Pepe Price Surge
The price of Pepe has surged by 9% in the last 24 hours, trading for $0.00000143, marking a 50% increase in trading volume. This increase follows its overshadowing by Bonk Inu during December.
This surge has placed Pepe ahead of sector giants like Dogecoin and Shiba Inu, which have seen smaller increases in their market values.
Pepe Price Prognosis
Currently, Pepe’s price is heading toward a supply zone between $0.00000146 and $0.00000172. To affirm a continuation of the upward trend, the market value of the frog-themed token should record a daily candlestick close above the threshold of the supply barrier at $0.00000159.
If these gains continue, Pepe’s price could flip the supply zone, testing the range high at $0.00000193.
Converse Case
If the supply barrier holds as a resistance, Pepe’s price could be rejected, sending it below the support offered by the ascending trendline. This could lead to a 40% drop if the prevailing bullish outlook is invalidated.
Investor focus has shifted to Sponge V2, which is considered a promising alternative to Pepe.
Promising Alternative To Pepe
Sponge V2, accessible only through the stake-to-bridge mechanism, is the refined version of Sponge V1. Analysts have listed this token as one of the top picks for leading cryptos, anticipating explosive growth.
Hot Take
Sponge V2 has generated significant interest and support from top executives within the crypto industry, offering a promising opportunity for growth. Investors should consider taking a closer look at this alternative to Pepe.
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