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The Pepe price surged more than 46% over the past 24 hours to trade at $0.00000214 as of 9:05 a.m. EST as investors decide to snap up PEPE once more.
PEPE’s latest rally enabled it to overtake Bonk in terms of market cap as well, according to CoinMarketCap data. PEPE is currently the third biggest meme coin with a market cap of more than $897.9 million, while Bonk’s market cap stands at just over $855.34 million.
The Pepe Price Overcomes Another Major Resistance Level
4-hour chart for PEPE/USDT (Source: TradingView)
The Pepe price managed to break above the resistance level at $0.00000209 over the past 24 hours. However, the current 4-hour candle shows that sellers are trying their best to keep the meme coin’s price at bay, as a large wick is present above the candle.
Should the crypto remain above the recently-breached $0.00000209 mark for the next 8 hours, it may have the foundation needed to keep rising. This could lead to it climbing to the subsequent barrier at $0.00000282 in the coming couple of days.
A break below $0.00000209 in the next 8 hours may invalidate this bullish thesis. In this alternative scenario, the Pepe price could fall to as low as $0.00000173 given a lack of technical support.
The only line of defense the altcoin would have in this scenario is a short-term positive trend line that has emerged on its charts. Falling under this trend line could see it plummet below the $0.00000173 support as well in an extremely bearish scenario.
This could potentially be followed by the meme coin falling back within the range between $0.00000144 and $0.00000152.
Pepe Price Has The Momentum Needed To Keep Climbing
Exponential Moving Averages (EMAs) on PEPE’s 4-hour chart show that short and medium-term momentum is bullish. More specifically, the 20 EMA line is positioned above the 50 EMA line. The prior is also breaking away above the latter, which suggests the positive momentum shows no signs of slowing down.
While the Pepe price attempts to keep its bullish streak going, investors are turning their attention to Scotty the AI for potentially explosive gains.
Sniffing Out Fraud
Scotty the AI is an AI-powered meme coin that wants to protect token holders from the growing cyber crime sector in the Web3 space. Through sophisticated AI models, the project is able to analyze vast amounts of code for hidden insights and potential security vulnerabilities.
🚨 $SCOTTY # 1 #memecoin W/utility of 2024
🎉 smart investors smashed out Stage 6 days ahead of time😳
🚀stage 7 now live and on the move. Price will increase at stage 8
Stage 1 – 6 closed out very early.
👉BUY $SCOTTY presale at https://t.co/zRmy4g8hfW#blockchains… pic.twitter.com/BojzOcG85a
— Scotty The Ai (@ScottyThe_Ai) February 26, 2024
Scotty the AI offers a suite of tools that can protect investors in the crypto realm. The first is the project’s innovative decentralized exchange called Scotty Swap. Through the implementation of AI, the platform ensures a seamless and secure token trading experience by analyzing smart contract code before swaps take place.
A second tool available to the crypto community is Scotty Chat. This neat AI chatbot is designed to help investors navigate the expanding crypto sector and as well as help them identify potential threats.
Investors Are Bullish On SCOTTY
Investors are rushing to get their hands on Scotty the AI’s token, SCOTTY, as is clear from the success of its recently-launched ICO. The presale has entered its seventh stage and has already raised almost $870K.
Selling for $0.00605, SCOTTY can be purchased on the project’s official website using either ETH, USDT or bank card. BNB and MATIC can also be used.
Investors will want to hurry though, as SCOTTY’s price is set to increase in about eight days.
SCOTTY has all the ingredients needed to become the next best meme coin. Besides being launched as a dog-themed crypto in the highly-active meme coin market, the crypto also comes with unprecedented levels of utility as it looks to protect investors from cyber criminals.
Being powered by AI also allows the project to ride the current AI wave initiated by the launch of large language models such as ChatGPT. This, say analysts, could lead to the AI meme coin surging 100X on launch.
SCOTTY can be purchased here.
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