The PEPE price pumped over 30% last week, pushing the token’s value above the $0.00001 level. This significant move has caught the attention of many crypto enthusiasts and traders alike.
What you'll learn 👉
Technical Analysis: PEPE’s Current Market Position
Looking at PEPE’s chart, we can see some interesting developments. The token recently broke out of a downward channel pattern, surpassing both the $0.0000091 resistance level and its 200-day moving average at $0.0000093. This breakout signals a potential resumption of the uptrend.
However, it’s worth noting that the price has now reached a new resistance level at $0.0000113. With the Relative Strength Index (RSI) pushing above 70, indicating overbought conditions, we might see some profit-taking in the near term.
For those considering an entry, a pullback to around $0.000093 could present a buying opportunity, with a potential upside of about 15% to the $0.0000113 resistance level. As always, it’s crucial to manage risk and set appropriate price alerts.
The short-term trend for PEPE appears strongly bullish, with the medium-term trend also pointing upwards. However, the long-term trend remains bearish, suggesting caution for long-term investors.
Momentum indicators show a bullish signal, with the MACD line crossing above the MACD signal line. In terms of support and resistance, the nearest support zones are at $0.0000091 and $0.0000078, while the closest resistance levels lie at $0.0000113 and $0.000013.
Read also: Here’s When Fantom’s Token Will Rebrand to $S as FTM Price Pumps Again
Best Meme Coins to Buy Now: Spotlight on Panda World
While PEPE has been making waves, other meme coins are also attracting attention. One such project is Panda World, a unique blend of gaming and blockchain technology.
Panda World offers a turn-based RPG experience where players can embark on quests, collect cards, and build teams to progress through various stages. The game’s focus on strategic combat and character growth makes it appealing to both casual and dedicated gamers.
What sets Panda World apart is its integration of a casino platform. Using blockchain technology, the casino ensures fairness and transparency in all transactions. This feature allows players to enjoy various games while benefiting from the security provided by smart contracts.
The project’s ecosystem is powered by the $PADW token, which serves as the primary currency within Panda World. The token’s distribution is structured as follows:
- 40% for Presale
- 20% for Liquidity
- 15% for Staking Rewards
- 10% for Marketing
- 10% for Ecosystem Fund
- 5% for Project Fund
It’s important to note that Panda World is currently in its presale phase. Interested investors can only purchase tokens through the official presale website. As of now, the project has raised nearly $120,000.
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