Pepe currency has had a significant comeback after increasing by over 50% this month. Its price has decreased by 2% today, though. Could this indicate a negative shift in momentum, or is Pepe headed for new highs?
Meme Kombat is another project with notable positive momentum. It’s a utility-driven meme currency that’s now in presale. For the next several weeks, this is expected to beat Pepe according to many observers because of its robust community and tokenomic benefits.
Pepe Technical Analysis Indicates More Retraction, but Traders Are Still Upbeat
The 4-hour Pepe chart appears extremely positive at first glance since it broke over a critical resistance level after a protracted surrender.
Pepe Coin’s Future: Riding the 50% Pump Wave or Awaiting Meme Kombat Pump?,Pepe Coin’s Future: Riding the 50% Pump Wave or Awaiting Meme Kombat Pump?
But even if Pepe’s trading volume has declined from its peak in late October, its relative strength index (RSI) indicator is also trending downward. Pepe has also broken below the 20-day moving average.
These indicators show negative momentum because, notwithstanding the decline, there is waning interest in Pepe. It is important to keep an eye on this level because its price has not yet returned to its previous resistance level of $0.00000107. Consider higher highs if the price responds favourably with a bullish engulfing candle.
If buyers lose interest at this point, the price may break below and go to the next level down, which is $0.00000085.
Despite this, traders continue to be generally optimistic about Pepe’s price prospects. Ifiok-2sydes, a TradingView expert, claims that Pepe has broken a declining channel. The trader predicts a move to $0.00000184, which is a strong indicator of a price reversal.
Bithereum_io observes that Pepe is heading in the direction of breaching the daily 100-day moving average, echoing the prior trader’s optimistic outlook. The study suggests that this might push Pepe to $0.000002.
Bloomberg just reported that Pepe is driving big rallies in several other meme currencies, regardless of Pepe’s eventual price. Meme Kombat is one of the most promising new meme currencies and is currently experiencing an extremely successful presale.
GambleFi Meme Coin Meme Kombat Approaches $1 Million, Attracting Investors with 112% APY Staking
Meme Kombat is a brand-new meme currency with a novel idea and great practicality. With the initiative, players may wager on the results of AI-generated meme fights in a variety of game types, including Player vs. Game and Player vs. Player.
This creative idea offers users and investors a really immersive and potentially profitable experience by fusing the popular crypto casino concept with the viral appeal of meme currencies.
Pepe Coin’s Future: Riding the 50% Pump Wave or Awaiting Meme Kombat Pump?,Pepe Coin’s Future: Riding the 50% Pump Wave or Awaiting Meme Kombat Pump?,Pepe Coin’s Future: Riding the 50% Pump Wave or Awaiting Meme Kombat Pump?, Pepe coin Crypto news, Pepe coin News