{"id":431910,"date":"2023-08-22T10:43:55","date_gmt":"2023-08-22T10:43:55","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=431910"},"modified":"2023-08-22T10:43:55","modified_gmt":"2023-08-22T10:43:55","slug":"pepe-price-prediction-pepe-dips-3-is-meme-trend-fading","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/pepe-price-prediction-pepe-dips-3-is-meme-trend-fading","title":{"rendered":"Pepe Price Prediction: PEPE Dips 3% \u2013 Is Meme Trend Fading?"},"content":{"rendered":"

Pepe (PEPE) has dipped 3% in the last 24 hours, with the past week recording a 21.2% drop. The token is <\/span>trading at $0.00000108<\/span><\/a> as of 2.06 a.m. EST. Its monthly performance is down to -28.1% leaving the question of whether the meme’s trend is slowly fading or if it is an opportunity for investors to buy the dip.<\/span><\/p>\n

PEPE Price Could Break Below Descending Triangle<\/span><\/h2>\n
\"PEPE\/USDT
PEPEUSDT Chart Analysis. Source: Tradingview.com<\/figcaption><\/figure>\n

PEPE’s following weeks might be profitable for the bears, as the chart suggests a further downturn for the price. <\/span><\/p>\n

At the time of writing, the price of Pepe is displaying a descending triangle formation. This pattern, however, might be followed by an opportunity for the bears to exert downward pressure on the price.<\/span><\/p>\n

The positioning of the 50 and 200 simple moving averages further supports the bearish momentum. <\/span><\/p>\n

These moving averages are situated above Pepe’s current price at $0.0000012734 and $0.0000011879, respectively, indicating significant pressure that could prompt bears to engage in substantial selling activity and potentially push the price lower, causing the bulls to retreat toward a lower support level.<\/span><\/p>\n

The relative strength index (RSI) trades at 38, indicating a downtrend. <\/span><\/p>\n

If the bearish momentum continues, a potential selling pressure might push the price below the oversold region 30.<\/span><\/p>\n

The general trend tends to lean towards a predominantly bearish sentiment, with key levels to keep an eye on at $0.0000009191 and $0.0000007980. <\/span><\/p>\n

Conversely, a projected short-lived buying phase might take place, lifting the price towards the triangle’s upper trendline at $0.000013271.<\/span><\/p>\n

For those seeking more promising investment opportunities, it’s worth considering the yPredict token. This token has demonstrated remarkable success in its presale project, making it a potentially attractive alternative to PEPE for prospective buyers.<\/span><\/p>\n

yPredict (YPRED) – 10X Potential <\/span><\/h2>\n

yPredict (YPRED)<\/span><\/a> closely mirrors the appeal of other tokens but with a distinct difference. While PEPE is predominantly seen as a meme coin with no inherent value, yPredict stands out as an initiative centered on utility.<\/span><\/p>\n

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🚀yPredict ($YPRED), the ultimate AI-powered platform for traders! 📊🤖 Unleash the power of market sentiment analysis, chart pattern recognition, advanced indicators, and AI-driven buy\/sell signals. An indispensable tool for consistently profitable trading.<\/p>\n

🎯 Hurry, we're in… pic.twitter.com\/B5lADbFgHm<\/a><\/p>\n

— yPredict.ai (@yPredict_ai) August 11, 2023<\/a><\/p><\/blockquote>\n