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The Pepe price soared 15% in the last 24 hours to trade at $0.00001282 as of 6:44 a.m. EST.
That gain in the PEPE price has pushed its weekly performance deeper into the green zone. As a result, the frog-themed crypto is up more than 30% on the longer-term 7-day time frame.
Pepe Price Nears Key Resistance Following Breakout, Can It Keep Climbing?
Daily chart for PEPE/USD (Source: GeckoTerminal)
The Pepe price is approaching the resistance level at $0.00001359, data from GeckoTerminal shows. Should the crypto continue to climb, it might soon be able to overcome this technical barrier.
However, a rejection from the $0.00001359 resistance from either profit-taking activity or a sudden change in the crypto market’s trend could result in a pullback to the nearest support at $0.00001064. Overwhelming pressure from sellers at this point might then result in a drop to as low as $0.00000770 in the short term.
Still Room For The Pepe Price To Climb Before It Enters Overbought Territory
Looking at technical indicators, it seems PEPE is still riding strong bullish momentum. Both the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) suggest the Pepe price might continue to climb in the next 24 hours.
Prior to the breakout in the last couple of days, the MACD line crossed above the MACD Signal line. This technical development is often regarded as an indication that a crypto has entered a positive trend. Traders then validated the bullish cross. Now, the MACD line is rising above the MACD Signal line, a sign that PEPE’s bullish momentum is picking up steam.
Meanwhile, RSI readings have gradually risen in the last couple of days as well, which is a classic indication of growing buyer power. The current reading in the mid 60s suggests there is still a fair amount of room for the Pepe price to climb before it enters overbought territory. Additionally, the positive slope of the RSI signals that buyers are still accumulating strength.
As the Pepe price nears resistance and looks to extend its rally, investors are buying into the presale for Snorter Token (SNORT). According to Jacob Crypto Bury, a popular YouTuber with over 56.9K subscribers, SNORT has the potential to soar 100X after its launch.
Snorter Introduces The Fastest Crypto Trading Bot On Solana
Solana has been a breeding ground for meme coins ever since the launch of platforms like Pump.fun and others. These launchpads have made it easy for developers to deploy tokens at next-to-nothing costs, leading to saturation in the meme coin market. With so many options to choose from, investors and traders are reverting to bots to find the real gems.
Snorter Token introduces a new trading bot to the market, and is the quickest and most cost-effective offering out there. With Snorter, users can snipe new tokens as soon as they emerge, perform sub-second swaps, copy other top traders and monitor their portfolios in real-time.
Users are also offered high levels of security and automated risk management, as the Snorter bot comes with advanced rug pull and honeypot scam detection. So far, it has achieved an 85% success rate in protecting users from sham projects.
Execution speeds are also unparalleled with the bot’s MEV protection, ensuring that traders aren’t frontrun by these other bots.
With regards to cost, the Snorter bot comes with some of the lowest fees in the crypto trading bot market. By just holding SNORT, users slash their execution fees from 1.5% to 0.85%. This undercuts other bots such as Banana Gun, BonkBot and CryptoHopper.
If that’s not enough to make the Snorter bot the only automated trading ally that crypto community members need, the team have also said that the bot’s functionality will be expanded to blockchains that are compatible with the Ethereum Virtual Machine (EVM). This means users will soon be able to capitalize on almost all of the trading opportunities in the market.
Snorter Presale Zooms Towards $2 Million
Snorter Token is drawing investors in with its ongoing presale, which has already raised over $1.73 million so far. With everything the Snorter bot has to offer, it’s easy to see why investors are excited about the project.
Interested investors can purchase SNORT via the simple widget embedded on the project’s website. Selling for $0.0979, SNORT can be purchased with both crypto or bank card.
Tokens can then also be staked for an attractive 215% APY, allowing investors to grow their holdings with minimal effort until the potential 100X rally predicted by Jacob Crypto Bury.
Investors will want to buy before the next presale price hike in less than 2 days.
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