{"id":460246,"date":"2023-11-27T15:57:27","date_gmt":"2023-11-27T15:57:27","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=460246"},"modified":"2023-11-27T17:28:13","modified_gmt":"2023-11-27T17:28:13","slug":"pepe-price-prediction-pepe-plummets-7-as-investors-turn-to-these-three-potential-successors-as-meme-coin-king","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/pepe-price-prediction-pepe-plummets-7-as-investors-turn-to-these-three-potential-successors-as-meme-coin-king","title":{"rendered":"Pepe Price Prediction: PEPE Plummets 7% As Investors Turn To These Three Potential Successors As Meme Coin King"},"content":{"rendered":"

The Pepe <\/span>price<\/span><\/a> dropped 7% over the past 24 hours to trade at $0.000001077 as of 8:40 am EST with one of the year’s hottest meme coins now down 11% in a week.<\/span><\/p>\n

Pepe Price On Downward Trajectory<\/span><\/h2>\n

\"TradingView<\/p>\n

Daily chart for PEPE\/USDT (Source: <\/span>TradingView<\/span><\/a>)<\/span><\/p>\n

The $0.000001157 resistance level rejected the Pepe price during yesterday’s trading session, as the meme coin attempted to escape a negative price channel. Following this rejection, the altcoin’s value continued to decline over the past 24 hours and is currently at risk of falling below $0.000001029.<\/span><\/p>\n

A daily candle close below $0.000001029 will expose the cryptocurrency to the risk of its price plummeting to as low as $0.000000849 in the short term. This bearish thesis could be invalidated if the Pepe price can remain above $0.000001029 for the next 72 hours. <\/span><\/p>\n

Maintaining a position above this key support level could set the <\/span>cryptocurrency<\/span><\/a> to attempt another challenge at the $0.000001157 threshold. Overcoming this level may lead to Pepe receiving a boost of up to $0.000001284 if Bulls continue to drive the altcoin’s price.<\/span><\/p>\n

Pepe Price Gains: <\/span>Several Obstacles Stand in the Way<\/span><\/h2>\n

Technical indicators, however, favored a more bearish short-term outlook. Buyers seemed to have exited the meme coin’s order books along with the likely continuation of Pepe’s negative trend<\/span>. This suggests that the Pepe price may continue to drop in the next 24 to 48 hours.<\/span><\/p>\n

The daily Moving Average Convergence Divergence (MACD) line broke below the MACD Signal line. Traders may identify this as a sign that the altcoin’s negative trend may continue in the next couple of days. <\/span><\/p>\n

Buyers’ collective strength was also decreasing. With the daily Relative Strength Index (RSI) line positioned below the RSI Simple Moving Average (SMA) line, the Pepe price may still be at the mercy of bears.<\/span><\/p>\n

The drop in the Pepe price may indicate that investors have embarked on a journey to uncover the next meme-related gem. Experts say three projects that are most likely to become the next meme coin king are <\/span>Meme Kombat<\/span><\/a>, <\/span>SpongeBob<\/span><\/a> and <\/span>Wall Street Memes<\/span><\/a>.<\/span><\/p>\n

Battle of the Memes<\/span><\/h2>\n