Pepe Coin (PEPE) Price Analysis: Will it Bounce Back?
– The four-hour chart for the PEPE/USD trading pair shows a double-top pattern, indicating a potential continuation of the bearish trend.
– Technical indicators such as EMA Cross, MACD histograms, and RSI below 50 support the bearish outlook.
– Critical resistance at $0.0000018 may cause a bounce back if the lower EMA crosses above the higher EMA.
– PEPE coin’s market capitalization has increased by 2.7% and trading volume has risen by 17.1% in the past 24 hours, indicating signs of recovery.
– The future trend of PEPE coin depends on whether the neckline break occurs or if it manages to hold.
Why Did Pepe Rebound Today?
– PEPE reached 133,000 on-chain holders, leading to positive market sentiment and upward price movement.
– The demand for Coinbase to list PEPE coin contributed to its gains.
– Fear, Uncertainty, and Doubt (FUD) surrounding the cryptocurrency and conflicts with the development team may have hindered its listing on Coinbase.
– The conflicts with @Pauly0x have created an unfavorable perception of the project.
– Another coin, Thug Life Token (THUG), is gaining attention in the meme coin community.
Pepe Community Reacts to Coinbase Listing Debate and FUD-Related Concerns
– PEPE community members expressed positive sentiment regarding the potential listing on Coinbase.
– The inability to list on Coinbase may be due to FUD surrounding the cryptocurrency and conflicts with the development team.
– The negative incidents are deterring new community members.
– PEPE remains below critical resistance due to these issues.
Pepe Alternative: Thug Life Token (THUG)
– THUG’s presale surpassed a $1.8 million hard cap in just three weeks, making it one of the most successful cryptocurrency presales of the year.
– The IDO on Uniswap promises a fair launch strategy, and THUG plans to list on multiple exchanges and initiate a token burn.
– With over 10K Twitter followers, THUG has gained momentum and is backed by influencers and crypto analysts.
– The project’s commitment to a three-month liquidity lock ensures a secure trading environment.
– THUG aims to achieve a $100 million market capitalization and be listed on Tier-1 centralized exchanges (CEXs).
Hot Take: Will PEPE Bounce Back or Will THUG Take the Lead?
PEPE’s price analysis suggests a bearish trend, but signs of recovery are present. The community’s demand for Coinbase listing and the milestone of reaching 133,000 on-chain holders may contribute to its rebound. However, conflicts and FUD surrounding the cryptocurrency may hinder its progress. Meanwhile, THUG has gained significant attention with its successful presale and plans for a fair launch. As the IDO concludes, both coins present interesting opportunities for crypto investors.
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