Pepecoin (PEPE) has experienced a challenging week in the cryptocurrency market, with a series of downside movements causing a 13% decrease since Sunday. The technical structure of PEPE has been struggling under the weight of local resistance from the 20DMA since July 16. Currently, Pepecoin is trading at $0.00000123, with a 24-hour change of -1.6%. This prolonged resistance and downward trend over the past nine days have created a sense of fear and anxiety among PEPE investors. Previous instances of losing support from the 20DMA have resulted in price action being restricted for more than a month, highlighting the substantial downside risk associated with the current situation. Although PEPE’s trendlines are showing a bearish pendant pattern, there is some hope to be found in the indicators. The RSI has cooled off significantly, indicating an oversold signal at 34.53. This suggests that the downward moves may soon come to an end, potentially paving the way for an upward push. However, the MACD is still displaying minor bearish divergence, with -0.000000003 signaling a possible continuation of the downtrend in the short-term. With limited upside potential due to resistance from the 20DMA and lower support at $0.0000009 on the downside, Pepecoin faces a challenging risk-reward profile, with a ratio of 0.88.
Shibie: The Meme Coin Redefining the Space
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The Uniqueness of Shibie
What sets Shibie apart is its enchanting fusion of two cultural icons – the Shiba Inu and Barbie, creating an irresistible charm that captures the imagination. This playful combination of whimsy and glamour, embodied in a single token, is guaranteed to captivate audiences and push boundaries just as Barbie shattered the 15-year-old box office record. The Shibie team is dedicated to fostering a diverse and inclusive community, allocating 20% of the $SHIBIE token supply to DEX liquidity and 10% to centralized exchange (CEX) liquidity. This strategy ensures seamless trading conditions from the token’s initial launch and broadens the reach of $SHIBIE. With an ambitious marketing campaign in the works, Shibie is positioning itself to make a splash across various media platforms, making it the talk of the town.
Don’t miss out on the opportunity to be part of the Shibie revolution. Act swiftly to invest in the presale and make your mark in the meme coin vertical. The potential for Shibie to make headlines is immense, thanks to a strong focus on liquidity and clever marketing strategies. As the Shiba Inu and Barbie come together in this groundbreaking token, the crypto space will witness a fusion like never before. The time is now to buy SHIBIE and become part of the Shibie phenomenon.
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