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The Pepe price pumped 4% in the last week and rose 1% in the past 24 hours to trade at $0.00001381 as of 9:37 p.m. EST as investors start to accumulate the crypto.
Those gains by the PEPE price have pushed the meme coin’s monthly performance deeper into the green zone. As a result, the meme coin is up more than 59% in the last 30 days as well.
Pepe Price Stuck In A Consolidation Phase, Will It Break Out?
Daily chart for PEPE/USD (Source: GeckoTerminal)
The Pepe price has been in a consolidation phase between $0.00001215 and $0.00001437 over the past 2 weeks, data from GeckoTerminal shows.
During that period, the meme coin has attempted to break above the upper barrier of this range, but has been unable to establish a position past the resistance level. Nevertheless, bulls are still trying to push PEPE up, as evident by the wicks underneath recent candles.
Should bulls manage to push and hold the Pepe price above $0.00001437, they might then target the next major level at $0.00001681.
However, a sudden drop due to a change in the broader crypto market trend could result in the Pepe price dropping to the $0.00001215 support. Thereafter, continued pressure from sellers might lead to a plunge to as low as $0.00000972 in the short term.
Technicals Suggest The Pepe Price Might Drop In The Next 48 Hours
From a technical point of view, indicators on PEPE’s daily chart warn the Pepe price might pullback in the coming 24-48 hours. Both the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) are showing bearish technical signs.
Over the past few days, PEPE seems to have entered a negative short-term trend, as suggested by the MACD line crossing below the MACD Signal line during this period. What’s more, the gap between the two lines has grown, which might be an indication of growing bearish momentum.
Looking at the RSI on the daily chart, it appears bulls are still in control, with the indicator’s latest reading above the neutral 50 mark. However, the downward slope of the RSI line warns this might not be the case for much longer. If the RSI continues to drop, it could result in a bearish shift in power.
If the technical warnings presented by the MACD and RSI on the daily chart influence traders’ decision making, the Pepe price could soon test the aforementioned $0.00001215 support.
As technicals start to flash bearish for the Pepe price, investors are piling into the presale for a new meme coin rival called MIND of Pepe (MIND) before the token’s launch in 3 days. According to influential YouTube channel 99Bitcoins, which has over 723K subscribers, MIND has the potential to soar 10X after launch.
MIND Blends Meme Coin Appeal With AI Power
MIND of Pepe aims to climb the crypto ranks and become one of the leading meme coins in the market. To do this, the token does not rely solely on speculation and hype, but also comes with high levels of AI utility.
Central to the project is a sophisticated AI agent that is constantly on the hunt for new trends in the market. It plugs directly into social platforms and various DeFi protocols to monitor social sentiment and on-chain activity in real-time.
If the AI spots a change in trend, it immediately notifies MIND holders through token-gated groups. This gives the project’s backers the opportunity to position themselves to potentially profit from the trend before the rest of the market catches on.
Beyond watching out for new trends on the sidelines, MIND of Pepe’s AI can even launch its own cryptos that align with each new trend that it identifies. It then hypes these tokens up online by engaging with influencers and other Web3 community members, trades its cryptos, and reinvests any profits back into MIND.
The team has already launched their AI agent earlier this month, and will soon deploy their trade terminal to give users high-end analysis of the market to make more informed trading and investment decisions.
Investors Flock To MIND’s Presale With Just 3 Days Left
MIND of Pepe has raised over $10.8 million through its blockbuster presale, which will come to an end soon.
Interested investors can purchase MIND for $0.0037515 apiece via the widget embedded on the project’s website using either ETH, USDT, BNB, USDC or bank card. Once purchased, the tokens can be staked for a 217% APY as well.
Anyone looking to buy will want to do so before the presale ends in 3 days.
Visit the MIND of Pepe website.
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