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

Pepe Price Slumps Amid Bearish Momentum

Pepe's value has declined by 7% in the past 24 hours, dropping to $0.000007114 as of 00:31 AM EST. Trading volume has also plummeted by 19% to $739 million.

Meme Coin Space Woes

The broader meme coin market has also faced setbacks, with a 4% decline in market capitalization to $38 billion. Leading meme coins DOGE and SHIB have followed suit with 4% decreases each.

Pepe's Bearish Trend

Pepe has been trending downwards, with a resistance zone at $0.000007704 proving challenging. A rounding top and double-top pattern have reinforced the bearish momentum.

Technical Indicators Point to Downward Pressure

Pepe is currently trading below both its 50-day and 200-day Simple Moving Averages (SMAs). The Relative Strength Index (RSI) has dropped below 50, indicating increased selling pressure.

Bearish Crossover in MACD Indicator

The Moving Average Convergence Divergence (MACD) indicator suggests a slight move towards neutral territory, hinting at potential positive momentum. However, a bearish crossover has occurred, indicating that downward pressure may persist.

Pepe Price Forecast

If the bears maintain control, Pepe's price may continue to decline, with immediate support at $0.000007034. Conversely, if the bulls gain the upper hand, a rebound to $0.00001000 is possible.

Pepe Unchained Emerges as Alternative

As Pepe faces challenges, investors are turning to Pepe Unchained (PEPU), an upgraded alternative. Pepe Unchained offers lower transaction costs and faster speeds, making it a potential competitor.

Pepe Unchained's Presale Success

Pepe Unchained has raised over $230K in 24 hours and over $11.8 million in its presale. Its blockchain will serve as a launchpad for future meme coins, benefiting from the same cost-efficient transactions as PEPU.

Staking Rewards and Presale Opportunity

PEPU holders can earn passive income through the platform's staking system, offering an annual percentage yield (APY) of 171%. Investors can purchase PEPU tokens for $0.0094982 each on the official website using ETH, USDT, or a bank card.