{"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

Pepe Price Prediction<\/h2>\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

\"PEPE<\/a><\/p>\n

GeckoTerminal: PEPE\/USD 1-day chart<\/a><\/p>\n

Conversely, considering the lower highs on the RSI, coupled with the fading and shrinking MACD histograms, the Pepe price could extend the fall. The MACD is also teasing with a sell signal, which could be executed once it crosses below the signal line. Traders heeding this call would invigorate the downside for the Pepe price.<\/p>\n

As the Pepe price works out its next directional bias, the new Pepe Unchained (PEPU) meme coin is blasting north with more than $6.3 million raised in its ICO.<\/p>\n

This layer-2 meme coin is taking the sector by storm, prompting the 99Bitcoins YouTube channel, with over 706k subscribers, to predict that it has the potential to soar 100X after its launch.<\/p>\n