{"id":552630,"date":"2024-07-17T15:55:03","date_gmt":"2024-07-17T15:55:03","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=552630"},"modified":"2024-07-17T15:55:03","modified_gmt":"2024-07-17T15:55:03","slug":"pepecoin-price-prediction-pepecoin-surges-8-as-this-layer-2-meme-coin-closes-on-4-million","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/pepecoin-price-prediction-pepecoin-surges-8-as-this-layer-2-meme-coin-closes-on-4-million","title":{"rendered":"PepeCoin Price Prediction: PEPECOIN Surges 8% As This Layer-2 Meme Coin Closes On $4 Million"},"content":{"rendered":"

The PepeCoin price <\/span>surged<\/span><\/a> more than 9% in the last 24 hours to trade at $2.99 as of 7:30 a.m. EST as investors rush to buy the meme coin.<\/span><\/p>\n

This recent gain has nudged the crypto’s weekly performance deeper into the green zone. As a result, the PEPECOIN price is up over 13% in the last 7 days.<\/span><\/p>\n

The PepeCoin Price Attempting To Overcome A Major Resistance Level<\/span><\/h2>\n

\"PEPECOIN<\/p>\n

4-hour chart for PEPECOIN\/USD (Source: <\/span>GeckoTerminal<\/span><\/a>)<\/span><\/p>\n

A positive trend line has emerged on the 4-hour chart for the <\/span>PepeCoin<\/span><\/a> price, which is now attempting to overcome the major resistance level at $3.007. Overcoming this threshold in the next 8 hours could give the crypto the technical foundation needed to rise to as high as $3.3563 in the short term.<\/span><\/p>\n

On the other hand, PEPECOIN getting rejected by the $3.007 mark might invalidate the bullish thesis. In this alternative scenario, the meme coin could be at risk of dropping to the immediate support level at $2.5785 in the following 48 hours. Continued sell pressure should the PepeCoin price fall to this technical safety net might then see PEPECOIN plunge to $2.2026.<\/span><\/p>\n

Technicals Warn The PepeCoin Price Is Losing Its Bullish Strength<\/span><\/h2>\n

Technical indicators on PEPECOIN’s 4-hour chart show that the meme coin is starting to lose some of its bullish strength. More specifically, the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) indicators show that the crypto’s momentum is starting to cool off.<\/span><\/p>\n

As the <\/span>PepeCoin<\/span><\/a> price approaches the $3.007 resistance, the RSI line has started to level off above 74. RSI readings above 50 are generally seen as a sign of buyer dominance. <\/span><\/p>\n

However, PEPECOIN’s current RSI value might also be seen as a sell signal because it suggests the crypto’s downside potential is greater than its upside potential. The recent leveling off of the RSI could therefore be an early sign of an upcoming bearish trend reversal.<\/span><\/p>\n

Meanwhile, the MACD Histogram, which measures the distance between the MACD and MACD Signal lines, has also started to level off as well. Traders might see this as an indication that PEPECOIN’s bullish trend is approaching its end.<\/span><\/p>\n

Until PEPECOIN clears that $3.007 resistance level, traders and investors might consider diversifying into the layer-2 meme coin <\/span>Pepe Unchained (PEPU)<\/span><\/a>.<\/p>\n

Influential YouTuber Jacob Crypto Bury anticipates significant growth ahead for PEPU and recently told his 41k subscribers to ”Get in Now!” <\/span><\/p>\n