Pepe Price Prediction: PEPE plummets 8%, traders turn to this 100x meme coin for another strike

Pepe price has dropped by 8.4% in the past 24 hours and is currently trading at $0.000007029, with trading volume down 23% to $517 million.
Pepe price consolidates into a bullish inverted cone pattern.
Pepe’s current price is below its all-time high of $0.00001064, but several positive signals suggest a possible rebound within a bullish inverted cone pattern. This pattern suggests that Pepe’s bullish trend may continue.
Despite the minor retracement, the downtrend line of the inverted cone pattern has enabled the bulls to gather strength and push the price higher, potentially breaking out of the upper boundary of the inverted cone pattern.
Moreover, the support coincides with the 50-day simple moving average (SMA), while the price maintains momentum above the 200-day SMA. This suggests increased buyer participation, which could start a bullish leg.
The MACD is showing signs of a rebound below the neutral level with the blue line crossing the orange signal line. Moreover, the histogram is showing positivity around the neutral level.
The relative strength index (RSI) is signaling a reversal from its midline level of 50. As the momentum increases, the RSI is expected to rise to overbought levels, indicating increasing buying pressure.
Pepe price bullish momentum is gaining momentum.
The bullish inverted cone pattern suggests that the uptrend is likely to continue, potentially pushing the price higher. If the price rebounds off the downtrend line of the inverted cone pattern, it may help buyers to break the previous all-time high resistance at $0.00001064 and aim to reach a new peak at $0.00001525.
However, if the sellers take control, the price could drop below the lower boundary of the inverted cone pattern to around $0.00000661. This could prompt buyers to retreat to the support area around $0.00000450.
SPongeV2: The best meme coin today with 100x returns.
As Pepe’s bullish run accelerates, many traders are also diversifying their investments and looking toward SPongeV2, which is about to be listed on major first-tier exchanges.
SpongeV2, the successor to Sponge V1, soared 100 times in the bear market in May 2023, reaching a market value of $100 million.
You still have a chance to participate in SpongeV2... Don't miss it
SpongeV2 is an upgraded version of its predecessor, offering improved features and more value to token holders. One of the standout features is the staking option, which offers an annual yield (APY) of 1,66% on Ethereum and 3,62% on the Polygon network.
In addition to being listed on a top exchange, the platform also plans to release a racing game that will be available in both paid and free versions. In the paid version, SPONGE will be used as in-game points and rewards will be distributed in the form of meme coins.
YouTuber Crypto Boy said SpongeV2 has the potential to double 100 times when it is released.
Buy tokens on the project's official website. You can use ETH, MATIC, USDT or bank cards to make the purchase.
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