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The Pepe price pumped 17% in the past 24 hours to trade at $0.00000140 at 5:40 am EST, as its daily trading volume jumped 240% to $246 million.
Pepe Price Breaks Symmetrical Triangle, Signals Bullish Rally
Pepe coin faced a barrier as it encountered resistance at the $0.00000144 level. Despite attempts to breach the upper boundary of a symmetrical triangle, Pepe witnessed a decline in value, eventually reaching the support level of $0.00000104.
Technical indicators paint a more bullish picture, with the relative strength index (RSI) rebounding from the neutral 50 level and trading at 62, signaling buying pressure.
The 50-day and 200-day Simple Moving Averages (SMAs) are below the price as golden crosses form.
Pepe Price Forms Double Top, Faces Rejection
The Pepe price faces rejection at $0.000001510, forming a double-top pattern and signaling a potential trend reversal. A sustained bearish correction could see the bulls retreating to the $0.000001180 support zone, coinciding with the upper boundary of a triangle.
However, this bearish momentum could be nullified if the coin stays above $0.000001180, enabling the bulls to drive the price to the $0.000001961 threshold.
Pepe investors might consider exploring presale tokens to diversify their portfolios and to try to catch the next explosive mover. Some industry experts anticipate that Meme Kombat might actually outdo Pepe coin when it lists.
Meme Kombat (MK) Presale Price To Increase In 3 Days
The Meme Kombat presale offers a great opportunity for traders and gamers to get MK tokens at a significant discount compared to the upcoming launch price.
The appealing features of this opportunity are capturing investors’ interest and positioning MK as a promising cryptocurrency set for substantial growth.
So far, Meme Kombat has raised over $2.4 million in its presale and is quickly nearing its $2.5 million target.
We did it fighters!
We reached $2.4 million raised in the $MK presale🥊 $100k to go for the Limited Edition Meme Kombat NFTs! pic.twitter.com/j6ItGkYabw
— Meme Kombat (@Meme_Kombat) December 4, 2023
The MK tokens are available for purchase at $0.225. This exclusive rate is only accessible during the current presale stage, which has a three-day window before the price increases to $0.235 in the next stage. This is an excellent opportunity for you to buy before the price hike.
If you had 1 ETH to spend on anything, what are you spending it on and why is it $MK ? pic.twitter.com/yrFUd5SBxK
— Meme Kombat (@Meme_Kombat) December 3, 2023
Get MK Tokens, Stake For 361% APY
The surge in investor participation in the Meme Kombat presale can also be attributed to the enticing option of staking the acquired MK tokens.
With 30% of the total MK token supply allocated for staking and battle rewards, the project aims to sustain ongoing rewards for an extended period. Some analysts even project potential returns as high as 10x.
📣 Major Update 📣
The Meme Kombat Staking Dashboard is officially live and ready to be used by you!
Take a break from Kombat and visit the staking dashboard here: https://t.co/nNFEYESjPs pic.twitter.com/yswl0esb4G
— Meme Kombat (@Meme_Kombat) November 9, 2023
The project provides an impressive annual percentage yield (APY) of 361% for staked MK tokens. Investors have staked $10.7 million in MK tokens, which comprise 71% of the total supply. Additionally, 2 million tokens have already been distributed as rewards to early stakers.
The recent launch of Meme Kombat staking has generated significant interest, with many speculating about the potential for this meme coin. The staking feature will continue post-launch, providing an alternative avenue for traders who prefer not to participate in battles to grow their MK holdings.
As the presale reaches its $2.5 million goal, Jacob Bury, a popular cryptocurrency analyst and YouTuber with over 24,000 subscribers, talks about MK’s potential to give quick 10X returns and shares that he has personally invested in the project.
To acquire MK tokens, visit the official Meme Kombat website, link your digital wallet, and use ETH, USDT, or BNB to exchange for your MK tokens.
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