The Pepe price has surged 8.4% in the past 24 hours and 520% in the past month to trade at $0.000007462 as of 7:20 p.m. EST on a 56% surge in trading volume to $805 million.
Pepe Price Consolidates Into A Bullish Pennant
PEPEUSDT Analysis by Tradingview
The Pepe price is still trading below its all-time high within the bullish pennant pattern, following a sharp surge above the prolonged consolidation channel. The pennant indicates a bullish trend continuation for the Pepe price.
However, the Pepe price is currently on an uptrend within the pennant as the price indicates a rebound on the lower trendline of the pennant.
The price has also slightly breached the 50 and 200 simple moving averages (SMAs) as the bulls try to initiate a bull rally.
The relative strength index (RSI) signals a reversal on the 50 midline level to 59. Increased momentum should see the RSI return to the overbought level, indicating intense buying pressure.
Pepe Price Bullish Pennant Signals A Rebound
The presence of the bullish pennant indicates that the upward trend is likely to continue, potentially leading to another surge in the price. The price bouncing back from the lower trendline of the pennant could help the bulls break through the resistance level at the all-time high of $0.00001086, aiming for a new record high at $0.00001525.
If the bears take control, the price could dip below the 50 SMA, pushing it back towards the lower boundary of the pennant at $0.00000661. Falling below this point might cause the bulls to pull back towards the $0.00000389 support zone.
A Promising Alternative For 100X Returns
As Pepe’s price bulls rev up for another rally, traders are rush to the Sponge V2 meme coin, eyeing the potential for massive returns. This token aims to surpass its predecessor, SpongeV1, which skyrocketed by 100X after launch last year during a bear market.
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The excitement among investors is palpable as SpongeV2 prepares to unveil its highly anticipated play-to-earn racing game, available in both paid and free versions.
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Stay tuned for more info! 🚀#MemeCoin #Crypto #Alts #100x pic.twitter.com/5aaLxGz8N1
— $SPONGE (@spongeoneth) March 22, 2024
For investors holding SpongeV2 tokens, there’s an opportunity to earn passive income through the staking feature. Investors can enjoy annual percentage yields (APY) of up to 171% on Ethereum and a whopping 394% on Polygon by staking their acquired SPONGE.
Currently, some 9.4 billion tokens have already been staked.
Renowned analyst and crypto YouTuber Conor Kenny is excited about SpongeV2, which he says could explode massively upon launch.
SpongeV2 is soon expected to announce new listings on bigger and better tier-one exchanges, which is likely to give its price another boost. Investors are urged to act swiftly to secure their tokens before such developments drive the price higher.
🚀Missed 100x in 2023?💥 $SPONGE is BACK with V2 – Bigger, Better, and ready to absorb the damp!
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— $SPONGE (@spongeoneth) March 25, 2024
You can buy SpongeV2 tokens here using USDT, ETH, or a bank card.
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