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Pepe Coin Price Prediction – Will It See a Bullish End to the Year, or Will This New Meme Coin Pump Higher?

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Despite significant volatility the past week, Pepe is net-positive over the past month, up 0.65%. However, it has recently gathered notable momentum, climbing 4.5% in the last 24 hours.

Let’s take a look at Pepe’s short term prospects and also at a new meme coin – Meme Kombat – which some traders are backing to have a bullish future.

Technical Analysis Shows Pepe Coin May Have Found Bear Market Bottom

Pepe’s sustained sell-off may have finally ended, according to our technical analysis and the opinions of some prominent traders.

While not without risk, our technical analysis identified a double bottom on Pepe’s price chart, which strongly indicates a trend reversal.

Considering Pepe is currently trading -84% from its all-time high (ATH) and the crypto market’s bullish sentiment is building ahead of the Bitcoin halving, the double bottom seems to have formed at a perfect time.

Meanwhile, the Pepe RSI is currently at 44, edging towards the oversold region. This means sellers may have become exhausted, enabling buyers to take control of the market.

The RSI has also just crossed its 14-day moving average, hinting that momentum may be about to switch bullish.

However, potential buyers must remain aware that we are yet to see confirmation of a trend reversal. This will come as Pepe creates a higher high, breaking and holding above the $0.0000008112 level, its current lower high on the daily time frame.

According to our technical analysis, the next resistance level for Pepe would be around $0.0000011 if it creates a higher high.

TradingView analyst UnstoppableBulls sees Pepe’s current price as a significant buying opportunity. The recent forecast highlights the double bottom formation as a reason why. However, it also notes that the theory will become invalid if the price closes below the double-bottom support.

Another analyst who goes by Ifiok-2sydes points out a “massive falling wedge,” which they believe could result in tremendous upside potential if the price breaks out.

Prominent meme coin influencer Plazma0x took to X to share that Pepe gained 76 new holders yesterday and noted it formed a “beautiful double bottom.” The tweet also predicts that the latest CPI and PPI data could help Pepe start to rally.

Overall, bullish momentum is growing for Pepe, but its treacherous bear market decline means investors must await a trend reversal confirmation. 

Those looking for a meme coin already displaying significant bullish momentum could consider Meme Kombat, a newly launched presale token with both gaming and staking utility.

P2E Project Meme Kombat Smashes $500K at Presale as It Draws Investors With 112% Staking APY

Meme Kombat is a new project enabling users to gamble on the outcome of AI-generated battles using the $MK token. 

The project harnesses three trending crypto topics: Play-to-Earn, meme coins, and crypto gambling. This provides significant price potential, especially when factoring in its token utility.

As well as being used to wager on meme battles, users can also stake $MK to earn a whopping 112% staking annual percentage yield. This is far above the market average, with Ethereum offering 4% APY and other top cryptos offering under 10%.

Considering its dramatic upside potential compared to those cryptos, it becomes apparent why the presale is experiencing such early success.

Analyst Satoshi Stacker recently published a video urging viewers not to miss Meme Kombat’s high-potential presale.

50% of Meme Kombat tokens will be available at the presale, 10% have been allocated to DEX liquidity, 30% to staking rewards, and 10% to community rewards. In true meme coin fashion, this puts 100% of tokens in the hands of the community, enabling sustainable and long-term price action.

All these factors have led to an explosive start to the presale, indicating a fast sell-out. This is furthered by presale buyers’ ability to begin staking and earning yield immediately. Therefore, those looking to secure the lowest price must act quickly.

Visit Meme Kombat Presale


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