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Pepe Price Prediction: PEPE’s Reign Wobbles After 9% Plunge As Investors Flock To This Potential Successor With Time Running Out In Presale

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Pepe
Pepe

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Pepe price is down 9% in the last 24 hours to trade for $0.00000145 as of 4:40 a.m. EST, alongside a 60% drop in trading volume.

It is worth mentioning that Pepe coin is not alone in its drops, recording a price action similar to Dogecoin (DOGE) and Shiba Inu (SHIB), which are down 7% and 3%, respectively, as meme coins show weakness on the daily timeframe.

Nevertheless, on the weekly timeframe, PEPE, DOGE, and SHIB are up 35%, 16%, and 16%, respectively, after epic moves north last week. Floki Inu (FLOKI) is also doing well, with 25% gains over the last week despite the 2% drop over the last day.

meme coins

The slump in Pepe coin, alongside its peers in the meme coin sector, comes as investors cash in on the gains made around Dogecoin, which turned 10 years old on December 6.

Pepe Coin Price Prognosis As Investors Cash In On DOGE-Inspired Meme Coin Rally

Pepe coin price remains bullish from a big-picture perspective despite the recent pullback. It continues to consolidate above an ascending trend line, with the potential for even more growth as the bulls recover their buying strength following an overbought PEPE.

The position of the Relative Strength Index (RSI) at 63 shows there is still room for more growth before PEPE becomes overbought again above the 70 threshold. Also, it points to a strong price strength as it holds above the 50 level, bolstered by the large volumes of green histogram bars of the Awesome Oscillator (AO) holding in the positive territory.

It is also worth mentioning that the Pepe coin price remains above the centerline of the Bollinger bands, effectively reducing overhead pressure as it sits above the $0.00000119 midline. This, coupled with the Parabolic Stop and Reverse (SAR) trailing Pepe price from below, increases the upside potential for Pepe.

Increased buyer momentum above current levels could see Pepe’s price clear the immediate resistance at $0.00000169. In a highly bullish case, however, the gains could extrapolate for the frog-themed token’s market value to hit the $0.00000289 range high, standing approximately 30% above current levels.

Pepe
TradingView PEPE/USDT 1-day chart

Converse Case

On the flip side, if the $0.00000169 roadblock holds as a resistance level, enhanced by the upper band of the Bollinger indicator at $0.00000150, the Pepe coin price could extend the ongoing fall, drawing towards the centerline at $0.00000119.

In the dire case, the fall could stretch further for Pepe’s price to lose the support provided by the Parabolic SAR at $0.00000110, effectively exposing it to the cliff below the ascending trendline.

A break and close below this base, confirmed by PEPE price tagging the lower band of the Bollinger indicator at $0.00000088, would invalidate the prevailing bullish outlook.

As Pepe coin works out its next move, MK is a promising alternative with low entry barriers and the potential for big profits. It features among the top five cryptos to buy in December as analysts anticipate 10X growth at launch.

Promising Alternative To PEPE

MK is the ticker for the Meme Kombat ecosystem, a stake-to-earn project that has taken the meme coin sector by storm. As of press time, it has garnered an outstanding $2.643 million in presale out of the $3.5 million target.

Investors looking to buy MK can do so on the website, with each token selling for just $0.225 in the current stage. This price tag will only be on the shelf for the next two hours. With this window closing fast, now is the time to buy.

The staking dashboard is already live, allowing you to increase your passive income.

Currently, stakers are enjoying Annual Percentage Yields (APY) as high as 322%, with 73% of the token supply already staked.

MK stake

Do not wait for battles. Begin earning APY on $MK tokens today by buying the presale here.

Remember, this is the hottest play-to-earn meme coin to watch in 2024, with the potential to record Pepe-like growth.

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