Pepe Price Tumbles 17%, But Is Evil Pepe Coin Set to Explode?

The price of the leading meme coin Pepe ($PEPE) fell nearly 4% yesterday – sending the coin’s value down 17% over the past five days.

The pullback means that the surprise gains made last Thursday have all but been erased, with the bulls now in control.

However, Pepe’s depression does not mitigate the surrounding hype evil pep coin ($ evil)which just launched an eagerly awaited pre-sale event for early investors.

PEPE prices fall because price rejection creates problems

Currently, $PEPE is trading at around $0.00000155 per token, showing a decline in 3 out of the past 5 days.

This bearish momentum followed the US dollar’s rejection of the $0.00000190 resistance area last Friday – an area that was strongly rejected two weeks ago.

The price is now trapped in a large range between $0.00000143 and $0.00000190, as the bulls are losing control of the token’s price movements.

A break above the nearby resistance area will be crucial for PEPE to regain bullish momentum in the near term – but this seems unlikely based on the events of the past week.

More dampening enthusiasm for $PEPE’s return is that the price has fallen below the 20-day and 50-day exponential moving averages on the daily chart.

This indicates a weak trend and raises concerns about the possibility of further downward pressure.

Pepe’s positive momentum is short-lived as the bears regain control

Given the recent wave of bearish momentum, it appears that last Thursday’s pump was only temporary and nothing more.

The reason for the price hike was Ripple’s huge win in its ongoing legal battle with the Securities and Exchange Commission — a victory that sent cryptocurrency prices skyrocketing across the board.

Unfortunately, $PEPE’s technicals suggest that the pump was not sustainable, as the token failed to sustain its upward trajectory.

according to CoinMarketCapOver the past 24 hours, PEPE’s trading volume in US dollars has decreased by 10%, while the total number of “whale” owners has decreased slightly.

These metrics reflect the waning interest in $PEPE, further contributing to the downside.

Thus, for $PEPE to make a comeback, it would require a significant positive catalyst, such as announcing a new partnership or presenting unique use cases.

Unfortunately, no such catalyst has occurred yet – leaving $PEPE’s potential return on shaky ground in the short term.

What new meme symbols look ready for the price pump?

While $PEPE falters, a new meme symbol emerges that could be poised for massive gains.

Evil Pepe Coin, which just launched a pre-sale, puts a rebellious twist on the typical meme coin formula – one that could resonate in today’s market.

Evil Pepe Coin launches presale and seeks to dominate the memecoin market

evil pep coin ($ evil) is a brand new project that seeks to dethrone $PEPE and leave its mark on the meme coin space.

Having just launched public pre-sale, Evil Pepe Coin is offering a ground floor opportunity for meme coin lovers to purchase at an attractive price of just $0.000333.

The Evil Pepe Coin team describes the coin as “unapologetic and bold” — capitalizing on the strong brand and rebellious spirit that help it stand out in the saturated crypto market.

The timing of $EVILPEPE’s release couldn’t be better, as it seems set to absorb interest from frustrated PEPE owners looking for the next hot meme coin.

Early members of Evil Pepe Coin Telegram community We believe that if the coin can capture a fraction of the $PEPE hype, massive gains could be made once it makes its debut on the open market.

Another factor playing into the growing hype around $EVILPEPE is that 90% of the total token supply is reserved for investors before selling.

Furthermore, 10% of the token supply will be used for liquidity on the DME – with the liquidity pool locked in for one month after the coin’s initial offering.

This helps ensure that investors avoid the “rug pull” that has become so common in the meme coin space.

With YouTube Analyst Jacob Burre already prognosis That $EVILPEPE could be the “next Pepe coin”, all eyes are on this nascent token as the pre-sale begins in earnest.

Visit Evil Pepe Coin Presale

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