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The Pepe price rose over 1% in the last 24 hours to trade at $0.000008082 as of 10:20 p.m. EST as some investors increase their exposure to the crypto.
The uptick in the PEPE price has added to the meme coin’s positive weekly performance. As a result, the crypto is up more than 11% on the 7-day time frame.
Pepe Price Consolidates
4-hour chart for PEPE/USD (Source: GeckoTerminal)
The Pepe price has entered a consolidation zone between $0.000007824 and $0.000008235 in the last 24 hours, according to data from GeckoTerminal. This period of sideways trading could be the precursor to a strong move that could either see PEPE break above the $0.000008235 resistance and soar or fall below the $0.000007824 support and plunge.
In the case that the Pepe price drops below the $0.000007824 support, the meme coin could stand the risk of falling to the subsequent support level at $0.000007434. However, a break above the $0.000008235 resistance might result in the Pepe price rising to as high as $0.000008624 in the short term.
Technicals Warn The Pepe Price Could Correct Soon
A bearish scenario seems to be more likely to play out in the next 24 hours, with technical indicators on the 4-hour chart starting to show early warning signs. More specifically, the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) suggest a correction may be in the cards for the Pepe price.
That’s after the MACD line started to collapse towards the MACD Signal line in the last 24 hours. The current alignment of the two MACD lines and the narrowing gap between them could be interpreted as an indication that PEPE’s bullish momentum is cooling.
The MACD line crossing below the MACD Signal line might also confirm the Pepe price has entered a new negative trend.
Meanwhile, RSI readings have leveled off just below overbought territory in the high 60s. Usually, high RSI values are seen as a sell signal because they suggest a crypto’s downside potential is greater than its upside potential. If traders decide to act on the high readings and PEPE’s cooling momentum, the meme coin could undergo a correction soon.
As PEPE faces a potential correction, investors might turn to AI derivative MIND of Pepe (MIND) to grow their portfolios. 99Bitcoins, a popular crypto channel on YouTube with over 725k subscribers, says the new crypto has the potential to soar 20X on launch.
MIND Of Pepe Looking To Ride The Recent Hype Around Frog Tokens
An investor frenzy has erupted around PEPE-inspired meme coins in recent months. This has led to successful presale and market performances for multiple frog tokens, including Wall Street Pepe (WEPE) and Pepe Unchained (PEPU).
Now, MIND of Pepe is looking to capitalize on the hype to climb the crypto ranks. What gives the project an edge over its predecessors is the powerful AI agent at its core. This cutting-edge computer model has the ability to spot new and developing trends in the crypto space before the rest of the market catches on.
To find new trends, the AI agent plugs into social platforms such as X, Discord and others to monitor chatter. Once the MIND of Pepe AI detects a change in sentiment or trend, it notifies MIND holders via token-gated groups, giving them an edge over other traders and investors.
In addition to being on the lookout for new trends, MIND of Pepe’s AI agent can also steer the market narrative to favor MIND token holders. It creates and deploys its own tokens as well. Before it hypes up its own tokens online, the AI agent gives MIND holders the opportunity to buy in early to set them up for maximum gains should the tokens take off.
Investors Bet Big On MIND’s Future
With the bullish predictions by experts like ClayBro, coupled with the blend of AI agents and meme coins, it’s easy to see why investors have already poured more than $7.6 million into MIND of Pepe’s presale.
Investors who want to get in on this ground level of the new frog token can do so by purchasing MIND via the simple widget embedded on the project’s website. Selling for $0.0035946, MIND can be bought with either ETH, USDT, USDC, BNB or bank card.
After getting a hold of some MIND, investors can also stake their tokens for an attractive 296% APY.
Interested buyers will want to act fast, because MIND’s price will undergo a series of presale increases as its ICO progresses. The next price hike will come into effect in around 22 hours.
Check out MIND on its official website.
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