The past week has been momentous for Pepe Coin, the new cryptocurrency that has risen by an astonishing 9%. The recent surge is fortified by its alliance with one of the most endorsed web3 gaming platforms, Meme Kombat, which raised a formidable $165k during its presale. But where do we think Pepe Coin stands in today’s market, and how does the forecast look?
As of October 01, Pepe Coin is valued at a mere $0.00000080, with the last 24-hour trading volume standing at $2,776, showing a hike of 2.26%. On the CoinMarketCap leaderboard, the coin holds the #4713 spot with an extraordinary max supply of 420,690,000,000,000 PEPE coins. This may seem like a tiny beginning, but one must remember that even giants like Bitcoin began small.
A technical analysis shows that Pepe Coin’s pivot point currently leans towards $0.000000673. The coin confronts an immediate resistance at $0.000000743, followed by subsequent resistances at $0.000000811 and $0.0000009506. It’s paramount to bear in mind that alongside notable growth, resistance is unavoidable. However, the potential lays in the support levels evident at $0.0000006064, $0.0000005348, and bottoming out at $0.0000003957.
Supporting this optimism are the RSI (Relative Strength Index) and 50-Day Exponential Moving Average. The RSI stands at a healthy 63, indicating a bullish sentiment because of its value above 50. Furthermore, the 50 EMA points to a short-term bullish trend at $0.0000007377, with Pepe Coin price currently standing above it.
Perhaps what’s turning heads is Pepe Coin’s association with Meme Kombat, a platform that offers players both active and residual earnings, as well as a substantial staking APY of 112%. Such opportunities serve as an appealing incentive for crypto investors and gamers alike to hold onto their tokens.
All said and done, no one can deny the potential of Pepe Coin, given its ascending trend and its connection with Meme Kombat. If it manages to break through its resistance levels and the current momentum continues, the future could indeed be quite promising. But it’s essential to remember that cryptocurrency as an asset class holds inherent risks, requiring investors to exercise due diligence and prudence. Happy investing!
Source: Cryptonews
