Over the past week, Pepe Coin has emerged as a cryptocurrency worth noting, marking an impressive 9% surge.
This ascent is further accentuated by its association with one of the web3’s most buzzed-about gaming platforms, Meme Kombat, which recently drew a whopping $165k in its presale.
But what does the technical landscape tell us about Pepe Coin’s current standing and its potential future trajectory?
Pepe Coin Price Prediction
As of October 01, Pepe Coin is trading for $0.00000080. The last 24-hour trading volume stands at $2,776; during this period, the coin has risen by 2.26%.
On the CoinMarketCap leaderboard, Pepe Coin currently occupies the #4713 spot. The coin boasts a staggering max supply of 420,690,000,000,000 PEPE coins.
Pepe Coin’s Key Price Levels
From a technical standpoint, the pivot point for Pepe Coin hovers around $0.000000673. The coin faces immediate resistance at $0.000000743, followed by subsequent resistances at $0.000000811 and $0.0000009506.
On the flip side, support levels are noticeable at $0.0000006064, $0.0000005348, and the lowest at $0.0000003957.
The RSI (Relative Strength Index) currently stands at 63, suggesting a relatively bullish sentiment as the value is above 50. This indicates that buying momentum is strong and might push the coin further up.
The 50 EMA (50-Day Exponential Moving Average) is at $0.0000007377. Currently, the Pepe Coin price sits above the 50 EMA, pointing to a short-term bullish trend.
Chart Patterns: One noteworthy observation is Pepe Coin completing the 23.6% Fibonacci retracement at $0.0000007958.
A successful push above this mark could pave the way for the coin to target 38.2% or 50% Fibonacci levels, which are pegged around 0.0000010362 and 0.0000011345, respectively.
Currently, the overall trend for Pepe Coin seems bullish, especially if it can sustain a price above $0.0000007449. Traders might consider this a buy signal.
Looking ahead, in the short term, the coin might be gearing up to test the aforementioned resistance levels, especially if the current momentum holds.
Meme Kombat: The Latest Web3 Gaming Platform That Raised $165k in Presale
Merging meme concepts with combat gaming, Meme Kombat is a new introduction that guarantees players two sources of earnings – active and residual.
The staking APY for the token is currently at an impressive 112%. The project’s financial framework is centered around the Meme Kombat Token ($MK), as emphasized in the whitepaper.
Staking is one of the main features of the Meme Kombat platform, providing cryptocurrency enthusiasts with a reliable source of passive income through APY.
Users can securely link their crypto wallets to the platform and stake their $MK tokens.
A portion of the token supply, equivalent to 30%, has been reserved for staking and rewarding players within the game.
This strategy is aimed at incentivizing users to hold onto their tokens, thereby promoting stability.
After the initial 14-day staking period, users will have the option to either withdraw their tokens or keep staking in order to continuously receive the benefits of the APY.
Multiple features are set to be launched by the platform from October to November 2023.
One of the key features is the debut of Meme Kombat Season 1, aimed at keeping players interested. Players can look forward to the release of Meme Kombat 2 by the end of 2023, which will come with improved gameplay features.
Visit Meme Kombat Here
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.