{"id":581777,"date":"2024-09-30T14:11:21","date_gmt":"2024-09-30T14:11:21","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=581777"},"modified":"2024-09-30T14:11:21","modified_gmt":"2024-09-30T14:11:21","slug":"pepecoin-price-prediction-pepecoin-tops-meme-coin-losers-with-8-plunge-but-this-new-pepe-2-0-goes-ballistic-in-presale-with-16-4-million-raised","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/pepecoin-price-prediction-pepecoin-tops-meme-coin-losers-with-8-plunge-but-this-new-pepe-2-0-goes-ballistic-in-presale-with-16-4-million-raised","title":{"rendered":"PepeCoin Price Prediction: PEPECOIN Tops Meme Coin Losers With 8% Plunge, But This New PEPE 2.0 Goes Ballistic In Presale With $16.4 Million Raised"},"content":{"rendered":"

The PepeCoin price plunged 8% in the last 24 hours <\/span>to trade at $3.175<\/span><\/a> as of 03:19 a.m. EST on trading volume that dropped almost 2% to $4 million.<\/span><\/p>\n

The drop made PEPECOIN the top loser among the biggest meme coins by market capitalization, ahead of Turbo, which suffered a 6% slump, according to <\/span>CoinMarketCap.<\/span><\/a><\/p>\n

\"MemeCoinLosers\"<\/p>\n

PepeCoin Price On A Bearish Trend<\/h2>\n

The PepeCoin price picked up momentum in mid-September, soaring from the $2.3 support to the $3.5 resistance, according to <\/span>GeckoTerminal<\/span><\/a>. PEPECOIN then formed a double-top pattern within this resistance, signalling the possibility of an incoming downward trend.<\/span><\/p>\n

The PepeCoin price has now breached the previous support level at $3.4 (50-day Simple Moving Average (SMA)) but trades above the 200-day SMA, which now acts as the next support zone.  <\/span><\/p>\n

Furthermore, the Relative Strength Index (RSI) is plunging further towards the 30-oversold region, currently at 33, showing that the token is under intense selling pressure.<\/span><\/p>\n

The presence of the Fair Value Gap (FVG) also indicates that the price of PepeCoin may plunge even further.<\/span><\/p>\n

If the bears take control of the major indicators, the FVG places the next support zone around the $2.6 support zone.<\/span><\/p>\n

\"PEPECOIN
PEPECOINUSD Chart Analysis Source: GeckoTerminal.com<\/figcaption><\/figure>\n

Meanwhile, the RSI plunging further down may indicate that the asset will soon become undervalued, which could be used as a buying signal for the bulls. In this scenario, the price of PepeCoin may soar above the $3.2 resistance to target $3.67.<\/span><\/p>\n

Meanwhile, investors are rushing to buy the new badass Pepe alternative, <\/span>Pepe Unchained (PEPU)<\/span><\/a>. YouTube channel 99Bitcoins, with over 706K subscribers, says it has the potential to soar 10X after launch.<\/span><\/p>\n