PEPE Dips 3% – Is Meme Trend Fading?

Join Our Telegram channel to stay up to date on breaking news coverage

Pepe (PEPE) has dipped 3% in the last 24 hours, with the past week recording a 21.2% drop. The token is trading at $0.00000108 as of 2.06 a.m. EST. Its monthly performance is down to -28.1% leaving the question of whether the meme’s trend is slowly fading or if it is an opportunity for investors to buy the dip.

PEPE Price Could Break Below Descending Triangle

PEPE/USDT Chart Analysis. Source: Tradingview.com — PEPEUSDT Chart Analysis. Source: Tradingview.com

PEPE’s following weeks might be profitable for the bears, as the chart suggests a further downturn for the price.

At the time of writing, the price of Pepe is displaying a descending triangle formation. This pattern, however, might be followed by an opportunity for the bears to exert downward pressure on the price.

The positioning of the 50 and 200 simple moving averages further supports the bearish momentum.

These moving averages are situated above Pepe’s current price at $0.0000012734 and $0.0000011879, respectively, indicating significant pressure that could prompt bears to engage in substantial selling activity and potentially push the price lower, causing the bulls to retreat toward a lower support level.

The relative strength index (RSI) trades at 38, indicating a downtrend.

If the bearish momentum continues, a potential selling pressure might push the price below the oversold region 30.

The general trend tends to lean towards a predominantly bearish sentiment, with key levels to keep an eye on at $0.0000009191 and $0.0000007980.

Conversely, a projected short-lived buying phase might take place, lifting the price towards the triangle’s upper trendline at $0.000013271.

For those seeking more promising investment opportunities, it’s worth considering the yPredict token. This token has demonstrated remarkable success in its presale project, making it a potentially attractive alternative to PEPE for prospective buyers.

yPredict (YPRED) – 10X Potential

yPredict (YPRED) closely mirrors the appeal of other tokens but with a distinct difference. While PEPE is predominantly seen as a meme coin with no inherent value, yPredict stands out as an initiative centered on utility.

🚀yPredict ($YPRED), the ultimate AI-powered platform for traders! 📊🤖 Unleash the power of market sentiment analysis, chart pattern recognition, advanced indicators, and AI-driven buy/sell signals. An indispensable tool for consistently profitable trading.

🎯 Hurry, we’re in… pic.twitter.com/B5lADbFgHm

— yPredict.ai (@yPredict_ai) August 11, 2023

This endeavor harnesses the potent potential of artificial intelligence (AI) to reshape the trading analysis landscape.

It empowers users with data-driven insights, facilitating well-informed and strategic trading choices.

One key feature of yPredict is its strong commitment to maintaining the integrity of its trading models – every prediction undergoes thorough verification by members of the yPredict DAO.

Following its earlier test of the LSTM prediction model, yPredict has conducted another test. In the previous trial, the platform utilized the LSTM Artificial Intelligence model to forecast the future price movement of ETH over the upcoming years.

📈Just read an insightful article on Ethereum price prediction using LSTM model by #yPredict. 🔮 In a world of crypto volatility, LSTM proves its prowess in forecasting Ethereum prices accurately. A deep dive into AI, data visualization, and hybrid models for a clearer view of… pic.twitter.com/pbWqxvwm8o

— yPredict.ai (@yPredict_ai) August 16, 2023

Built upon advanced AI and machine learning, yPredict is a next-generation trading research and analysis hub.

It adeptly unravels the intricacies of financial markets, resulting in various sophisticated predictive tools that enhance trading strategies.

In times of uncertainty, yPredict offers a fresh perspective, liberating traders from dependence on news and public sentiment.

yPredict Presale Funding Crosses $3.5 Million

The yPredict (YPRED) project has successfully raised over $3.55 million, nearing the initial presale goal of $4.5 million as the project nears the final stages of the early sale.

The YPRED tokens are available at a rate of $0.1 with presale at the late sale of its 7th stage. Indeed, here’s a more fluent version:

Investors are urged to buy in early, as later stages will see YPRED’s price progressively rise to $0.11 and eventually $0.12, a change that will be reflected across trading platforms.

🚀 The future of crypto predictions is here with yPredict! 🤖 This AI-powered platform has already raised an impressive $3.4M in its presale so far.

💰 With its cutting-edge technology, transparency through blockchain, and community-driven approach, yPredict is setting a new… pic.twitter.com/yPSvwOOAg0

— yPredict.ai (@yPredict_ai) August 14, 2023

Given the substantial support garnered by the project, yPredict (YPRED) holds the potential to gain widespread popularity, potentially leading to a significant surge in its value—potentially even experiencing growth by 10x.

Interested investors can head to the yPredict website and actively trade their USDT, ETH, BNB, or MATIC for $YPRED tokens. Additionally, you can participate in this high-potential project using your bank card for investment.

PEPE Price Could Break Below Descending Triangle

yPredict (YPRED) – 10X Potential

yPredict Presale Funding Crosses $3.5 Million

Related News