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The Pepe price surged 7% in the last 24 hours to trade at $0.00001323 as of 9:41 p.m. EST as investors rush to buy the meme coin.
With the recent gain, the PEPE price is over 80% in the green on the monthly time frame.
Pepe Price Rebounds From Support And Is Trying To Flip Resistance
Daily chart for PEPE/USD (Source: GeckoTerminal)
The Pepe price rebounded from a support level at $0.00001216 and is attempting to overcome a resistance level at $0.00001438, according to data from GeckoTerminal. Should the meme coin clear this technical barrier, it might have the space needed to rise to the subsequent mark at $0.00001682 in the following few days.
However, a rejection from the $0.00001438 barrier could invalidate the bullish thesis. In a more bearish scenario, the altcoin might end up retesting the $0.00001216 support. Continued pressure from sellers could then result in a plunge to as low as $0.00000995 in the short term.
Pepe Price Might Pullback Soon
From a technical point of view, indicators on the daily chart warn the Pepe price might undergo a correction soon, with both the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) showing bearish signs.
In the last couple of days, the MACD line has started to drop towards the MACD Signal line, which suggests PEPE”s bullish momentum is losing steam. As a result, the MACD is now trying to cross below the Signal line. If this happens, it could confirm that the meme coin has entered a new negative trend. Traders might then react negatively and start pushing the Pepe price down.
There has also been a decrease in buying power, as evident by the RSI readings that dropped in the last couple of days. The current reading above 50 is still bullish, but the downward slope of the RSI line warns sellers might continue to chip away at buyers’ strength in the next 24 hours. This could result in a bearish power shift that favors sellers.
As the Pepe price tries to keep climbing, investors are also buying up a new frog-themed presale token called MIND of Pepe (MIND) before its ICO ends in 12 days. According to the popular YouTube channel 99Bitcoins, which has over 723K subscribers, MIND has the potential to soar 10X once it officially launches.
MIND The First AI Derivative Of A Major Meme Coin Brand
MIND of Pepe is a new meme coin project that looks to ride the hype around Pepe-inspired tokens. What gives the project an edge over the frog-themed tokens that came before it is its cutting-edge AI agent.
The project’s intelligent computer model, which went live earlier this month, is capable of finding new trends in the market while they are still developing. It does this by plugging directly into social platforms and DeFi protocols and performing sentiment and on-chain analysis on these platforms.
If the AI finds a new trend that could lead to profitable trades, it shares its insights with MIND holders through token-gated groups, giving them an edge over other traders in the market.
In addition to watching out for new trends, MIND can also shape the market narrative and build hype around new tokens that it autonomously creates.
It can then hype those tokens up online by actively engaging with influencers online, trade these cryptos, and reinvest any profits back into MIND of Pepe’s native MIND token. With each new crypto it creates, the AI gives MIND holders the opportunity to buy in early and set themselves up for potential parabolic gains if the tokens take off.
MIND Offers Investors Last Chance To Buy In Presale – Just 12 Days Left
Investors are betting big on MIND of Pepe’s future, and have already pumped more than $9.5 million into the project’s ongoing ICO. Anyone that wants to get in at this ground stage of the project will want to hurry, because the presale will end in around 12 days.
Interested investors can buy MIND via the easy-to-use widget embedded on the project’s website using either ETH, USDT, BNB, USDC or bank card. MIND is currently selling for $0.0037515, and can also be staked for an attractive 239% APY.
Visit the MIND of Pepe website.
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