets realm. The $YPRED token can be acquired for $0.1 by visiting this website.