PepeCoin Price Prediction: PEPECOIN Tops Weekly Meme Coin Losers With 22% Dump As This PEPE 2.0 ICO Rakes In $300K In 2 Days
The Pepecoin price has plunged 22% in the past week and 4% in the last 24 hours to trade at 2.11 as of 3:30 a.m. EST on a 38% drop in trading volume to $2.5 million. This price drop made PEPECOIN the biggest loser among the top 100 cryptocurrencies by market capitalization, according to CoinMarketCap. PepeCoin Price Rebounds Within The Descending Channel PEPECOIN/USD pair is currently trading around the $2.1272 level, within a descending channel marked by a bearish trendline, indicating strong bearish sentiment as the price has been consistently moving lower. The price is approaching a key support zone near $2.10, which has previously attracted buying interest. PEPECOIN/USD Analysis Source: Dextools.io The first major resistance level is around the 50 simple moving average (SMA) at $2.2367, followed by the 200 SMA near $2.4848. If the price manages to break above these resistance levels, it could potentially reach the target price (TP) near $2.50. The 50 SMA...