Pepe Price Prediction: PEPE Plunges 7%, But This PEPE 2.0 Presale Raises Over $230,000 in 24 Hours

Pepe price has fallen 7% in the last 24 hours at a rate of 0.000007114 USD As of 00:31 EST, trading volume fell 19% to $739 million.

This comes as the Meme Coin Room fell 4% to a market cap of $38 billion, with DOGE and SHIB following with a 4% decline each.

Pepe price falling – can Pepe recover from its recent decline?

Pepe price was in a downtrend with bears taking control around the $0.000007704 resistance zone, resulting in the formation of a rounded top, as per data from. GeckoTerminal.

In addition, a double top pattern has emerged, further reinforcing the bearish momentum.

Currently, Pepe is trading below the 50-day and 200-day SMA (Simple Moving Averages), confirming the continuation of this bearish trend.

The Relative Strength Index (RSI) has fallen to 36.04, well below the midline of 50, indicating increased selling pressure.

Although the Moving Average Convergence Divergence (MACD) indicator shows a move towards the neutral zone, suggesting possible positive momentum, the crossing of the MACD line below the signal line has resulted in a bearish crossover, suggesting that downward pressure may persist.

If the bears prevail, Pepe price could continue its downtrend, with $0.000007034 acting as an immediate support level.

Conversely, if the bulls take control of the price at this level, the price of Pepe could rise again and reach the target of $0.00001000.

Meanwhile, other meme coin lovers are quickly shifting their money to a new, improved PEPE alternative called Pepe Unchained (PEPU).

According to 99Bitcoins, a popular crypto YouTube channel with over 706,000 subscribers, PEPU could be the next 10x meme coin.

Pepe Unchained Raises Over $230,000 in 24 Hours – The Best Meme Coin You Can Buy Right Now

After raising over $234,000 in just 24 hours, Pepe Unchained has now surpassed $11.8 million in pre-sales.

Positioned as a superior alternative to $PEPE, Pepe Unchained aims to free PEPE from its restrictions and offer lower transaction costs and higher speeds for Pepe holders.

The new proprietary blockchain will also serve as a launch pad for future meme coins and other tokens and benefit from the same cost-efficient transactions as $PEPU.

Who needs Brain Powder?

Pepe is preparing for the official launch of his own blockchain! 🚀 pic.twitter.com/kZC72UmxFy

— Pepe Unchained (@pepe_unchained) 20 June 2024

Token holders can also earn passively through the platform’s staking systemwhich offers an annual percentage rate (APY) of 171%.

You can buy $PEPU tokens for $0.0094982 each. With a price increase coming in about 35 hours, buy quickly to secure the best deal.

To participate in the presale, Buy $PEPU here from the official website with ETH, USDT or a bank card.

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