{"id":573762,"date":"2024-09-06T14:40:26","date_gmt":"2024-09-06T14:40:26","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=573762"},"modified":"2024-09-06T14:40:26","modified_gmt":"2024-09-06T14:40:26","slug":"pepecoin-price-prediction-pepecoin-tops-weekly-meme-coin-losers-with-22-dump-as-this-pepe-2-0-ico-rakes-in-300k-in-2-days","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/pepecoin-price-prediction-pepecoin-tops-weekly-meme-coin-losers-with-22-dump-as-this-pepe-2-0-ico-rakes-in-300k-in-2-days","title":{"rendered":"PepeCoin Price Prediction: PEPECOIN Tops Weekly Meme Coin Losers With 22% Dump As This PEPE 2.0 ICO Rakes In $300K In 2 Days"},"content":{"rendered":"

The Pepecoin price has plunged 22% in the past week and 4% in the last 24 hours to trade at 2.11<\/a> as of 3:30 a.m. EST on a 38% drop in trading volume to $2.5 million.<\/p>\n

This price drop made PEPECOIN the biggest loser among the top 100 cryptocurrencies by market capitalization, according to CoinMarketCap.<\/p>\n

PepeCoin Price Rebounds Within The Descending Channel<\/h2>\n

PEPECOIN\/USD  pair is currently trading around the $2.1272 level, within a descending channel marked by a bearish trendline, indicating strong bearish sentiment as the price has been consistently moving lower.<\/p>\n

The price is approaching a key support zone near $2.10, which has previously attracted buying interest.<\/p>\n

\"Pepecoin<\/p>\n

PEPECOIN\/USD Analysis Source: Dextools.io<\/p>\n

The first major resistance level is around the 50 simple moving average (SMA) at $2.2367, followed by the 200 SMA near $2.4848.  If the price manages to break above these resistance levels, it could potentially reach the target price (TP) near $2.50.<\/p>\n

The 50 SMA is below the 200 SMA, signaling a bearish trend, with both moving averages acting as resistance.<\/p>\n

The MACD is showing a slight bullish crossover, with the MACD line crossing above the signal line, suggesting a potential short-term bullish momentum or reversal. for the Pepecoin price. Further, the histogram bars are slowly diminishing indicating that the bulls are beginning to take over the momentum<\/p>\n

The RSI is currently at 40.22, indicating bearish territory but not yet oversold; if it falls below 30, this would suggest an oversold condition and a possible price reversal. however, being near the 50 midline level there are indications that the RSI might fly to the overbought zone in the upcoming weeks.<\/p>\n

PepeCoin Price Prediction<\/h2>\n

The trend remains bearish unless key resistance levels are broken. The upcoming price action around the support zone will be crucial in determining PEPECOIN’s short-term direction. Traders should look for potential reversals near support levels and seek confirmation from technical indicators before entering positions.<\/p>\n

In a bearish scenario, if the price fails to hold the current support level of $2.1272, it may drop further towards $2.00 or lower, continuing its downtrend within the bearish channel.<\/p>\n

Conversely, in a bullish scenario, if the price breaks above the 50 SMA resistance at $2.2367, it could target the 200 SMA at $2.4848, with a potential move towards the reward zone near $2.50. A break above $2.50 would indicate a shift towards a more bullish trend.<\/p>\n

Pepe Unchained Presale Rockets Past $12 Million- Next Meme Coin To Explode?<\/h2>\n

Meanwhile, as PepeCoin dumps, PEPE lovers are piling into a new layer 2 meme coin called Pepe Unchained (PEPU)<\/a>, which has rocketed past $12 million in funds raised, making it one of the most successful presales of the year.<\/p>\n

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Boom! $12M raised!<\/p>\n

Pepe Unchained is crushing milestones and gearing up for the next big leap 🐸💪 pic.twitter.com\/Cr2MI0CESp<\/a><\/p>\n

— Pepe Unchained (@pepe_unchained) September 5, 2024<\/a><\/p><\/blockquote>\n