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The Pepe price pumped 5% in the last 24 hours to trade at $0.00001397 as of 9:39 p.m. EST as investors start to accumulate the meme coin.
The recent uptick by the PEPE price was enough to push the crypto’s weekly performance into the green zone. As a result, the altcoin is up 2% on the longer-term 7-day time frame.
Pepe Price Looking To Flip A Major Resistance Level
Daily chart for PEPE/USD (Source: GeckoTerminal)
The Pepe price is attempting to overcome a resistance level at $0.00001437, data from GeckoTerminal shows. Should the meme coin clear this barrier, it might have the technical foundation needed to rise off from and climb to as high as $0.00001678 in the short term.
However, a rejection from the $0.00001437 resistance within the next 48 hours could invalidate the bullish thesis. If this happens, it might result in a new bearish scenario playing out. This could see traders start to short the Pepe price, which might force it down to the nearest support at $0.00001196. A drop below this point could then lead to a plunge to as low as $0.00000983.
Technicals Suggest The Pepe Price Could Go Either Way
From a technical standpoint, indicators on the daily chart suggest the Pepe price could go either way. At the moment, the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) are contradicting each other.
In the last few days, the MACD line crossed below the MACD Signal line. This technical event is often regarded as a bearish sign that a crypto has entered a negative short-term trend. As the MACD line starts to break away below the MACD Signal line, it seems PEPE’s bearish momentum is picking up steam as well.
Meanwhile, the RSI is positioned above the neutral 50 mark, which suggests buyers have a slight upper hand over sellers. What’s more, the upward slope of the RSI could be seen as an indication of growing buyer strength.
With the MACD and RSI on the daily chart sending mixed signals, traders will likely wait to see how the Pepe price reacts around the $0.00001437 resistance before making their next move.
As the Pepe price tries to clear a major resistance, investors are piling into the presale for MIND of Pepe (MIND) before the project’s launch in 9 days. According to 99Bitcoins, a popular crypto YouTube channel with over 723K subscribers, MIND has the potential to surge 10X after its launch.
MIND Blends AI With Meme Coins – Next Crypto To Explode?
MIND of Pepe is a new meme coin project looking to climb the crypto ranks. Not only does the project come with Pepe-powered meme coin appeal, it also introduces a cutting-edge AI agent that can flag new trends in the market as soon as they emerge.
The intelligent computer model, which went live on X earlier this month, plugs into social platforms and various DeFi protocols to monitor social sentiment and on-chain activity in real-time. If it spots a change in trend through the data it collects, the AI agent shares its findings with MIND holders through token-gated groups.
Beyond just watching out for new trends, the AI agent can also be an active participant in the market and influence the market narrative. One of the ways it does this is by autonomously launching its own tokens that align with the trends it identifies. It then hypes these cryptos up online, trades them, and reinvests any profits back into MIND.
Before it does any of that, it lets MIND holders buy-in to each AI-created token early, setting them up for potentially massive gains if the tokens start to take off.
MIND Of Pepe Presale Ends In Just 9 Days
MIND of Pepe’s presale has managed to raise over $9.8 million so far, signaling strong demand for what the project has to offer. With just over a week remaining until the MIND ICO ends, time is running out for investors to participate in the project’s presale.
Interested investors can acquire MIND tokens through the simple widget embedded on the project’s website. Currently selling for a low price of $0.0037515, MIND can be bought with either ETH, USDT, BNB, USDC or bank card.
Once purchased, the tokens can also be staked for a 230% APY.
Investors will want to hurry before the presale ends in just over 9 days.
Visit the MIND of Pepe website.
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