This includes a recent well-defended drop-down to test 20DMA support around $0.00015 – possibly triggered by sell pressure from the developer cluster. #PEPE_EXPERT
Further caution comes from the RSI, which is showing some bearish divergence at an oversold 61. However, this contrasts with strong buy pressure in the order book as bulls retain their dominance, with taker buys representing 85% of transactions over the past hour.
While this taker buys pale compared to the potential sell-pressure from the developer cluster, it demonstrates strong retail interest, which, if met with responsible behavior from the developer (i.e., distributing gently into strength), could sustain the current ascendant price trajectory.
Overall, the MINKY price suggests an initially alluring chart structure that survives only due to the present benevolence of a fishy developer. Adjust your risk tolerances accordingly.
Pepe Unchained Is Analyst’s Pick For The Best Meme Coin Buy of September
While MINKY in BASE might offer undue risk, it’s hard to ignore the potential of this emerging PEPE alternative play.
As we look ahead to September, one of the most promising projects emerging in the summer market is Pepe Unchained.
But this project is so much more than a classic frog meme – this is about redoing the now legendary Pepe – but right.
What’s the problem with Pepe? The answer is simple: in an age of high-octane Solana markets – Ethereum is the old chain – it’s slow, it’s expensive, it’s clunky – it’s not cool.
Yet, with PEPE originally launching as an ERC-20 token, this has stifled the development of a true PEPE ecosystem.
Luckily, PEPU is here to change the game – with the launch of a high-speed, low-cost layer-2 bespoke made for meme coin developers to expand on the original token.
In this light, PEPU can be seen as PEPE 2.0 – the same original coin – but better.
So don’t miss out on this near $11M+ skyrocket presale.
