{"id":558425,"date":"2024-07-30T08:36:10","date_gmt":"2024-07-30T08:36:10","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=558425"},"modified":"2024-07-30T08:36:10","modified_gmt":"2024-07-30T08:36:10","slug":"pepe-price-prediction-pepe-slumps-3-as-this-upgraded-layer-2-alternative-races-towards-7-million","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/pepe-price-prediction-pepe-slumps-3-as-this-upgraded-layer-2-alternative-races-towards-7-million","title":{"rendered":"Pepe Price Prediction: PEPE Slumps 3% As This Upgraded Layer-2 Alternative Races Towards $7 Million"},"content":{"rendered":"
The Pepe price slumped 3.3% in the past 24 hours to trade for $0.00001180 as of 01.12 a.m. EST on trading volume that plunged 45%..<\/p>\n
The PEPE price slide comes as the crypto market dumps, its market capitalization down 2.8% to $2.4 trillion. The meme coin sector is up about 1%.<\/p>\n
The Pepe price is steadily cutting back on the ground covered in the last month. However, the frog-themed token remains bullish as it holds above the 50% Fibonacci placeholder of $0.00001069.<\/p>\n
The Relative Strength Index (RSI) momentum indicator is also above the mean level of 50, increasing the odds for a pullback. Similarly, the Moving Average Convergence Divergence (MACD) is also above the signal line (orange band).<\/p>\n
If the bulls have their way, a stable candlestick close above $0.00001224 would encourage more buy orders. Further north, the gains could extend to the 78.6% Fibonacci retracement level of $0.00001445. In a highly bullish case, the gains could extrapolate to the peak of the market range at $0.00001726.<\/p>\n