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The Pepe price pumped over 14% in the last 24 hours to trade at $0.000007204 as of 10:17 p.m. EST as investors go long on the meme coin.
This surge in the PEPE price coincided with a 2% rise in the meme coin market cap over the past 24 hours.
Pepe Price Breaks Above 2 Technical Obstacles
4-hour chart for PEPE/USD (Source: GeckoTerminal)
The Pepe price managed to break above a short-term negative trend line and a resistance level at $0.000006536 in the last 24 hours, data from GeckoTerminal shows. Now, the meme coin is closing in on the next major technical barrier at $0.000007415. Overcoming this obstacle could lead to the Pepe price continuing its rise over the course of the following 24 hours.
On the other hand, a rejection from the $0.000007415 resistance in the next few hours could result in a correction. In this more bearish case, traders might start to realize their profits from the recent surge. This could lead to some bearish pressure on PEPE, which might force it below the $0.000006536 mark to potentially test the $0.000005412 support.
In an extremely bearish scenario, the Pepe price could even plummet to as low as $0.000004582 if there is a strong shift in the market.
Bulls Still In Control Of The Pepe Price
Looking at technical indicators on the 4-hour chart, such as the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI), it seems buyers are still in control and might try to push the Pepe price up higher.
RSI readings have climbed from just over 30 to the mid-60s in the last 24 hours, signaling growing buyer strength. The current positive slope of the RSI line suggests bulls show no signs of weakening yet. What’s more, the current value below 70 indicates that there is still some room for PEPE to rise before it enters overbought territory and undergoes a potential correction.
Meanwhile, the MACD line was able to cross above the MACD Signal line in the last 48 hours. Traders usually see this technical event as a sign that a crypto has entered a positive trend, which turned out to be the case in this instance. With the gap between the MACD lines growing, it seems PEPE’s positive momentum is growing stronger.
With PEPE on the rise, investors will likely keep pouring capital into another frog-themed token, that’s currently in presale, called MIND of Pepe (MIND) for gains. According to an analyst from the 99Bitcoins YouTube channel, which has over 725K subscribers, the opportunity to invest in MIND early “is too good to pass up.”
AI Meets Meme Coin With MIND Of Pepe
MIND of Pepe seeks to capitalize on the recent hype around frog-themed tokens seen in recent weeks. Tokens such as Wall Street Pepe (WEPE) and Pepe Unchained (PEPU) have managed to profit from the trend, raising millions of dollars through their presales and going on to perform in the market.
To maximize its chances of success, MIND of Pepe introduces a powerful AI. This intelligent computer model is self-evolving, and can identify developing crypto trends online through hive-mind analysis. Its insights are gathered via direct connections to social platforms such as X and Discord, allowing it to monitor market chatter in real-time.
If the MIND of Pepe AI spots a promising trend that could lead to profitable trade opportunities, it shares its findings with MIND holders through token-gated groups.
Beyond just watching out for new trends, MIND of Pepe’s AI agent can actively steer the market narrative by engaging with influencers and traders online completely autonomously. It can also launch its own tokens that will align with the trends it has identified, giving MIND holders the opportunity to get in early before it hypes its own tokens up online.
With the popularity of meme coins and all of the developments going on in the AI space, MIND of Pepe is poised to surge soon.
MIND Of Pepe Raises Over $7.3 Million In Presale
Investors are rushing to buy MIND at presale prices, with the project already raising over $7.3 million in early-stage funding. This strong ICO performance could continue given the 308% APY on offer to anyone who buys and stakes MIND while it’s still in the presale phase.
To get in on the high crypto rewards, investors will first need to buy MIND via the widget embedded on its website using either ETH, USDT, BNB, USDC or bank card. After acquiring some MIND, investors can then head over to the staking page to put their tokens to work.
Currently selling for $0.0035095 apiece, MIND’s price will undergo a presale hike in less than 2 days.
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