PepeCoin Price Prediction: PEPECOIN Tops Weekly Meme Coin Losers With 22% Dump As This PEPE 2.0 ICO Rakes In $300K In 2 Days

Pepecoin Price Declines, While Pepe Unchained Presale Gains Traction

In the past week, Pepecoin's price has plummeted 22%, with a further 4% drop in the last 24 hours. As of 3:30 a.m. EST, the price stands at $2.11, marking a 38% decline in trading volume to $2.5 million.

This price drop has made Pepecoin the largest loser among the top 100 cryptocurrencies by market capitalization, as reported by CoinMarketCap.

Pepecoin Price within Descending Channel

The PEPECOIN/USD pair currently trades around $2.1272, within a descending channel. The presence of a bearish trendline indicates strong bearish sentiment, as the price has consistently declined.

The price approaches a key support zone near $2.10, which has historically attracted buying interest.

Technical Analysis

• Resistance levels: $2.2367 (50 SMA), $2.4848 (200 SMA)
• Support level: $2.10
• MACD: Slight bullish crossover
• RSI: 40.22, indicating bearish territory

Pepecoin Price Prediction

The bearish trend will continue unless key resistance levels are broken. The price action around the support zone will determine Pepecoin's short-term direction.

In a bearish scenario, failure to hold the $2.1272 support could lead to a drop towards $2.00 or lower.

In a bullish scenario, a break above $2.2367 could target $2.4848, with potential to reach $2.50. A move above $2.50 would indicate a shift towards a more bullish trend.

Pepe Unchained Presale Surges

Despite Pepecoin's decline, investors are flocking to Pepe Unchained (PEPU), a layer 2 meme coin. The presale has raised over $12 million, making it one of the year's most successful presales.

Notable whale investments include a purchase of 24.4 ETH ($56,735) and another of 10.8 ETH ($26,196.65).

PEPU Features

• Low transaction fees
• Enhanced scalability
• Double staking mechanism
• Current price: $0.0095362

Analysts from 99Bitcoins, a prominent crypto YouTube channel, believe PEPU has 100x potential and is one of the best cryptocurrencies to buy now.

Disclaimer

This article does not constitute financial advice. Please conduct your own research before making any investment decisions.