Pepe Price Prediction: PEPE Dropped 18% Last Week

Pepe Price Prediction: PEPE Dropped 18% Last Week – Time to Buy The Dip?

Updated: 21 August 2023

Disclosure

Don’t invest unless prepared to lose all the money you invest. This is a high-risk investment, you shouldn’t expect to be protected if something goes wrong.

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The price of PEPE has significantly declined by 18% over the past week.

As of 3:13 a.m. EST, PEPE is trading at $0.00000112, reflecting a marginal decrease of 0.7% within the last 24 hours.

PEPE/USDT Chart Analysis. Tradingview.com — PEPEUSDT Chart Analysis. Tradingview.com

According to the chart above, PEPE’s price appears to be following a downtrend within a descending triangle pattern, suggesting a likelihood of further price decline below this pattern.

Pepe’s price action has displayed a double-bottom pattern at the time of writing, potentially signaling a short-term bullish sentiment within the descending triangle.

However, this could be followed by an opportunity for the bears to exert downward pressure on the price.

The 50-day and 200-day simple moving averages reinforce the bearish momentum, as they are positioned above the Pepe price at $0.0000012874 and $0.0000012228, respectively.

This situation highlights significant selling pressure, potentially compelling the bears to engage in substantial selling activity and forcing the bulls to retreat toward lower support levels.

Moreover, there are indications from the relative strength index (RSI) pointing towards a downtrend, currently hovering at 42.

If bearish momentum persists, it is anticipated that a potential rebound could materialize around the 30 mark.

The overall trend exhibits a predominantly bearish sentiment, underscored by significant levels to monitor at $0.0000010582 and $0.000007980.

Nevertheless, a transient buying phase is projected, propelling the price briefly towards the upper trendline, followed by a subsequent decline in value, reaching as low as $0.0000012228 before initiating a recovery.

For prospective buyers seeking more favorable investment opportunities, it might be prudent to consider the Chimpzee token, which has shown remarkable success in its presale project.

Chimpzee – The Rise of New Crypto Titan

Predicting the potential ascent of this upcoming cryptocurrency as the next significant coin, particularly in social entrepreneurship, doesn’t pose a challenge.

🌳💸Explore the #Chimpzee initiative that rewards you for preserving the Earth!🦧🌎🚀

🛒 #Chimpzee Shop – #Shop2Earn
🎨 #NFT Marketplace – #Trade2Earn
🎮 Zero Tolerance Game – #Play2Earn

Join the #ChimpzeeArmy and become a champion for our planet!🌟🌿https://t.co/Geog3EVuMC pic.twitter.com/zg9ZsdOhrD

— Official Chimpzee Project (@RealChimpzee) August 20, 2023

The presale trend underscores a promising inception for the project, and if the team maintains its current momentum, it could potentially reshape global perspectives on social impact.

Within just a few weeks of launching the presale program, the project has introduced a range of initiatives to preserve both forests and their resident animals.

The latest initiative among these aims to protect a 1,000 sq meter segment of the Australian rainforest and its living creatures.

🌲🐵Help Chimpzee protect 1000 sq meters of the Australian rainforest and the animals that live in it.

🔥Another 1 Billion tokens will be burned when raise goal achieved!

See multi stage burn plan⬇️
https://t.co/kkiKbvzV94

Take advantage of the free bonus tokens!… pic.twitter.com/UpWoNGTLWa

— Official Chimpzee Project (@RealChimpzee) August 20, 2023

As stated on the presale page, the team plans to burn 1 billion CHMPZ tokens upon reaching its objective.

As a result, active participation in the mission benefits the Chimpzee Army community. The value of the tokens experiences an increase with each burn carried out on the platform.

Furthermore, the Chimpzee token (CHMPZ) presents a distinctive opportunity for investors to collectively contribute towards enhancing the token’s scarcity and potential for growth.

The token’s roadmap outlines a strategic plan to burn 1 billion tokens for every 200,000 milestones reached. This approach ensures exclusive investment bonuses for participants and guides the token’s value trajectory.

During the initial sale, early Chimpzee investors stand to receive a compelling 100% bonus, emphasizing a significant incentive for their involvement.

The Chimpzee token has rapidly achieved significant milestones, as evidenced by its successful journey.

Chimpzee Raises Over $1.2 Million

The project has entered its 10th presale stage, remarkably amassing $1.24 million in presale funding, exceeding its initial projections.

The platform provides a variety of enjoyable and rewarding activities. Investors also have the chance to participate in the presale before the full launch of the Chimpzee platform.

With crypto experts predicting substantial returns, this coin is poised to be a game changer.

During the ongoing presale, investors can purchase CHMPZ tokens at a discounted rate of $0.00095 per token. As the presale advances to the next stage, the price will increase to $0.001. To maximize returns, it’s advisable to invest now.

As the presale concludes, CHMPZ tokens will debut on significant exchanges at $0.00185 each, signaling substantial returns for early investors.

Buying CHMPZ tokens is easy. Visit the Chimpzee website and link your wallet. Then exchange your USDT or ETH for CHMPZ tokens. Alternatively, you can conveniently make direct purchases using your bank card.