Should I buy Pepe Coin now as it has increased by 10% from its recent low?
The price of Pepe Coin has decreased by 5.5% in the past 24 hours, bringing it down to $0.00000137. This loss erased the gain it had made yesterday when it reached $0.00000150.
Over the past week, Pepe Coin has dropped by 13% and in the past two weeks, it has dropped by 19%. However, over the last 30 days, the meme token has still increased by 130%, making it one of the top-performing coins in the last month.
Despite a slight loss of momentum in recent weeks, the possibility of further exchange listings could cause Pepe Coin to rally again. Its current corrected price makes it undervalued and attractive to buyers.
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Pepe Coin Price Prediction as PEPE Rallies Up 10% From Recent Low – Time to Buy?
Although PEPE’s chart appears weak, this could be a good opportunity to buy the meme token at a lower price. Its relative strength index (purple) has dropped close to 20, indicating that it is oversold and should rebound soon. Additionally, PEPE’s 30-day moving average (yellow) and its price have fallen far below its 200-day average (blue), suggesting that it has been oversold and should correct soon.
However, technical analysis tools are generally developed for normal stocks, which have actual businesses and fundamentals. PEPE, on the other hand, is a pure meme token and lacks fundamental utility, which could mean that its bubble has burst and it is on its way out.
The fear is intensified by PEPE’s support level (green), which shows a steep decline after the altcoin fell through the $0.000001375 level earlier this morning. This could indicate further declines to come, especially without much news to support PEPE’s price.
PEPE’s price had previously been boosted by new exchange listings from Binance, BitMart, KuCoin, and OKX, but there haven’t been any new listings recently. Even with a small community of holders and shillers pushing for blockchain to list the token, it’s unlikely. Without new listings, it’s hard to see how PEPE could stage another big rally.
If traders believe that PEPE’s best rallies are in the past, they may prefer to look at newer meme tokens that haven’t profited from FOMO and big surges yet, like Wall Street Memes (WSM), a meme token associated with the infamous r/wallstreetbets sub-Reddit.
WSM has recently launched a presale and has already raised over $1.1 million within days, indicating strong interest and potential for a rally when it lists on exchanges later in the year.
The presale of Wall Street Memes will consist of a total of 30 stages. Currently, it is in its third stage where WSM is being sold for $0.02560000.
The price will increase to $0.03370000 by the end of the sale, which is a 31.6% increase. This increase is even before the token is available on trading platforms.
Investors can participate in the presale by visiting the official Wall Street Memes website and connecting their wallets. They can use BNB, ETH, USDT or a credit card to buy WSM.
Most of the 2 billion supply of WSM, which is a meme token related to Wall Street Bets, will go to its community. 50% of the supply is allocated to the presale alone.
This makes WSM a well-distributed meme token, which provides retail investors with the opportunity to benefit from its potential gains.
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