Over the previous week, Pepe Coin has emerged as a cryptocurrency price noting, marking a formidable 9% surge.
This ascent is additional accentuated by its affiliation with one of the web3’s most buzzed-about gaming platforms, Meme Kombat, which lately drew a whopping $165k in its presale.
But what does the technical panorama inform us about Pepe Coin’s present standing and its potential future trajectory?
Pepe Coin Price Prediction
As of October 01, Pepe Coin is buying and selling for $0.00000080. The final 24-hour buying and selling quantity stands at $2,776; throughout this era, the coin has risen by 2.26%.
On the CoinMarketCap leaderboard, Pepe Coin at the moment occupies the #4713 spot. The coin boasts a staggering max provide of 420,690,000,000,000 PEPE cash.
Pepe Coin’s Key Price Levels
From a technical standpoint, the pivot level for Pepe Coin hovers round $0.000000673. The coin faces speedy resistance at $0.000000743, adopted by subsequent resistances at $0.000000811 and $0.0000009506.
On the flip facet, help ranges are noticeable at $0.0000006064, $0.0000005348, and the bottom at $0.0000003957.
Technical Indicators
- The RSI (Relative Strength Index) at the moment stands at 63, suggesting a comparatively bullish sentiment as the worth is above 50. This signifies that purchasing momentum is powerful and may push the coin additional up.
- The 50 EMA (50-Day Exponential Moving Average) is at $0.0000007377. Currently, the Pepe Coin value sits above the 50 EMA, pointing to a short-term bullish development.
Chart Patterns: One noteworthy statement is Pepe Coin finishing the 23.6% Fibonacci retracement at $0.0000007958.
A profitable push above this mark may pave the way in which for the coin to focus on 38.2% or 50% Fibonacci ranges, that are pegged round 0.0000010362 and 0.0000011345, respectively.
Currently, the general development for Pepe Coin appears bullish, particularly if it might maintain a value above $0.0000007449. Traders may think about this a purchase sign.
Looking forward, in the quick time period, the coin is likely to be gearing as much as take a look at the aforementioned resistance ranges, particularly if the present momentum holds.
Meme Kombat: The Latest Web3 Gaming Platform That Raised $165k in Presale
Merging meme ideas with fight gaming, Meme Kombat is a brand new introduction that ensures gamers two sources of earnings – energetic and residual.
The staking APY for the token is at the moment at a formidable 112%. The challenge’s monetary framework is centered across the Meme Kombat Token ($MK), as emphasised in the whitepaper.
Staking is one of the primary options of the Meme Kombat platform, offering cryptocurrency fanatics with a dependable supply of passive revenue by way of APY.
Users can securely hyperlink their crypto wallets to the platform and stake their $MK tokens.
A portion of the token provide, equal to 30%, has been reserved for staking and rewarding gamers throughout the recreation.
This technique is aimed toward incentivizing customers to carry onto their tokens, thereby selling stability.
After the preliminary 14-day staking interval, customers can have the choice to both withdraw their tokens or hold staking in order to repeatedly obtain the advantages of the APY.
Multiple options are set to be launched by the platform from October to November 2023.
One of the important thing options is the debut of Meme Kombat Season 1, aimed toward protecting gamers . Players can sit up for the discharge of Meme Kombat 2 by the tip of 2023, which is able to include improved gameplay options.
Visit Meme Kombat Here
Disclaimer: Crypto is a high-risk asset class. This article is offered for informational functions and doesn’t represent funding recommendation. You may lose all of your capital.
