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The Pepe price surged 9% in the last 24 hours to trade at $0.000006775 as of 1:16 a.m. EST, with trading volume soaring 28% to $1.1 billion.
Pepe Price Preparing For A Bullish Trend Reversal
The PEPE price shows a classic Head and Shoulders pattern that formed between November 2024 and January 2025, signaling a strong bearish reversal.
After forming the left shoulder and head with substantial upward momentum, the right shoulder developed with weakening highs, indicating fading bullish strength. The breakdown below the neckline confirmed the bearish trend, leading to a prolonged decline.
Following the breakdown, the Pepe price entered into a falling channel, marked by lower highs and lower lows.
This descending channel has continued through March and April 2025, indicating a steady downtrend. The price of Pepe remains confined within this structure, showing no significant bullish breakout attempts so far.
The PEPE price analysis shows a Death Cross, where the 50-day Simple Moving Average (SMA) (currently at $0.000007415) crosses below the 200-day SMA (now at $0.000013048), as GeckoTerminal data shows.
This strong bearish technical signal often indicates the beginning of a more profound or more prolonged downtrend. The price of PEPE trades below both moving averages as well, reaffirming the bearish dominance.
The Relative Strength Index (RSI) stands at 46.29, below the neutral 50 level but not in oversold territory. This suggests room for further downward movement, though the RSI’s gradual climb could imply a potential consolidation phase or short-term relief.
Will PEPE Overcome The Current Death Cross?
With PEPE firmly entrenched in a falling channel and trading below the 50-day and 200-day SMAs, the sentiment remains bearish.
The Head and Shoulders pattern and subsequent Death Cross reinforce the possibility of continued downside pressure.
Unless there’s a significant break above the upper channel line and the 50-day SMA, any upward movement will likely be limited to minor relief rallies.
In the near term, if bearish momentum continues, PEPE could revisit the channel’s lower boundary near the $0.000005 level.
Conversely, a daily close above the 50-day SMA could challenge resistance near $0.000008.
Meanwhile, investors are rushing to buy a new AI agent crypto called MIND of Pepe (MIND). 99Bitcoins, a popular crypto channel on YouTube with over 725K subscribers, says MIND has the potential to soar 100X after launch.
MIND Of Pepe Presale Closing On The $8 Million Milestone – Next 100X Crypto?
MIND of Pepe is an exciting new cryptocurrency that combines artificial intelligence (AI) and blockchain technology.
It is designed to help investors make smarter decisions using powerful AI tools. Since it runs on the Ethereum blockchain, it is safe, transparent, and decentralized.
So far, the project has attracted a huge following, with its presale raising over $7.9 million.
One of the standout features of MIND of Pepe is its deep integration with the market, providing real-time analysis of crypto trends.
The project can analyze emerging trends in the Web3 space on social media platforms, especially Crypto Twitter, before they gain traction and point them out to MIND holders.
🚨 $MIND is Now Live in Upcoming Tokens! 🚨@MINDofPepe leverages the power of AI to help users identify new trends and exciting opportunities. The self-evolving AI agent interacts across platforms to deliver real-time updates.
Built on Ethereum, $MIND offers holders exclusive… pic.twitter.com/uyXFpYka5p
— Best Wallet (@BestWalletHQ) January 14, 2025
MIND holders also have the opportunity to stake their tokens for a stratospheric 284% annual percentage yield (APY).
Currently, MIND tokens are priced at $0.0037015 and can be bought with either crypto or bank cards via the easy-to-use widget embedded on the project’s website.
Interested investors will want to act fast, because MIND’s price will undergo a scheduled presale increase in around 38 hours.
Visit the MIND of Pepe website.
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