PEPE Price is Going to Zero as Crypto Whales Move to This Other Meme Coin Before it Lists on Exchanges
Pepecoin (PEPE) has faced a tough week on crypto markets, with downside movements dominating the chart as PEPE slides down -13% since Sunday.
This comes amid a challenging point in PEPE technical structure, which has been suffocating under a ceiling of local resistance from the 20DMA since July 16.
PEPE Price Analysis: Is Pepecoin Going to Zero?
The downside action has left Pepecoin trading at $0.00000123 (a 24 hour change of -1.6%).
Local resistance from the 20DMA has dominated price moves for 16 days, and Pepecoin’s technical structure has been breaking low now for 9 days – leaving PEPE bag holders in a state of fearful anxiety.
Last time Pepecoin lost support from the 20DMA saw price action suffocate under resistance for more than a month, highlighting the considerable downside risk underpinning current price action.
With PEPE’s trendlines still reading a bearish pendant pattern, there is some relief to be found in Pepecoin’s indicators.
The RSI has cooled off significantly on the recent downside move, now showing an oversold signal at 34.53 – implying that downside moves could be drawing to an end, with sufficient capacity to push up again soon.
But the MACD is still showing minor bearish divergence, with -0.000000003 signalling the downtrend could continue on the short-time frame.
With the technical analysis offering little solace for Pepecoin’s outlook, PEPE is facing a tough risk: reward profile, as upside potential is limited by local resistance from the 20DMA at $0.0000015 (+22.95%).
Whereas on the downside, lower support can be found down at $0.0000009 (-26.25%), leaving Pepecoin with a risk: reward ratio of 0.88.
An Unmissable Opportunity: Shibie’s Crypto Presale
There’s a new pup in town, and it’s gearing up to leave a paw print so indelible that you’ll be talking about it for years to come.
Meet Shibie, the glamorous Shiba Inu-Barbie crossbreed ready to take the crypto space by storm – yes, you heard right. Hollywood’s blockbuster sensation Barbie and the ever-viral Shiba Inu have joined forces in the form of this disruptive token, set to redefine the meme coin space.
Without wasting a second, the Shibie presale is on, and with 60% of supply on offer, tokens are priced at a jaw-dropping $0.000167, there’s simply no time to waste.
Remember, we’re talking about raising a small seed funding round of $999,999, which could sell out in the blink of an eye considering the buzz around Shibie. So, make your move, and make it fast.
The $SHIBIE Price Pump: Sky’s The Limit With CEX Launches Planned
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— Shibie Coin | Live (@ShibieCoin) August 1, 2023
With 1,000x gains or even more on the horizon, Shibie is set to outshine even the brightest stars in the crypto market.
What sets Shibie apart is its unique fusion of two cultural icons – the Shiba Inu and Barbie, creating an alluring charm that’s hard to resist.
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Dedicated to creating a diverse and inclusive community, the Shibie team has allocated 20% of the $SHIBIE token supply to DEX liquidity and 10% to centralized exchange (CEX) liquidity.
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Shibie’s Marketing Blitz: Ready to Ride the Barbie Wave
With a massive marketing drive in the pipeline, Shibie is all set to make headlines.
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Be a part of the Shibie revolution – seize the opportunity, invest in the presale, and make your mark in the crypto meme coin vertical.
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
