Pepe About to Crash? PEPE Slips 8% as Smog Token Gains Traction in Meme Coin Rally
Pepe is reeling amidst high volatility following a stunning 167% pump, but with retracement on the cards, can PEPE price analysis predict whether PEPE is about to crash?
This article will provide an analysis of PEPE’s current price trends and look to see whether a newer airdrop-oriented meme coin represents a more promising investment opportunity at this time.
The next leg up on $PEPE is going to be insanely explosive sending price past all time highs and into price discovery
Multiple billion market cap coming soon pic.twitter.com/Krw0LqFCjD
— Jameson (@JamesonEth) February 29, 2024
With price action attempting to consolidate, the crypto community is shifting into greed, traders are now calling for a push-up to a new all-time high as bullish sentiment dominates discussions across crypto X.
PEPE Price Analysis: As Pepecoin Tumbles -8% Into Consolidation – Will PEPE Skyrocket or Crash?
As PEPE attempts to stabilize in a wide consolidation zone characterized by high volatility, Pepecoin is currently trading at a market price of $0.00000317 (representing a 24-hour change of +15.33%).
Retracement has gripped price action since the substantial price increase earlier in the week, in a move that saw PEPE top out at a local high of $0.00000363.
Now trading at a -12.4% retracement, PEPE price is attempting to establish a lower support level at $0.00000310, with a lower support level also contributing to the structure down at $0.00000266.
But while volatility is dominating the attempted consolidation, PEPE price still remains high in the trading channel, at a +100% divergence above the 20 DMA (a key moving average, which while ascendant; remains at $0.0000016).
This could imply a need to retrace further in order to increase the health of Pepecoin’s technical structure and avoid PEPE price becoming over-extended.
Glancing at PEPE’s indicators, this is a view backed by the RSI, which remains severely overheated at 80, highlighting a need for a deeper retracement move to allow price action to cool off.
A declining MACD also reflects this sentiment, reflecting a deceleration in rally momentum at 0.0000000022.
Overall, PEPE price analysis depicts the tail-end of a big pump, with price action in a delicate balance as holders attempt to consolidate recent gains.
To the upside, PEPE price is targeting a return to the local high at $0.00000363 (a possible +14.87%).
While downside risk could see PEPE price tumble back down to $0.00000266 (a potential -15.82%).
Consequently, PEPE price analysis reveals a risk: reward ratio of 0.94 on the short-time frame – a bad entry characterized by downside risk.
But while Pepecoin seems to offer a poor opportunity at present, a viral new Solana airdrop campaign could prove to be the perfect alternative.
Unleashing the Power of SMOG Token: A Revolutionary Solana Meme Coin Venture
Amidst the whirlwind of Solana’s meme coin frenzy, with a battle cry that no meme coin can withstand its intensity, SMOG is not just another token—it’s a ticket to the elite ‘The Dragon’s Court,’ a realm where virality is the currency of power.
SMOG Token is setting the stage for an unprecedented viral airdrop campaign in the meme coin world.
$SMOG One #Memecoin To Rule Them All
Buy or stake ERC-20 $SMOG tokens through our website for 42.0% APY.
Tokens staked are locked for 90 days, with rewards withdrawable throughout.
All tokens purchased through the site will be automatically staked.
Link in bio! pic.twitter.com/Y98lZcjuk6
— SMOG (@SMOGToken) February 10, 2024
Through a series of engaging, interactive, and continuous airdrop campaigns, SMOG invites you to a playful yet lucrative engagement within the crypto realm.
Holding SMOG is your gateway to earning airdrop points, with the allure of mystery shrouding the upcoming rewards and campaign specifics, stirring a wave of anticipation.
Join the Elite: The Dragon’s Court Awaits You
As a holder of SMOG, you’re not just investing; you’re becoming part of a community set to redefine virality and airdrop engagement.
With 50% of the token supply dedicated to marketing and 35% allocated for future airdrop rewards, SMOG is poised for an explosive entry into the market, aiming to outshine its predecessors with a robust start and a promise of substantial community bounties.
The journey with SMOG is fraught with milestones and achievements waiting to be unlocked – the introduction of a staking feature, the buzz around potential burn mechanisms, and the planning of multiple airdrop events sketch a future rich with opportunity.
Moreover, the quest to amass over 10,000 ‘Loyal Chosen‘ members offers an exclusive chance to deepen your engagement with SMOG, earning enhanced rewards and solidifying your status within this dynamic community.
Your Gateway to the SMOG Realm: How To Get Involved With The SMOG Airdrop?
Ready to dive into the SMOG adventure? Arm yourself with a Solana-compatible wallet like Phantom and exchange your SOL, USDT, or BONK tokens for SMOG through platforms like Jupiter DEX aggregator or Birdeye.
Elevate your experience by engaging with the community on Zealy, completing tasks that enhance your chances of becoming one of the ‘Loyal Chosen’ and maximizing your airdrop benefits.
Join the vibrant SMOG community on X (Twitter), Discord, and Telegram to keep abreast of the latest developments, updates, and strategies.
Delve into the Lite Paper for a deeper understanding of SMOG’s vision and roadmap, and prepare to be part of a movement set to ignite the crypto world.
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