Pepe Price Prediction: PEPE Pumps 4% as Analysts Say They Consider This Rival 2.0 Meme Coin for 100x Gains

adminApril 16, 2024

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Pepe prices are up 4% in the last 24 hours. Traded for $0.000005505 As of 6:20 a.m. EST, trading volume was down 38% to $906 million.

Pepe Price bounces back with bullish pennant

Pepe’s current price is trading below its all-time high of $0.00001064. Some encouraging signs point to a possible return to a bullish pennant pattern, suggesting that Pepe’s positive trend could continue.

Even if there is a slight decline below the pennant’s lower trendline, the bulls are resilient, pushing the price higher and back into the pennant.

pepe price

PEPEUSDT Analysis by Tradingview

The price is currently trading below the simple moving average (SMA) of 50 and 200. As momentum increases, the price will rise above average, indicating that a rally is likely to begin as more buyers become involved.

Macd is showing signs of a bounce below the neutral line, with the blue line crossing the orange signal line. The histogram also shows a positive response near the neutral level.

The Relative Strength Index (RSI) indicates a reversal in the oversold zone of 30. As momentum increases, RSI is expected to rise above the midline of 50 towards overbought levels, indicating strong buying pressure.

Pepe Price Bulls are ready to reclaim all-time highs

A bullish pennant indicates that the upward trend may continue, potentially pushing the price higher. If the price continues to bounce off the pennant’s lower trendline, it could help buyers overcome the resistance level of the previous all-time high of $0.00001064, aiming to reach a new high of $0.00001525.

However, if sellers take control, the price could continue its downward trend below the pennant’s lower limit, falling to around $0.00000661.

SpongeV2: 100X Profit Potential

Sponge V1 made a splash in May 2023, delivering an impressive 100x return to early investors and reaching a peak market capitalization of $100 million. 2.0’s successor, SpongeV2, aims to repeat that feat. We are preparing to launch a top-tier exchange.

Analyst and cryptocurrency YouTuber Crypto Boy considers SpongeV2 to be one of the best meme coins to invest in this year, with the potential to explode 100x upon launch.

SpongeV2 offers a number of upgrades over previous versions. The key is A staking feature that delivers annual percentage returns (APY) of 166% on Ethereum and 355% on the Polygon network.

The platform also plans to launch a play-to-earn racer game that will be available in both paid and free versions. In the paid version, SPONGE acts as in-game credits, and rewards are distributed in meme coins.

Do not forget it. #Sponger! 🧽︎#SpongeV2 has some exciting utilities coming soon. #P2E game! 🔥
Get ready to profit $sponge Play games to earn tokens and rank on the leaderboard.
Stay tuned for more details! 🚀#memecoin #Cryptocurrency #how #100x pic.twitter.com/5aaLxGz8N1
— $SPONGE (@spongeoneth) March 22, 2024

The pre-sale may end at any time, as the developer now offers one last opportunity to purchase before listing on the exchange. So, if you are interested, please buy it quickly.

Purchase tokens on the project’s official website using ETH, MATIC, USDT or bank cards.

SMOG – Meme Coin with Rewards