The meme coin market has been ablaze with activity, and two major contenders, Pepecoin (PEPE) and the emerging Mpeppe (MPEPE), are in the spotlight. While PEPE faces significant price challenges, Mpeppe (MPEPE) is rapidly gaining attention as a potential gains machine, positioning itself as a strong contender in the meme coin space.
Pepecoin (PEPE)’s Struggles Continue
Despite its initial explosive growth earlier in 2024, Pepecoin (PEPE) has struggled to maintain momentum. Over the past week, Pepecoin (PEPE) saw a 13% decline, dropping to $0.0000067. This marks another red candle for the meme coin, which has been in a bearish pattern since August.
The latest analysis from BeInCrypto suggests that Pepecoin (PEPE) is trading in a bearish head-and-shoulders pattern, which could exacerbate its downward trend. However, there are signs that the coin may be oversold. The Money Flow Index (MFI) shows that Pepecoin (PEPE) is deep into oversold territory with a reading of 13.40. This indicates that a ..
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 Takes On New PEPE Rival Known As The New Gains Machine){kind=link}