Is PEPE About to Collapse? The price drops 5% in 24 hours, yet investors are still interested in this new cryptocurrency project

Investors are turning their focus to the next generation of meme currencies after Pepecoin had a recent slump, with the PEPE price handing out -5% in 24-hour, while the market as a whole struggles with volatility.

Here we'll take a look at the current state of Pepecoin's value as well as another PEPE investment option that's being touted as one of the most exciting meme coin debuts of Q3 2024.


Many PEPE investors are looking forward to a robust breakout rally in September 2024, even if the daily chart shows a traditionally bearish falling wedge formation.

As the price of Pepecoin (PEPE) is falling, it has changed hands 24 hours ago for $0.00000837, a loss of 1.76%.

The technological structure has been disabled since August 25, and this comes alongside localized suppression from the descendant 20DMA, which is now standing at $0.00000840.

The PEPE price is now attempting to break below its historical support level at about $0.00000830. Many in the PEPE community are expecting a short-term rebound, as the wedge formation seen on the daily chart in the previous Tweet suggests.


Moving on to the Relative Strength Index (RSI), we can see that there is an oversold divergence; the indicator is now reading 37, which is a positive signal.

This provides further evidence that a localized bounce is likely to occur in the near future. But this still depends on breaking over the $0.00001 resistance level.

This may dampen Pepecoin's short-term returns, but it doesn't mean the Pepe ecosystem isn't ripe with opportunity for huge gains right now; investor focus is moving to Pepe Unchained.

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