{"id":424271,"date":"2023-07-28T17:01:47","date_gmt":"2023-07-28T17:01:47","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=424271"},"modified":"2023-07-28T17:01:47","modified_gmt":"2023-07-28T17:01:47","slug":"pepe-coin-price-prediction-after-a-two-week-tumble-is-btc20-token-a-better-bet","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/pepe-coin-price-prediction-after-a-two-week-tumble-is-btc20-token-a-better-bet","title":{"rendered":"Pepe Coin Price Prediction After a Two-Week Tumble. Is BTC20 Token A Better Bet?"},"content":{"rendered":"

Pepe Coin (PEPE), which once stood as a symbol of meme-inspired jest and joy, is currently grappling with a decline, raising eyebrows and concerns across the crypto community.<\/p>\n

Let’s explore Pepe coin’s price outlook as bulls and bears battle for ascendancy.<\/p>\n

PEPE Price Hangs in The Balance<\/h2>\n

PEPE is trading at $0.00000135<\/a>, reflecting a 2.3% decrease over the last 24 hours. Its trading volume has reached $77 million, signifying a 47% decline during the same period.<\/p>\n

PEPE\/USD Chart<\/b><\/p>\n

\"PEPE<\/p>\n

The PEPE\/USD pair faces a strong resistance point tested twice, leading to the price decline. The formation of a double-top pattern confirms the bearish sentiment, and the price has dipped slightly below the 50-day exponential moving average (EMA).<\/p>\n

The bulls are attempting to break above the 50 EMA, indicated by three short bullish candlesticks below the moving average. This situation has created uncertainty for PEPE\/USD as it hangs in the balance.<\/p>\n

However, if the price breaks above the 50 EMA, it will confirm an upside movement, empowering the bulls to surpass the resistance level at $0.0000019307.<\/p>\n

On the other hand, if the EMA proves resilient, it may allow the bears to push the price down toward the major support at $0.0000008264.<\/p>\n

The relative strength index (RSI) is currently at 42, indicating an uptrend with higher buying pressure approaching the 50-level mark. A break above the 50 mark would send the RSI into the overbought region (70).<\/p>\n

Pepe at Critical Juncture<\/h3>\n

Considering the analysis, the PEPE\/USD pair is at a critical juncture. There is a possibility of an upside breakout, leading to a move toward the major resistance level at $0.0000019307. Conversely, if the bears gain strength, the price may find support at the $0.0000008264 level.<\/p>\n

In the meantime, investors looking for potentially high returns can explore the ongoing presale phase of BTC20. This token presents an alternative option to the PEPE coin.<\/p>\n

BTC20 Presale Inches Closer to $6.05 Million Hard Cap<\/h2>\n

The fast-growing ‘new Bitcoin’ project BTC20 <\/a>has successfully reached its soft cap, ensuring its continuation. Presale buyers still have the opportunity to participate until the hard cap is reached.<\/p>\n

\n

🔹Welcome to the world of $BTC20 – The Revolutionary Staking Token 🚀💫<\/p>\n

🌐A groundbreaking PoS #Crypto<\/a> token built on #Ethereum<\/a>!<\/p>\n

🔥 We pay homage to the original #Bitcoin<\/a> while introducing a passive income-staking mechanism that empowers our community of #Cryptoenthusiasts<\/a>.💰 pic.twitter.com\/gB18L4awfR<\/a><\/p>\n

— BTC20 (@BTC20Token) July 18, 2023<\/a><\/p><\/blockquote>\n