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

The Pepe price plunged 7% in the last 24 hours to trade at $0.000007114 as of 00:31 a.m. EST on trading volume that plummeted 19% to $739 million.

This comes as the meme coin space fell 4% to a $38 billion market capitalization, with DOGE and SHIB following suit with a 4% decrease each. 

Pepe Price Bearish — Can Pepe Recover From Its Recent Decline?

Pepe price has been on a downward trend, with bears taking control around the $0.000007704 resistance zone, leading to the formation of a rounding top, according to data from GeckoTerminal. 

Additionally, a double-top pattern has emerged, further reinforcing the bearish momentum.

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

The Relative Strength Index (RSI) has dropped to 36.04, well below the 50-midline, signaling increased selling pressure.

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

If the bears prevail, the price of Pepe might continue with its downward trajectory, with $0.000007034 acting as the immediate support level.

Conversely, if the bulls take control of the price at this level, the price of Pepe might rebound to reach the $0.00001000 target.

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

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

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Pepe Unchained Raises Over $230K in 24 Hours – Best Meme Coin to Buy Now

After raising over $234K in just 24 hours, Pepe Unchained has now surpassed $11.8 million in its presale. 

Positioned as a superior alternative to $PEPE, Pepe Unchained aims to break PEPE free from its limitations, offering lower transaction costs and faster speeds for Pepe ownership.

Its new proprietary blockchain will also act as a launchpad for future meme coins and other tokens, benefiting from the same cost-efficient transactions as $PEPU.

Who needs some Brain Powder?

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

— Pepe Unchained (@pepe_unchained) June 20, 2024

Token holders can also earn passively through the platform’s staking system, which offers an annual percentage yield (APY) of 171%.

You can buy $PEPU tokens for $0.0094982 each. With a price hike coming in about 35 hours, buy soon to lock in the best deal.

To join the presale, buy $PEPU from the official website here using ETH, USDT, or a bank card.

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• Source: https://insidebitcoins.com/news/pepe-price-prediction-pepe-plunges-7-but-this-pepe-2-0-presale-raises-over-230k-in-24-hours