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The Pepe price surged over 8% in the last 24 hours to trade at $0.000007985 as of 10:12 p.m. EST as investors go long on the meme coin.
With the recent gain, the PEPE price has pushed its weekly performance deeper into the green zone to more than 9%.
Pepe Price Rises Above A Resistance Level
4-hour chart for PEPE/USD (Source: GeckoTerminal)
The Pepe price broke above the resistance level at $0.000007804 in the last few hours, according to data from GeckoTerminal. Should the frog-themed token continue to rise in the next 24 hours, it could attempt to breach the next technical barrier at $0.000008189.
However, a sudden selloff due to profit-taking or a change in market trends could result in the Pepe price dropping back below the $0.000007804 mark. In this more bearish scenario, traders might then start to exert sell pressure on the meme coin’s price. PEPE could subsequently end up testing the $0.000007440 support and potentially drop to as low as $0.000007055.
Pepe Price Might Undergo A Correction Soon
From a technical standpoint, indicators on the meme coin’s 4-hour chart warn the Pepe price might undergo a correction in the next few hours. Both the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) are showing early bearish signs.
The MACD has started to collapse towards the MACD Signal line. The narrowing gap between the two lines and their current alignment might indicate that PEPE’s bullish momentum is starting to cool off. If the MACD line crosses below the MACD Signal line, it could confirm that the Pepe price has entered a new bearish trend.
As PEPE momentum seemingly cools down, buyer power also seems to be weakening. This is suggested by the recent drop in RSI readings from above 80 to the high 60s. Although the current value above 50 could indicate that buyers still have the upper hand, the negative slope of the RSI line warns that sellers might continue to chip away at buyers’ grip on PEPE.
With PEPE facing a potential correction in the near future, investors might shift focus to a new frog token called MIND of Pepe (MIND) to grow their portfolios.
Several experts have said that they are bullish on MIND. Among them is Crypto Boy, a popular crypto analyst on YouTube who has over 58.3K subscribers. In a recent video, he said MIND has the potential to soar 100X after its launch.
The First AI Derivative Of A Major Meme Coin Brand
PEPE-inspired tokens have performed exceptionally well in both the presale and market stages in recent weeks. Now, MIND of Pepe aims to capitalize on this trend to accelerate its market adoption. To maximize the meme coin’s chances of success, the team have positioned MIND as the first AI derivative of the Pepe the Frog brand.
At the core of the project’s ecosystem is a sophisticated AI agent. This intelligent computer model is able to spot developing trends in the crypto space that could lead to profitable trade opportunities.
To watch out for new trends, the AI agent monitors chatter on multiple social platforms. Once it picks up on a trend change that the rest of the market has not caught onto yet, it shares its insights with MIND holders through token-gated groups. This gives them an edge over others in the market.
MIND of Pepe’s AI agent is also able to steer the market narrative in favor MIND holders. In addition to hyping up MIND online, the computer model can also create and launch its own tokens. Before it promotes its tokens online, the AI agent lets MIND holders buy in first, potentially setting them up for parabolic gains should the tokens’ prices skyrocket.
MIND Of Pepe Presale Charges Towards $8 Million
With its blend of AI agents and meme coins, combined with its AI’s capabilities, it’s no wonder investors are betting big on the project’s future during its presale stage. So far, more than $7.57 million has been poured into MIND of Pepe’s ongoing ICO. This buying frenzy will likely continue given the 297% APY anyone who buys and stakes MIND during this stage will unlock.
To get in on these rewards, investors will first need to purchase MIND. There is a simple widget embedded on the project’s website that allows investors to buy MIND for $0.0035946 apiece using either ETH, USDT, BNB, USDC or bank card. Once bought, the tokens then just need to be locked up through the staking page for investors to unlock the high APY.
Investors interested in buying at the best rate will want to act fast before the next presale price hike in less than 2 days.
Learn more about MIND of Pepe.
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