Is it too late to buy PEPE? Pepe price surges 10% as the Crypto Fear and Greed Index signals greed and traders flock to this ICO before time runs out.

adminMay 15, 2024

join us telegram A channel to stay up to date on breaking news coverage

Pepe price has surged 10% in the last 24 hours. Traded for $0.00001092 As of 11:50 PM ET, trading volume had increased 84% to $3.79 billion.

This comes as the cryptocurrency Fear and Greed Index now stands at 64, with “greed” now at 64. This indicates that investors are becoming less risk averse and willing to buy more out of fear of missing out.

fear index

Pepe Price is set to register a new ATH on a bullish pennant.

PEPE price chart analysis Source: Geckoterminal.com — PEPEUSD Chart Analysis Source: GeckoTerminal.com

Pepe prices have been declining over the past month, rising 113% to hit an all-time high (ATH) of $0.0000118 on May 14. gecko terminal It shows.

The price has been fluctuating within this level and the $0.00000886 mark is providing support for the bulls to continue pushing the price higher.

PEPE is currently trading above its 50-day and 200-day simple moving averages (SMAs), confirming upside potential.

Moreover, the Relative Strength Index (RSI) is currently bouncing around the 50 mid-line, above the 70 overbought zone of 71, indicating intense buying pressure and continued optimism among investors.

Moving Average Convergence Divergence (MACD) is also bullish, with the MACD line crossing over the orange signal line, forming a bullish crossover. PEPE bulls can take advantage of this to drive prices higher.

The green bar in the histogram is also above the 0 line, which is a buy signal as PEPE is showing positive momentum. This is further supported by the Average Directional Index (ADX) trading at 40, showing that PEPE is currently in a very strong bullish trend.

PEPE Price Forecast

Pepe price analysis indicates that PEPE has very strong bullish momentum as bulls aim to maintain momentum above the bullish pennant.

Key indicators including RSI, MACD, and ADX show that the price is on a positive trajectory, and a target is currently set at $0.000014, which could allow PEPE to surge to a new ATH.

The 50-day trade crosses the 200-day SMA to form a golden cross at $0.00000684, which encourages bulls to push the price up to the new ATH.

However, with the recent price surge, bears may start booking profits, which could push the price down to the support area around $0.00000886, in line with its 50-day SMA.

As PEPE bulls aim to push the price to new ATHs, other investors are exploring Sponge V2, a token that aims to repeat the feat of its predecessor, Sponge V1, which posted a 100x return during last year’s bear market. . At its peak, SPONGE’s market capitalization reached $100 million.

This is why cryptocurrency analysts like Crypto Boy say Sponge V2 has the potential to skyrocket 100x following its imminent launch on top exchanges.

Sponge V2: 100X Profit Potential

If you missed the 2023 Sponge V1 surge, here’s your second chance: SPONGE V2We aim to repeat the same feat and more as we offer you one last chance to purchase it before it is released on major exchanges.

Who’s ready? $sponge? 💎💛#SpongeV2 #Cryptocurrency #how pic.twitter.com/JtWn1QFF8a
— $SPONGE (@spongeoneth) May 13, 2024

The listing of the token aims to improve the accessibility and visibility of $SPONGE V2 within the cryptocurrency community.

The sequel will be released as an upgraded version of Sponge V1, promising more rewards and a better ecosystem.

I can’t stop $sponge 🧽 🔥 #SpongeV2 #pepe #Floki #WIF pic.twitter.com/j08GbqOwVj
— $SPONGE (@spongeoneth) May 2, 2024

One of the main features that Sponge V2 offers is staking systemIt offers annualized returns of 163% on Ethereum and 335% on the Polygon network.

The platform will also launch a play-to-earn racer game that will be available in paid and free versions. In this game, users can participate in racing competitions and receive token rewards.

Time is almost up, #Sponger! 🧽 😍
that much $sponge #Ticketing It is expected to be finalized by the end of this month, with claims opening at the end of May! 🔥
More information is expected tomorrow. Stay tuned!#SpongeV2 #Cryptocurrency #memecoin pic.twitter.com/ZGbpJDhKW9
— $SPONGE (@spongeoneth) May 14, 2024

Pre-orders end at the end of this month, so now is the best time to buy.

To participate in the pre-sale: You can purchase Sponge V2 tokens on the official website here.. Connect your digital wallet to exchange ETH or USDT for V2 tokens. You can also make purchases directly using your bank card.