Pepe Coin has recently gained attention as a noteworthy cryptocurrency, experiencing an impressive 9% surge. This increase is attributed to its association with the popular web3 gaming platform, Meme Kombat, which generated $165k in its presale.
What does the technical analysis reveal about the current status and future potential of Pepe Coin?
Pepe Coin Price Prediction
As of October 01, Pepe Coin is trading at $0.00000080 with a 24-hour trading volume of $2,776. During this period, the coin has risen by 2.26%.
Pepe Coin currently holds the #4713 position on the CoinMarketCap leaderboard. It has a maximum supply of 420,690,000,000,000 PEPE coins.
Pepe Coin’s Key Price Levels
From a technical perspective, Pepe Coin’s pivot point sits around $0.000000673. The coin faces immediate resistance at $0.000000743, followed by subsequent resistances at $0.000000811 and $0.0000009506.
On the other hand, support levels can be observed at $0.0000006064, $0.0000005348, and the lowest at $0.0000003957.
- The RSI (Relative Strength Index) is currently at 63, indicating a relatively bullish sentiment as the value is above 50. This suggests strong buying momentum that may push the price higher.
- The 50 EMA (50-Day Exponential Moving Average) is at $0.0000007377. Currently, the Pepe Coin price is above the 50 EMA, indicating a short-term bullish trend.
Chart Patterns: Pepe Coin has reached the 23.6% Fibonacci retracement level at $0.0000007958.
If the price successfully surpasses this level, it may target the 38.2% or 50% Fibonacci levels at approximately 0.0000010362 and 0.0000011345 respectively.
Currently, the overall trend for Pepe Coin appears bullish, particularly if it maintains a price above $0.0000007449. Traders might consider this a buy signal.
In the short term, the coin may be preparing to test the aforementioned resistance levels if the current momentum continues.
Meme Kombat: The Latest Web3 Gaming Platform That Raised $165k in Presale
Meme Kombat is a new gaming platform that combines meme concepts with combat gaming, offering players the opportunity to earn both active and residual income.
The staking APY for the platform’s token, Meme Kombat Token ($MK), is currently an impressive 112%. Staking is a significant feature of Meme Kombat, providing users with a reliable source of passive income through APY.
Users can securely link their crypto wallets to the platform and stake their $MK tokens.
30% of the token supply has been reserved for staking and rewarding players within the game, aiming to incentivize token holders and promote stability.
After an initial 14-day staking period, users have the option to withdraw their tokens or continue staking to receive ongoing APY benefits.
The platform has planned multiple features to launch from October to November 2023. One of the notable features is the release of Meme Kombat Season 1, aimed at keeping players engaged. The release of Meme Kombat 2, featuring improved gameplay, is anticipated by the end of 2023.
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes only and does not constitute investment advice. There is a potential risk of losing all invested capital.