{"id":575968,"date":"2024-09-12T11:37:02","date_gmt":"2024-09-12T11:37:02","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=575968"},"modified":"2024-09-12T11:37:02","modified_gmt":"2024-09-12T11:37:02","slug":"pepecoin-price-soars-10-as-this-pepe-2-0-ico-closes-on-13-million","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/pepecoin-price-soars-10-as-this-pepe-2-0-ico-closes-on-13-million","title":{"rendered":"PepeCoin Price Soars 10% As This PEPE 2.0 ICO Closes On $13 Million"},"content":{"rendered":"

The PepeCoin price surged 10% in the last 24 hours <\/span>to trade at $2.42<\/span><\/a> as of 03:29 a.m. EST on trading volume that soared 8% to $4.3 million.<\/span><\/p>\n

PEPECOIN rose despite the meme coin space dropping 1% in the last 24 hours to a $41 billion market capitalization.<\/span><\/p>\n

PEPECOIN Price Bulls Remain Uncertain<\/b><\/h2>\n

The PepeCoin price has been on a continued downtrend since August 26, as the price dropped from the $3.31 resistance to the $2.0 support zone. The bulls then used this support to push the price of PepeCoin up to the $2.34 resistance, forming a rounding bottom pattern.<\/span><\/p>\n

With the push toward the resistance, PEPECOIN now trades above both the 50-day and 200-day Simple Moving Average (SMA).<\/span><\/p>\n

Moreover, the Relative Strength Index (RSI) is climbing up towards the 70-overbought region, currently at 69, showing an increase in buying pressure.<\/span><\/p>\n

The Moving Average Convergence Divergence Convergence (MACD) also shows that the asset is in positive momentum, with the MACD now climbing above the neutral zone.<\/span><\/p>\n

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PEPECOINUSDT Chart Analysis (Source: Tradingview)<\/span><\/p>\n

Conversely, the 200-day SMA has crossed above the 50-day SMA, forming a death cross at $2.28, which could start a bearish trend. The presence of a Fair Value Gap (FVG) between $1.93 and $1.74 could also prompt a bearish trend.<\/span><\/p>\n

In such a scenario, the bears may push the PepeCoin price back to the $1.74 support.<\/span><\/p>\n

Meanwhile, investors are rushing to buy another PEPE alternative, <\/span>Pepe Unchained (PEPU)<\/span><\/a>, which has raced to within a whisker of $13 million in funds raised in its ICO. <\/span><\/p>\n

According to 99Bitcoin, a prominent crypto channel on YouTube with over 706K subscribers, PEPU is a gem that has the potential to soar 100X after its launch. <\/span><\/p>\n