Artificially Intelligent Begonia Competitor Viewed Frenzied Acquisition: PEPE Jumps 4% with Limited Time Remaining for Trade, PEPE's AI Counterpart Proving Favorable among Traders
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Pepe's price soared 4% in the past 24 hours, trading at $0.000011623 as of 10:52 p.m. EST, with trading volume plunging 42% to $1.1 billion.
Bearish Outlook for Pepe Price - Gearing Up for a 19% Drop?
Over the past few months, the PEPE price pattern reveals a spike following the formation of a double bottom pattern - a typically bullish reversal signal. This pattern led to a breakout in early May, propelling the Pepe price over both the 50-day Simple Moving Average (SMA) and the 200-day SMA, indicating a bullish phase.
However, the rally seems to be losing steam near the $0.000016222 level, where a sharp rejection occurred - a possible bull trap. This means that stop-losses placed above recent highs were triggered, only for PEPE to promptly reverse.
The double red arrows at this level highlight it as a strong resistance zone. Currently, the Pepe price is retreating below the 0.5 Fibonacci retracement level, hovering around $0.000011623.
As for the Relative Strength Index (RSI), it's lingering at 44.78, settling in the neutral to slightly bearish territory. The RSI seems to be heading towards the 30-oversold region, suggesting a gradual increase in selling pressure.
PEPE/USD Chart Analysis (Tradingview)
Pepe Price Prediction
The PEPE/USD analysis suggests a potential short-term downward trend. In the event that the 0.618 Fibonacci support at $0.000010836 fails to hold, the next probable support target resides near $0.000009372, which represents a 19% drop and the 0.786 level. This would place the Pepe price back within a Fair Value Gap (FVG) area.
Conversely, if buyers manage to reclaim the 0.618 zone and the 200-day SMA at $0.000013166, the uptrend might resume, pushing the Pepe price towards the previous high at $0.000016222 and perhaps even extending to $0.000018575 (-0.27 Fib extension).
Investors are flocking to buy a new AI-focused cryptocurrency called MIND of Pepe (MIND), with popular YouTube personality Jacob Bury touting it as the next 10X crypto.
MIND of Pepe Presale Pockets Over $12 Million - Final Chance to Buy
The MIND of Pepe presale has capped off after garnering over $12 million in initial funding. However, there's still a last opportunity to invest, as buying $MIND at the list price is still available through Ethereum, until the claim window opens on June 3 at 2 pm UTC.
MIND of Pepe is an innovative project that leverages advanced AI and blockchain technology to redefine the cryptocurrency trading realm. Based on the Ethereum blockchain, MIND's AI agent learns, analyzes, and interacts autonomously online.
MIND of Pepe's AI agent zeroes in on emerging trends in the Web3 space, particularly on social media platforms like 'Crypto Twitter', before they gain widespread attention. Later, it passes these insights to MIND token holders, giving them an upper hand in the market.
The project's AI agent doesn't merely observe passively; it actively engages with essential individuals, platforms, and communities, and then disseminates those insights directly to MIND holders via token-gated groups. The team has also hinted at the introduction of the MIND of Pepe Terminal, allowing users to access trading signals effortlessly.
The $MIND of Pepe Terminal is around the corner. Its feature set includes:
- Access to latest signals
- Quick access to token purchasing page
- In-depth technical analysis
- Risk/reward ratio insights
- Real-time chart displays
Welcome to the future. Welcome to $MIND.
Currently, MIND tokens retail for $0.0037515 and can be acquired via crypto or bank cards. With less than two days remaining until MIND hits DEX listings, it's time to act!
Snag MIND here.
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