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The Pepe price plunged over 6% in the last 24 hours to trade at $0.000006717 as of 9:43 p.m. EST as investors decrease their exposure to the meme coin.
With this recent drop, the PEPE price is now down more than 20% on the weekly time frame as well.
Pepe Price Rebounds From Support
4-hour chart for PEPE/USD (Source: GeckoTerminal)
The Pepe price rebounded from the support level at $0.000006393 in the last 24 hours, data from GeckoTerminal shows. The meme coin is now rising towards the closest resistance level at $0.000007115. Should the crypto close a 4-hour candle above this technical barrier within the next few hours, it could end up rising to as high as $0.000007837 in the short term.
On the other hand, a sudden sell off or a rejection from the $0.000007115 resistance could invalidate the bullish thesis. In this more bearish scenario, the Pepe price might retest the aforementioned $0.000006393 support. Continued sell pressure could then result in a drop to below this technical safety net.
Technicals Suggest Bulls Might Soon Take Control Of The Pepe Price
Looking at indicators on PEPE’s 4-hour chart, there are early indications that suggest the Pepe price will continue rising after its recent rebound. More specifically, the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) are starting to show bullish signs.
The MACD line has started to rise towards the MACD Signal line. This is after the former broke below the latter in the last 48 hours to indicate that PEPE entered a short-term negative trend.
With the gap between the two MACD lines starting to shrink, it appears PEPE’s bearish momentum is starting to cool down. If the MACD line rises to above the MACD Signal line, traders might interpret the technical event as an indication that PEPE has entered a new bullish phase. Traders could then react positively and start to push the Pepe price up.
Meanwhile, RSI readings have started to level off in the high 30s. This is after the indicator’s values dropped from 60 to their current level to signal decreasing buyer strength.
The latest reading indicates that PEPE’s upside potential is greater than its downside potential. As a result, a wave of long orders might enter the meme coin’s order books in the next 24 hours if traders decide to capitalize on the higher upside potential.
As Pepe tries to climb, investors are piling into the presale for an AI meme coin called MIND of Pepe (MIND) for gains. According to 99Bitcoins, a popular crypto channel on YouTube with over 725K subscribers, MIND has the potential to soar 100X after launch.
The First AI Pepe The Frog
MIND of Pepe seeks to capitalize on the hype around PEPE-inspired meme coins by introducing the crypto market’s first AI derivative of the major Pepe the Frog brand. At the core of the project is a powerful AI model that monitors chatter on social platforms, including X, to try and identify new trends in the market early.
Once the AI agent has identified a new trend that other traders have not caught onto yet, it shares its insights with MIND holders through token-gated groups, giving them an edge in the market.
Apart from watching out for trends, MIND of Pepe’s AI agent can also deploy its own tokens, market them, trade them and then reinvest the profits into its native MIND token.
Before it creates new meme coins that align with the trends it has identified, it gives MIND token holders the opportunity to buy in first. Should the AI agent’s tokens gain traction, MIND holders who bought are then perfectly positioned to profit from the rally.
Investors Rush To Buy MIND At Presale Prices
MIND of Pepe is drawing investors in at a rapid pace through its ongoing presale, which has already raised over $7.8 million in early-stage funding.
With the bullish predictions by experts like 99Bitcoins, the project’s AI and meme coin appeal, and the powerful AI agent at the heart of the project’s ecosystem, it’s no wonder a buying frenzy has erupted around the meme coin’s ICO.
There’s still time for investors to join the presale. MIND is selling for $0.0026671 apiece and can be bought with either ETH, USDT, BNB, USDC or bank card via the simple widget embedded on the project’s home page. Once purchased, the MIND tokens can also be staked for a 288% APY.
Investors who want to secure the best deal will want to act fast, because MIND’s price will increase as its presale progresses. The next price hike will happen in less than 2 days.
Vist the MIND of Pepe website.
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