Pepe 2.0 Price Surge
The Pepe 2.0 price recently surged by 20% to trade at $0.00000002386 as of 8:30 a.m. EST.
Pepe 2.0 Price Prediction: Technical Analysis
Looking at the 1-hour PEPE2.0/USDT charts, we see that the 50-period Simple Moving Average (SMA) and the 200-period SMA indicate possible corrections, forming a death cross.
The Relative Strength Index (RSI) is around 62, suggesting moderate bullish momentum. The Moving Average Convergence Divergence (MACD) line shows bull action on the meme coin.
Other indicators, such as the Awesome Oscillator (AO), show green bars, accrediting overall bullish trends to the asset. A notable uptick in trading volume accompanies the recent price surge, indicating strong buying interest.
The chart also shows previous price consolidation around the 0.000000021167 level, which may act as support.
Pepe 2.0 Price: Is Sponge V2 A Better Alternative?
Sponge V2, an exciting new gaming meme coin and the successor to Sponge V1, requires staking the preceding V1 token. Investors can find the bridging feature for acquiring Sponge V2 tokens on the Sponge website.
Justin Sun Bought Sponge
Last year, news spread that Tron founder Justin Sun purchased Sponge, sparking more interest in the project. Jacob Crypto Bury, a prominent figure, anticipates a potential 30x increase on launch. Meanwhile, Sponge V1 ($SPONGE) also had a strong day, surging 23% to trade at $0.0009693 as of 9:38 a.m. EST, skyrocketing 1,185% in the past year.
Hot Take
It’s important to pay close attention to the technical analysis and other indicators when considering investing in meme coins like Pepe 2.0 and Sponge V2. Keep an eye on key levels of support and resistance and consider the potential upside of these alternative meme coins as noted by some prominent figures in the crypto space.
Insa’s extensive background in the financial realm encompasses roles as a writer, trader, and personal finance coach. Her proficiency spans a wide spectrum, ranging from commodities and indices to forex and cryptocurrencies. Insa’s specialization lies in furnishing strategic investment advice tailored to the fintech investment niche.