PepeCoin Price Soars 10% As This PEPE 2.0 ICO Closes On $13 Million
The PepeCoin price surged 10% in the last 24 hours to trade at $2.42 as of 03:29 a.m. EST on trading volume that soared 8% to $4.3 million. PEPECOIN rose despite the meme coin space dropping 1% in the last 24 hours to a $41 billion market capitalization. PEPECOIN Price Bulls Remain Uncertain The PepeCoin price has been on a continued downtrend since August 26, as the price dropped from the $3.31 resistance to the $2.0 support zone. The bulls then used this support to push the price of PepeCoin up to the $2.34 resistance, forming a rounding bottom pattern. With the push toward the resistance, PEPECOIN now trades above both the 50-day and 200-day Simple Moving Average (SMA). Moreover, the Relative Strength Index (RSI) is climbing up towards the 70-overbought region, currently at 69, showing an increase in buying pressure. The Moving Average Convergence Divergence Convergence (MACD) also shows that the asset is in positive momentum, with the MACD now climbing above the neutral zone...