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Pepe Coin (PEPE) coin price shows an attempt to reclaim its place in the meme coin arena with its glory days now in sight. The token has made one attempt to breach a critical resistance but was rejected, and a second attempt may be underway.
Meanwhile, amidst the nostalgia of Pepe coin’s glory days in the meme coin ecosystem, another contender has presented prospects for even greater returns. Some experts say it may be better than PEPE.
The Pepe coin versus Meme Kombat, or PEPE against MK, is a real battle in the GambleFi niche, presenting participants with a chance to choose their meme characters and prospective winners.
Web3 titans will face off. An excellent chance for @pepecoineth and @pepe2coineth followers to show up for their communities 👊
Join us in the arena in #MemeKombat pic.twitter.com/eJiRnP8A3q
— Meme Kombat (@Meme_Kombat) October 7, 2023
Pepe Coin has set the tone for many projects in the cryptocurrency arena, with every new launch leveraging the frog-themed coin’s narrative to its advantage. There are multiple projects featuring the name “Pepe” in their brand, including Pepe Community, First Pepe, Super Pepe, AstroPepeX, and others. Nevertheless, this has not dissuaded traders to shift allegiance. According to data from on-chain aggregator IntoTheBlock, whales constitute 49% of PEPE community members, holding around $204 trillion in PEPE tokens. Investors hold around 23% while retailers hold approximately 28%, constituting approximately 96 trillion and 117 trillion PEPE tokens, respectively.
GN $pepe Family 👋🐸#pepearmy #pepe #pepeislove #paulyisgay 😂 pic.twitter.com/lRjICur9YK
— PEPE SØUP 🐸 (@PEPES0UP) October 19, 2023
Despite its current struggle, the frog meme community remains strong, with token holders anticipating a restoration of its glory days. This is especially true as the crypto market indicates signs of bullishness.
The crypto market looks bullish! 🐂🐸🐸🐸🐸🐸🐸🐸🐸
Who is still holding #PEPE? ✋️ pic.twitter.com/278cS1nz48
— HaileyPEPE 🐸 (@PepeCZBinance) October 17, 2023
Pepe Price Prognosis Amid Nostalgia For PEPE Glory Days
When writing, the Pepe coin price is $0.00000066, recording a surge of approximately 5% in the last 24 hours. Based on CoinMarketCap data, the token’s trading volume is up almost 30% in the last day.
Bearishness continues to abound for the meme coin, indicated by the position of the Relative Strength Index (RSI) still below 50. The Awesome Oscillator (AO) is also in the negative zone, solidifying the case for the bears.
A supply barrier at the top also tilts the odds further to the advantage of the bears. With this, the upside potential for the Pepe coin remains slim to null. Unless bulls flock to the scene, Pepe’s price could fall back within the confines of the descending parallel channel. This will be marked by a decisive break and close below the immediate support at $0.00000061.
In the dire case, the slump could see the coin’s price retest the range low, slightly above the midline of the bearish technical formation at $0.00000060. Such a move would constitute a 7% slump below current levels.
Converse Case
On the other hand, with the RSI deviating to the north, the Pepe coin price could rise amid rising momentum. It is also worth mentioning that the RSI has just confirmed a bullish call, crossing above the signal line (yellow band). Traders heeding this call could see the coin’s price rise.
A move north would require that Pepe’s price breach the resistance presented by the 50-day Exponential Moving Average (EMA) at $0.00000075. This will bring bullish momentum in confrontation with the zone’s supply pressure, extending from $0.00000076 to $0.00000082. A break and close above the midline of this order block, otherwise termed mean threshold, at $0.00000080 would confirm the uptrend.
For the conservative traders, wait for a candlestick close above the 100-day EMA at $0.00000093 to new long positions. However, if you want an easier profit potential, consider MK, a presale token with low entry barriers and remarkable returns for early investors.
PEPE Alternative
MK is the powering token for the Meme Kombat ecosystem, presenting a stake-to-earn mechanism to increase earnings for investors. The project is still in the presale stage, with more than $600,000 in the bag. Notably, this constitutes more than 60% of the set target of $1 million. Investors looking to buy MK can do so on the website using Ethereum (ETH), Tether (USDT) stablecoin, or bank card.
What else you going to do when market is bad. Let off some steam in the arena 😈#MemeKombat pic.twitter.com/3zUIe7opya
— Meme Kombat (@Meme_Kombat) October 10, 2023
The project recently extrapolated its tokenomics, increasing the total supply by a factor of 10 to the current 120 million MK tokens. This is value-adding, as it provides greater flexibility with tokenomics. It is worth mentioning that it will not harm investors in any way.
❓ Why did we do this? The reason is simple, it provides greater flexibility with tokenomics and we are in a fortunate situation that we can make this change now with zero impact to our holders 🥷
— Meme Kombat (@Meme_Kombat) October 10, 2023
MK token holders can leverage this ecosystem to increase their income brackets by staking MK tokens for Annual Percentage Yields (APY) as high as 112%.
Visit and buy MK here.
Also Read:
- Trader Michael Wrubel Reviews a New Meme Coin on Presale – Could This Be the Next Pepe?
- Pepe’s Frogs Leap Ahead, But Don’t Miss Meme Kombat’s Presale if You’re Looking for a Giant Jump
- Refund Gives Investors Their Money’s Worth, But Meme Kombat’s Presale May Offer the Best ROI Yet
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