Pepe price has plunged in the past few months as the crypto market remained under pressure. It has dropped by over 63% from its highest point since December. Pepe Coin dropped by over 35% from the year-to-date high, and is hovering at its lowest swing since July 9.
Pepe Price Technical Analysis
The daily chart shows that the Pepe Coin price has crashed in the past few days. It moved from a high of $0.00001465, its highest point on July 22nd, as the momentum waned.
Pepe price has now moved below the 50-day Exponential Moving Average (EMA), a sign that bears are in control. On the positive side, the coin has bottomed at $0.000010, a notable level as aligned with the ascending trendline that connects the lowest swings since March 11.
Falling to that support level is notable because it has always rebounded whenever it fell to that price. For example, the token bounced back by 70% when it moved to that support in June this year.
Therefore, the Pepe price could rebound in the coming weeks. If this happens, the next point to watch will be at $0.00001465, its highest point on July 22nd, which is about 42% above the current level.
On the flip side, a drop below the ascending trendline will invalidate the bullish Pepe price forecast and point to more downside. If this happens, the key target to watch will be at $0.000080, down by 22% below the current level.
Pepe price chart | Source: TradingView
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Bitcoin Penguins: The $0.00116 Token Aiming for $2
Bitcoin Penguins (BPENGU), a new breakout token, has gone viral and become one of the most successful stories of the year. Launched on Monday last week, it has already raised close to $2 million, making it one of the fastest-growing token sales in the crypto industry.
Bitcoin Penguins token was trading at $0.00116 on Monday, up by 16% from the current level. Its final price before the token-generation event (TGE) of $0.00198 is up by about 70% above the current level.
Most notably, the developers believe that it will jump to $2 by November, a 172,313% from the current level. Such a move will make it one of the biggest cryptocurrencies in the market.
Bitcoin Penguins is a community token, with the community receiving about 55% of the presale tokens. The rest of the tokens will go towards staking rewards, liquidity to exchanges, giveaways, and the Penguin Charity Fund.
Unlike many token sales, Bitcoin Penguin’s team and advisors will only receive a 3% share of the tokens, making it fully decentralized. Most importantly, the insider shares of the tokens will not be big enough to move the price.
So, can BPENGU jump to $2 after its airdrop in September? While the 172,300% surge is a big one, it is worth noting that some other tokens have experienced such huge gains in the past.
For example, at its peak in 2024, the PEPE price was up by 12,627% from its all-time low. Pudgy Penguins jumped by over 1,113% between April and July, while Dogecoin has jumped by over 18,000% since its inception.
As such, while a 172,300% surge is a stretch, historical data shows that gains worth over 1,000% are possible in crypto. Hurry up and buy Bitcoin Pengu here.
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