The Pepe price has pumped 8% in the past 24 hours to trade at $0.0000009623 as of 8:40 a.m. EST on trading volume that surged 168% to $241 million.

The Pepe Price Poised For Bull Rally Above The Falling Wedge Pattern

PEPEUSDT Analysis by Tradingview

The PEPE price has broken above the falling wedge pattern, which signals a bullish trend reversal.  The support level for Pepe at $0.00000060  established a base for positive momentum, allowing the bulls to propel the price upward, reaching $0.00000180 resistance. 

The bears discontinued the momentum, forcing the price downwards and eating into the profits made by the bulls. However, the support zone at $0.00000089 has given the bulls new strength to fly the price past the upper boundary of the wedge, confirming the anticipated bull rally.

The technical indicators are all bullish as the bulls have pushed the price past the 50-day and 200-day simple moving averages(SMAs), which now act as immediate resistance for the Pepe price.

The relative strength index (RSI) trades upwards at 63, rebounding from the 50 midline level and approaching the overbought zone, indicating intense buying pressure. A further push in the bullish momentum could see the RSI surge into the 70 overbought level.

The Pepe Price Bulls Target $0.00000206 Above the Wedge

The Pepe price is generally bullish as Investors look to the formed falling wedge pattern, anticipating a bull rally. With support from the RSI and SMAs technical indicators, the bulls may drive the price higher, targeting $0.00000206 and aiming to surpass the previous high at $0.00000192.

However, bears could intervene to apply down pressure on the price, forcing the bulls to retreat to the support zone at $0.00000863.

As Pepe traders gear up to increase their positions, investors are eyeing Smog for investment opportunities as it challenges the supremacy of meme coin titans BONK, WIF, and MYRO on Solana. Smog has already burst into the top 20 ranking of all meme coins with a market that’s surged to $51 million. 

New 100x Solana Memecoin Unveils The Biggest Airdrop Ever

SMOG, the new memecoin on the Solana blockchain, is rapidly gaining traction and reaching unprecedented heights as analysts hail it as the next big thing among Solana meme tokens. 

It’s aim to become the top meme token is clear from its slogan, “One meme coin to rule them all.”

One #Memecoin to rule them all! 🚀

Get ready for the greatest #Airdrop in history, distributed on #Solana. 💰

Join #SMOG on Zealy! 🔥

Link in Bio 🔗 pic.twitter.com/vsn4p5cSF4

— SMOG (@SMOGToken) February 8, 2024

To help achieve this plan, SMOG promises an imminent airdrop, dubbed ‘the greatest in history.’ The SMOG team is allocating 35% of the total 1.4 billion Smog token supply for this monumental event. If you missed Jupiter’s $700 million airdrop on Solana, don’t do it again with SMOG.

Get 10% Off On SMOG Purchase, Qualify For Historic Airdrop

To be eligible for this airdrop, you must buy and hold Smog tokens in your wallets. It’s best to buy directly on the Smog website, where you are entitled to a 10% discount.

Additionally, you can complete tasks on Zealy and collect XP points for the airdrop. Currently, the Zealy campaign boasts a community of over 10,000 airdrop participants actively participating in various quests, with over 400,000 completed.

Holders of Bonk, Dogwifhat, Myro, and Samoyedcoin memecoins are already receiving the distribution of SMOG tokens via daily airdrops of $1,500. You can also stake Smog tokens to earn an annual percentage yield (APY) of 42%.

$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

YouTube crypto analyst Jacob Bury ranks SMOG among the top 7 altcoins with the potential to 10X after launch and before the Bitcoin halving in April.

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You can buy SMOG on its official website.

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• Source: https://insidebitcoins.com/news/pepe-price-prediction-pepe-pumps-8-but-this-new-meme-coin-star-is-taking-on-bonk-wif-and-myro-on-solana