- Current Market Conditions
- PEPE Chart Analysis
- PEPE Alternatives and News
The Pepe price dropped by 6% over the last 24 hours, occurring alongside a 36% increase in trading volume to $748 million. However, this situation may soon change as the price steadily moves towards the resistance zone.
Current Market Conditions
The value of Pepe decreased amid a broader 3% decline in the meme coin market capitalization to $41 billion. This drop occurred after hitting the $0.0000080 resistance, which could have allowed bullish trends to emerge.
PEPE Chart Analysis
The price of the Pepe meme coin reached the $0.0000080 resistance, but bears dominated, and the cost is now at $0.000007205. The price fell below both the 50-day and 200-day Simple Moving Averages (SMA), and the Relative Strength Index (RSI) dropped to 36, indicating high selling pressure and undervaluation of the asset. This could be seen as a buying signal, potentially pushing Pepe back to the $0.0000080 level.
PEPE Alternatives and News
In the wake of Pepe's price drop, investors have started acquiring more Pepe Unchained (PEPU), which has already raised $13.4 million during its presale. Pepe Unchained stands out by launching its own Layer 2 network on Ethereum, promising high speed, scalability, and low fees. According to 99Bitcoin, PEPU could soar 100x after its launch. In presale, PEPU tokens can be purchased for $0.0097284.
Despite the recent price decline, Pepe remains an interesting asset in the meme coin market due to its potential trend reversal.
