Pepe Price Prediction: PEPE Plummets 11%, Traders Turn to This Meme Coin with 431% APY

Pepe’s price has plunged by 11% in the past 24 hours and is now quoted at $0.000008923 as of 7pm EST.
Some analysts are now speculating that a massive rally could be in the offing after it hits the bottom of its price range.
Pepe price drops to the bottom of the price range and once Bitcoin (BTC) continues to rise, the upside will be huge.
My long position remains open.
Pepe Price Prediction: Pepe breaks below support level
Looking at the chart, things are not looking good for Pepe. Pepe price has broken out of the ascending channel pattern, which suggests a trend reversal or pullback is happening. Looking at the Moving Average Convergence Divergence (MACD), we can see a bearish crossover, where the MACD line (blue) crosses from below the signal line (orange), which means momentum is shifting downwards. The histogram stripes are below the zero line and are colored red, indicating bearish momentum.
On the other hand, the relative strength index (RSI) is around 41, which is slightly below the midpoint. This suggests that the market is not in overbought or oversold conditions. However, its sharp downward trend suggests that selling pressure is increasing.
However, despite this, there is still a lot of interest in Pepe as we recently saw its trading volume approach a high of $2.5 billion. This is due to the large investors who bought Pepe cashing out in the past few days.
This guy only spent $3,000 to buy 4.9 trillion Pepe (current value $35.5 million)! He sold 760 billion Pepe (2 million) and currently holds 4.15 trillion Pepe (30.8 million), making him the 13th largest holder of Pepe! His total profit on Pepe is about $32.8 million, an increase of 11,077 times!
Despite this, experts still say the market is optimistic and may recover soon. A variety of factors, including growing interest in Bitcoin ETFs, rumors of Ethereum ETFs, and the upcoming Bitcoin halving, have improved the overall market outlook.
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Pepe Short Version -
Bitcoin (BTC) weakness has contributed to the decline across the asset class.
Pepe hit a new record high funding rate high (now reset to low level, which is bullish relative to its rise).
A few points to note:
– Pepe prices have been leading the way…
While Pepe’s price has been selling off following the general trend of media coins, Sponge V2 has been gaining attention due to rumors of its imminent listing on several top exchanges.
Sponge V2 is the successor to Sponge, which achieved 100-fold growth upon its launch last year amid the bear market, and its development team aims to improve it this time.
According to YouTuber Jacob Bury, it is one of the first five media coins that can currently be purchased.
Exciting new options
Last month, Sponge V2 announced the retirement of its predecessor, Sponge V1. The new project moved to Polygon after the liquidity pool suffered a hostile attack.
The project’s exciting sequel introduced a new proof-of-stake mechanism, a gamified-to-earnings (P2E) game, and a massive marketing budget, all of which contributed to the project’s resurgence.
We smelled damp
Sponge V2
#SpongeV2
# Cryptocurrency
# Alternatives
# Bobo
# Binance
# KuCoin
# Dogecoin
Nonetheless, with over 9.2 billion tokens locked, token holders are enjoying an annualized return of up to 431%. Partly because of this, experts rank it as one of the top five cryptocurrencies to buy right now.
Sponge V2 also introduces a new P2E racing game to promote community engagement. Players will battle for the chance to win $SPONGEV2 tokens.
Click here to visit the website and participate in the SPONGEV2 pre-sale.
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