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The Pepe price rose 3% in the last 24 hours to trade at $0.00001348 as of 10:17 p.m. EST as investors start to increase their exposure to the meme coin.
With the recent uptick, the PEPE price is now more than 30% up over the past month.
Pepe Price Bounces From Support And Nears A Major Resistance
Daily chart for PEPE/USD (Source: GeckoTerminal)
The Pepe price bounced off of the support at $0.00001202 in the last few days, according to data from GeckoTerminal. Now, the meme coin is approaching a resistance level at $0.00001456. Should PEPE clear this barrier, it could open up the space needed to rise to as high as $0.00001678 in the coming few days.
On the other hand, a rejection from the $0.00001456 barrier within the next 48 hours might lead to a more bearish scenario playing out. In this alternative case, traders might start to push the Pepe price towards the aforementioned $0.00001202 support. Thereafter, continued pressure from sellers could lead to a plunge all the way down to $0.00000980.
Technicals Suggest The Pepe Price Might Pullback Soon
From a technical standpoint, indicators on the daily chart such as the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) are showing bearish signs that warn the Pepe price could drop in the next few days.
That’s after the MACD line collapsed toward the MACD Signal line over the past few days. Now, the MACD line is attempting to cross below the Signal line. Traders will be watching closely for a potential cross between the two lines, as it could trigger a major bearish technical flag and prompt the market to sell PEPE.
Buyers’ power has also taken a knock over the last couple of days, as suggested by the drop in RSI readings from the low 80s to mid 60s. While the latest reading above 50 is still bullish, the downward slope of the RSI line and the potential bearish MACD crossover suggests PEPE is still at risk.
If the bearish warnings presented by the MACD and RSI on the daily chart influence traders’ decision making in the next 48 hours, the Pepe price could start to drop towards the $0.0000120 support again.
While technical indicators start to flash bearish for the Pepe price, investors are FOMO buying a new meme coin rival called MIND of Pepe (MIND) before its presale ends in 11 days.
Multiple experts have shared their bullish post-launch predictions for MIND. Among them is influential YouTube channel 99Bitcoins, which has over 723K subscribers and says MIND could soar 10X after its launch.
MIND Blends AI Power With Meme Coin Appeal – Next Crypto To Explode?
MIND of Pepe is unlike any of the meme coins that came before it, because it doesn’t only rely on hype to gain market traction. The project also comes with high levels of utility, and introduces a cutting-edge AI agent. By combining the growing hype around AI agent cryptos and meme coins, MIND could soon take the market by storm and climb the crypto ranks.
The MIND of Pepe AI agent, which went live on X on May 10, is capable of spotting new trends as they emerge in the market. To do this, the computer model plugs into social platforms and DeFi protocols. Any changes in sentiment or activity the AI agent detects, it analyzes to see whether it could be the start of a new trend.
If the MIND of Pepe AI agent thinks what it has detected could lead to profitable trade opportunities, it shares its insights with MIND holders through token-gated groups. This gives them an edge over other traders in the market.
The AI’s capabilities don’t stop there, as the intelligent agent can also deploy its own tokens that align with each new trend it has detected. It even promotes them online, trades them, and reinvests any profits back into MIND, all autonomously. Before it does this, it also gives MIND holders the opportunity to buy into each new token early, positioning them for possible gains.
Time Is Running Out For Investors To Buy MIND At Presale Prices
MIND’s blockbuster presale, which has raised over $9.6 million so far, will end in just 11 days.
With time running out, interested investors can acquire some tokens at this ground stage using the simple buy widget embedded on the project’s website. Selling for $0.0037515, MIND can be bought with either ETH, USDT, BNB, USDC, or bank card.
Tokens can also be put to work in the project’s presale staking pool, which currently offers a 237% APY. Investors will want to hurry before the ICO ends in less than 2 weeks.
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