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The Pepe price soared 52% in the last 24 hours to trade at $0.00000209 as of 00:27 a.m. EST on trading volume that surged 372% to $745 million.
This comes as Pepe shows signs of a bullish bias, outperforming the top meme coins by market cap: Dogecoin (DOGE), Shiba Inu (SHIB), and Bonk (BONK).
Meme coins pumped as Bitcoin soared with BTC rocketing past the psychological threshold of $55,000 to reach $56,000 as it nears the Bitcoin halving event in April.
Pepe Price Bullish, Breaks The Upper Boundary Of The Falling Wedge
The Pepe price has been experiencing a downward trend since December, following a falling wedge pattern. With $0.00000086 serving as a solid support level, the bulls have managed to rally the price, breaking through the upper boundary of the pattern.
PEPE is currently trading above both the 50-day and 200-day Simple Moving Averages (SMAs), confirming the bullish sentiments. Furthermore, the 50-day Simple Moving Average (SMA) is trading above the 200-day SMA, forming a golden cross at the $0.00000112 level. This indicates a looming strong bullish movement to the upside.
The Relative Strength Index (RSI) is trading above the 70-overbought region at 85. This shows intense buying pressure, affirming the current investor’s optimism to push the Pepe price higher.
Additionally, the Moving Average Convergence Divergence (MACD) reinforces the bullish outlook for Pepe’s price, as the moving average line (blue) crosses above the signal line (orange). This bullish crossover signals an encouragement for investors to buy more, potentially propelling the price to even greater heights.
The green bars on the histogram extend above the zero line, which indicates a general positive momentum.
Pepe Price Prediction
The long-term analysis for the Pepe price suggests the beginning of a bullish rally, marked by the price breaking above the falling wedge pattern.
Furthermore, with the emergence of a cup and handle pattern, the bulls are setting their sights on a target of $0.00000242, representing a 15% increase from the current price.
Should the bears gain control at this level, a minor price retracement to the $0.00000115 support zone could occur, aligning with the 50-day Simple Moving Average (SMA).
Meanwhile, investors looking for alternative coins to battle PEPE and BONK may want to consider Smog, which promises the biggest airdrop ever.
Smog Plans Biggest Airdrop In History
The Smog token has rapidly gained popularity as analysts predict it’s set to outperform Solana meme coin titans including BONK, MYRO, and WIF.
One #Memecoin to rule them all! 🚀
Get ready for the greatest #Airdrop in history, distributed on #Solana. 💰
Join #SMOG on Zealy! 🔥
Link in Bio 🔗 pic.twitter.com/vsn4p5cSF4
— SMOG (@SMOGToken) February 8, 2024
Smog is also promising to surpass the success of other airdrops on Solana, including those of Jupiter and Pyth Network. To achieve this milestone, the team has already allocated 35% of the total 1.4 billion token supply for the airdrop, said to be the ‘greatest in history.’
Buy And Hold $SMOG, Qualify For The Biggest Airdrop
There are two main ways to participate in the airdrop. One, you can simply buy and hold $SMOG tokens, and, two, you can also accumulate airdrop points in Smog’s socials, managed by Zealy. This gamified method involves taking part in different tasks through challenges and completing them.
There are already over 10,000 airdrop members on Zealy, with over 600,000 tasks completed.
You can also earn passively through Smog’s staking option, earning an impressive 42% annual percentage yield (APY).
According to Jacob Bury, a prominent crypto analyst and YouTuber, Smog has the potential to surge 100X.
The token has over 28,800 holders and a 65,000-member community across platforms, and its market cap has surged to $42 million. Plans for listings on major exchanges are underway, making it an opportune time to join the project.
You can buy the SMOG token on its official website to be eligible for the historic airdrop.
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