{"id":561668,"date":"2024-08-07T08:29:34","date_gmt":"2024-08-07T08:29:34","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=561668"},"modified":"2024-08-07T06:13:29","modified_gmt":"2024-08-07T06:13:29","slug":"pepe-price-prediction-pepe-pumps-5-but-investors-are-flocking-to-this-pepe-2-0-with-a-259-apy","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/pepe-price-prediction-pepe-pumps-5-but-investors-are-flocking-to-this-pepe-2-0-with-a-259-apy","title":{"rendered":"Pepe Price Prediction: PEPE Pumps 5%, But Investors Are Flocking To This PEPE 2.0 With A 259% APY"},"content":{"rendered":"
The Pepe price surged 5% in the last 24 hours <\/span>to trade at $0.000008187<\/span><\/a> as of 00:42 a.m. EST on trading volume that plunged 50% to $1.6 billion.<\/span><\/p>\n This comes as the crypto market recovers from a market crash on Monday that saw BTC drop below $50,000. With BTC rebounding to $57,000, the market seems to be recovering as investors buy the dip, with PEPE now on a sustained bullish trend reversal.<\/span><\/p>\n The Pepe price soared from mid-July to the end of July, soaring to the $0.00001288 resistance level, according to data from <\/span>GeckoTerminal<\/span><\/a>. The bears took control of the price at this level, as the price of Pepe dropped, forming a rounding bottom pattern.<\/span><\/p>\n PEPE then breached the neckline at $0.000008534 to drop to the $0.000006024 support level. The bulls then took over, as the price of Pepe has been on a sustained bullish trend reversal, with the price now trading within the neckline.<\/span><\/p>\n The Relative Strength Index (RSI) is rebounding from the 30-oversold region. It is currently trading at 49 and still soaring on the 4-hour chart. With the RSI soaring, it shows that buyers have the upper hand.<\/span><\/p>\n Moreover, the Moving Average Convergence Divergence (MACD) also shows that the token is currently on a bullish trend, as the MACD lines rebound from below the neutral line. The blue MACD line also crosses above the orange signal line, an indication of a bullish crossover. <\/span><\/p>\nPepe Price Aims To Continue With The Bullish Reversal<\/h2>\n