PepeCoin Price Prediction: PEPECOIN Tops Meme Coin Losers With 8% Plunge, But This New PEPE 2.0 Goes Ballistic In Presale With $16.4 Million Raised
The PepeCoin price plunged 8% in the last 24 hours to trade at $3.175 as of 03:19 a.m. EST on trading volume that dropped almost 2% to $4 million. The drop made PEPECOIN the top loser among the biggest meme coins by market capitalization, ahead of Turbo, which suffered a 6% slump, according to CoinMarketCap. PepeCoin Price On A Bearish Trend The PepeCoin price picked up momentum in mid-September, soaring from the $2.3 support to the $3.5 resistance, according to GeckoTerminal . PEPECOIN then formed a double-top pattern within this resistance, signalling the possibility of an incoming downward trend. The PepeCoin price has now breached the previous support level at $3.4 (50-day Simple Moving Average (SMA)) but trades above the 200-day SMA, which now acts as the next support zone. Furthermore, the Relative Strength Index (RSI) is plunging further towards the 30-oversold region, currently at 33, showing that the token is under intense selling pressure. The presence ...