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The price of the leading meme coin Pepe ($PEPE) declined by almost 4% yesterday – bringing the coin’s 17% drop in value over the past five days.
This bearishness means that last Thursday’s amazing gains are almost gone, and now the bulls have taken control.
However, the hype surrounding Pepe’s slump isn’t diminishing Evil Pepe Coin ($EVILPEPE)Which recently launched an eagerly awaited pre-sale event for early investors.
$PEPE in trouble due to price rejection
Currently, $PEPE is trading at around $0.00000155 per token, showing a decline in 3 out of the last 5 days.
This bearish momentum comes after $PEPE rejected the resistance area located at $0.00000190 last Friday – an area that was also aggressively rejected two weeks ago.
The price is now stuck in a large range between $0.00000143 and $0.00000190, with the bulls losing control of the coin’s price action.
Breaking the nearby resistance area will be crucial for $PEPE to gain momentum in the near term – but this seems unlikely based on the events of the past week.
Further dampening enthusiasm for $PEPE’s retracement is the fact that the price has broken below the 20-day and 50-day Exponential Moving Averages (EMA) on the daily chart.
This signals a weakening trend and raises concerns about the possibility of further downside pressure.
Positive pepe momentum is short-lived as bears regain control
Given the recent wave of bearish momentum, it appears that last Thursday’s rally was only temporary and nothing more.
The surge in price was fueled by Ripple’s massive victory in its ongoing legal battle with the SEC – a victory that prompted a significant increase in crypto prices across the board.
Unfortunately, $PEPE’s technicals suggest that the pump was not sustainable, as the coin has failed to maintain its upward trajectory.
According to coinmarketcap$PEPE trading volume declined by 10% over the past 24 hours, while the total number of “whale” holders decreased slightly.
These metrics show decreasing interest in $PEPE, further contributing to the bearish sentiment.
Thus, $PEPE will need a significant positive catalyst to make a comeback, such as announcing a new partnership or introducing a unique use case.
Unfortunately, such a catalyst has not yet occurred – leaving $PEPE’s potential retracement in the short term untenable.
Which New Mem Tokens Look Poised For A Price Surge?
While $PEPE falters, a new meme token is emerging that may be poised for massive profits.
The Evil Pepe Coin, which just launched its presale phase, puts a rebellious twist on the typical meme coin formula – and one that may resonate in today’s market.
Evil Pepe Coin Launches Presale and Seeks Meme Coin Market Domination
Evil Pepe Coin ($EVILPEPE) There’s a brand new project that wants to dethrone $PEPE and make its mark on the meme coin space.
Having recently started its public presale phase, Evil Pepe Coin offers a great opportunity for meme coin lovers to buy in at an attractive price of only $0.000333.
The team at Evil Pepe Coin describes the coin as “unpredictable and audacious” – taking advantage of edgy branding and a rebellious ethos that help it stand out in a saturated crypto market.
The timing of the launch of $EVILPEPE couldn’t be better, as it looks like it is set to absorb the interest of frustrated $PEPE holders looking for the next hot meme coin.
Early members of Evil Pepe Coin Telegram Community There is confidence that if the coin can catch even a fraction of the hype of $PEPE, it could result in massive gains once it enters the open market.
Another factor in the growing hype around $EVILPEPE is that 90% of the total token supply is reserved for presale investors.
In addition, 10% of the token supply will be used for DEX liquidity – the liquidity pool will be locked for one month following the launch of the coin exchange.
This helps ensure that investors avoid the “rug pulling” that has become all too common in the meme coin sphere.
Already with YouTube analyst Jacob Bury speculation $EVILPEPE Could Be “The Next Pepe Coin” All eyes are on this budding meme token as its presale phase begins in earnest.
Disclaimer: The above article is sponsored content, and is written by a third party, and is for promotional purposes only. It does not represent the opinions or views of Cryptopotatoes, and nothing herein should be construed as financial advice. Readers are strongly advised to independently and carefully verify the information. Investing in cryptocurrencies carries a risk of capital loss, and readers are also advised to consult a professional before making any decisions that may or may not be based on the above sponsored content.
Readers are also advised to read Cryptopotato’s full disclaimer.
Binance Free $100 (Exclusive): Use this link to register and get $100 free and 10% off fees on Binance Futures for the first month. (terms).
PrimeXBT SPECIAL OFFER: Use this link to register and enter the code CRYPTOPOTATO50 to receive up to $7,000 on your deposit.
[ad_1]
The price of the leading meme coin Pepe ($PEPE) declined by almost 4% yesterday – bringing the coin’s 17% drop in value over the past five days.
This bearishness means that last Thursday’s amazing gains are almost gone, and now the bulls have taken control.
However, the hype surrounding Pepe’s slump isn’t diminishing Evil Pepe Coin ($EVILPEPE)Which recently launched an eagerly awaited pre-sale event for early investors.
$PEPE in trouble due to price rejection
Currently, $PEPE is trading at around $0.00000155 per token, showing a decline in 3 out of the last 5 days.
This bearish momentum comes after $PEPE rejected the resistance area located at $0.00000190 last Friday – an area that was also aggressively rejected two weeks ago.
The price is now stuck in a large range between $0.00000143 and $0.00000190, with the bulls losing control of the coin’s price action.
Breaking the nearby resistance area will be crucial for $PEPE to gain momentum in the near term – but this seems unlikely based on the events of the past week.
Further dampening enthusiasm for $PEPE’s retracement is the fact that the price has broken below the 20-day and 50-day Exponential Moving Averages (EMA) on the daily chart.
This signals a weakening trend and raises concerns about the possibility of further downside pressure.
Positive pepe momentum is short-lived as bears regain control
Given the recent wave of bearish momentum, it appears that last Thursday’s rally was only temporary and nothing more.
The surge in price was fueled by Ripple’s massive victory in its ongoing legal battle with the SEC – a victory that prompted a significant increase in crypto prices across the board.
Unfortunately, $PEPE’s technicals suggest that the pump was not sustainable, as the coin has failed to maintain its upward trajectory.
According to coinmarketcap$PEPE trading volume declined by 10% over the past 24 hours, while the total number of “whale” holders decreased slightly.
These metrics show decreasing interest in $PEPE, further contributing to the bearish sentiment.
Thus, $PEPE will need a significant positive catalyst to make a comeback, such as announcing a new partnership or introducing a unique use case.
Unfortunately, such a catalyst has not yet occurred – leaving $PEPE’s potential retracement in the short term untenable.
Which New Mem Tokens Look Poised For A Price Surge?
While $PEPE falters, a new meme token is emerging that may be poised for massive profits.
The Evil Pepe Coin, which just launched its presale phase, puts a rebellious twist on the typical meme coin formula – and one that may resonate in today’s market.
Evil Pepe Coin Launches Presale and Seeks Meme Coin Market Domination
Evil Pepe Coin ($EVILPEPE) There’s a brand new project that wants to dethrone $PEPE and make its mark on the meme coin space.
Having recently started its public presale phase, Evil Pepe Coin offers a great opportunity for meme coin lovers to buy in at an attractive price of only $0.000333.
The team at Evil Pepe Coin describes the coin as “unpredictable and audacious” – taking advantage of edgy branding and a rebellious ethos that help it stand out in a saturated crypto market.
The timing of the launch of $EVILPEPE couldn’t be better, as it looks like it is set to absorb the interest of frustrated $PEPE holders looking for the next hot meme coin.
Early members of Evil Pepe Coin Telegram Community There is confidence that if the coin can catch even a fraction of the hype of $PEPE, it could result in massive gains once it enters the open market.
Another factor in the growing hype around $EVILPEPE is that 90% of the total token supply is reserved for presale investors.
In addition, 10% of the token supply will be used for DEX liquidity – the liquidity pool will be locked for one month following the launch of the coin exchange.
This helps ensure that investors avoid the “rug pulling” that has become all too common in the meme coin sphere.
Already with YouTube analyst Jacob Bury speculation $EVILPEPE Could Be “The Next Pepe Coin” All eyes are on this budding meme token as its presale phase begins in earnest.
Disclaimer: The above article is sponsored content, and is written by a third party, and is for promotional purposes only. It does not represent the opinions or views of Cryptopotatoes, and nothing herein should be construed as financial advice. Readers are strongly advised to independently and carefully verify the information. Investing in cryptocurrencies carries a risk of capital loss, and readers are also advised to consult a professional before making any decisions that may or may not be based on the above sponsored content.
Readers are also advised to read Cryptopotato’s full disclaimer.
Binance Free $100 (Exclusive): Use this link to register and get $100 free and 10% off fees on Binance Futures for the first month. (terms).
PrimeXBT SPECIAL OFFER: Use this link to register and enter the code CRYPTOPOTATO50 to receive up to $7,000 on your deposit.
