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The Pepe price pumped 22% in the past 24 hours to trade at $0.00000145 as of 6:40 a.m. EST with trading volume jumping 79% to $250 million.
The Pepe Price Trading Within A Rising Channel
The support level for Pepe Coin at $0.0000006040 has established a base for positive momentum, propelling the price upward within a rising channel.
Despite attempts to breach the upper boundary of the channel, the Pepe price witnessed a decline in value. However, the bulls seem resilient as they push up from the lower boundary of the channel at $0.000001114.
The relative strength index (RSI) is trading upwards at 57 above the 50 midline level, indicating intense buying pressure. A further push in the bullish momentum could see the RSI enter the 70 overbought level.
The Pepe Price Prediction
Investors are expressing optimism as the Pepe price remains above both the 50-day and 200-day Simple Moving Averages (SMAs). The formation of the golden cross adds confirmation to the ongoing bullish rally.
With support from the 50 SMA at the lower boundary of the rising channel, the bulls may drive the price higher, targeting $0.000002857 and aiming to surpass the previous high at $0.000001779.
However, bears could step in, causing the price to drop below the channel and approach the support zone at $0.0000008363.
Traders worried about that possibility might consider the potential in Meme Kombat and Sponge V2, two meme coins that experts say could offer up to 100X gains.
Meme Kombat Presale Racing Toward Its $8M Target
The Meme Kombat (MK) presale has successfully garnered more than $6.6 million of its $8 million target, offering each token at a discounted rate of $0.279.
The platform is offering AI-generated battles by bringing together GameFi and meme characters. This unifying factor allows you, as a player, to wager on your preferred meme characters, giving you a chance to get rewards when your chosen characters win.
Meme Kombat has witnessed a growing community rallying behind the MK coin. Surpassing over 16K members on X and more than 7,000 members on Telegram, it highlights the enthusiastic embrace of this gaming-centric phenomenon.
Buy MK Tokens, Stake, Win A 25,000 Giveaway
The platform is hosting a live AMA (Ask Me Anything) at 18:00 CET, featuring a 25,000 USDT giveaway and unveiling some intriguing details about the game.
Community AMA tonight at 18:00 CET ⚔️
You don't want to miss out. We're doing the $25,000 giveaway live in the AMA and more importantly, revealing a few other sneaky things about the game👀 pic.twitter.com/3SJCiqMVqi
— Meme Kombat (@Meme_Kombat) January 11, 2024
You also have a chance to stake your acquired MK tokens, which guarantees you a 143% annual percentage yield (APY). Many investors are showing interest and anticipating considerable returns as they anticipate playing in season 1 of Kombat.
📣 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
Jacob Bury, a crypto analyst and YouTuber, has featured the Meme Kombat and explains how you can benefit from the staking process and play-to-earn feature, anticipating a potential 10X increase in value upon launch.
To buy MK tokens, visit the official Meme Kombat website, connect your Web 3 wallet, and exchange your ETH, USDT, or BNB for MK tokens there.
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