However, will this upward momentum persist or signal a potential bull trap within an ongoing bearish trend?<\/p>\n PEPE’s price signals a bullish reversal after interacting with a support zone. This specific support zone has led to the formation of a double-bottom pattern, effectively halting any further advancement by the bearish side.<\/p>\n Despite a brief pullback from the support zone, the bears persist and continue to apply downward pressure on the price, targeting the support area. However, if the support zone remains resilient, the bulls can push the price higher, potentially recovering their earlier losses.<\/p>\n The bulls will require additional buying support to surpass the 50 and 200 simple moving averages.<\/p>\n The double-bottom pattern provides crucial support, and if the price rises above these averages, it could confirm a bullish rally that might lead to new highs exceeding $0.0000007201.<\/p>\n The 50 and 200 simple moving averages are currently positioned above the price at $0.0000006370 and $0.0000006464, respectively.<\/p>\n Moreover, the relative strength index is trending downwards at 36, heading towards the oversold region. This shows significant selling pressure for PEPE’s price. However, this might be short-lived, as a rebound around the 30 level could trigger a bullish rally, pushing the RSI above the 50 mark and into the overbought region at 70.<\/p>\n PEPE’s overall sentiment is bearish, supported by the moving averages. Nonetheless, this downward move could be temporary, as the support zone at $0.0000006209 may prove resilient, potentially driving the price upward.<\/p>\n This will enable the bulls to target the $0.00000072 resistance and potentially higher price levels. Conversely, if the bearish momentum continues, a candlestick opening below this level could cause further losses for the bulls, possibly retracing to the support zone at $0.0000006156.<\/p>\n The recently launched Meme Kombat token has attracted significant attention in the meme coin space, as its presale offering has surpassed the $500,000 milestone. Traders are expressing confidence in the potential for substantial returns.<\/p>\n Meme Kombat<\/a> is edging closer to its $1 million target, with only $400,000 left to achieve this significant milestone. This achievement follows a successful presale campaign.<\/p>\n Launched just a few weeks ago, the MK presale has already more than half its target to reach $588,732. This shows the high investor interest in the token presale, which has enticed more investors to notice this opportunity.<\/p>\n The next few months are going to be big for crypto. But they're also going to be huge for #MemeKombat<\/a> ⚔️ pic.twitter.com\/tYh2ycc4Fd<\/a><\/p>\n — Meme Kombat (@Meme_Kombat) October 17, 2023<\/a><\/p><\/blockquote>\n![\"PEPE](\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/10\/Pepes-Frogs-Leap-Ahead-But-Dont-Miss-Meme-Kombats-Presale-if-Youre-Looking-for-a-Giant-Jump.docx-e1697731248609.png\")
PEPE Price Prediction: Will The Support Level Hold?<\/h2>\n
Buy Meme Kombat (MK) Presale Edging Conclusion<\/h2>\n
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