Pepe Price Plunges 7% As Investors Turn To This AI Meme Coin

The Pepe price plunged over 7% in the last 24 hours to trade at $0.00001223 as of 9:56 p.m. EST as investors decrease their exposure to the meme coin.

This recent drop in the PEPE price is part of a longer-term bearish trend that has seen the altcoin’s value plummet more than 22% in the last week. Its monthly performance also stands over 32% in the red.

Pepe Price Trying To Reclaim Support

4-hour chart for PEPE/USD (Source: GeckoTerminal)

The Pepe price is trying to reclaim the support of the $0.00001224 mark after dropping below the level in the last couple of hours. If the meme coin fails to close a 4-hour candle above this price point within the next 8 hours, it could stand the risk of continuing the negative trend it has been in over the last few days. Traders might subsequently push PEPE down to $0.00001084.

On the other hand, the Pepe price reclaiming the $0.00001224 support soon could lead to a bullish reversal of the meme coin’s negative trend. In this alternative case, the crypto might end up attempting a challenge at the $0.00001419 barrier. Overcoming this technical obstacle could then lead to PEPE rising to as high as $0.00001649 in the short term.

Pepe Price Showing Early Bullish Technical Signs On The 4-Hour Chart

From a technical perspective, indicators on the crypto’s 4-hour chart suggest the Pepe price might start to climb in the coming few hours. Both the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) are starting to show early bullish signs.

The MACD line is currently positioned below the MACD Signal line, and has been for the last couple of days. This suggests PEPE is in a bearish cycle. However, the gap between the two technical indicators is beginning to shrink, with the MACD line rising towards the MACD Signal line. Should the two lines cross, it could indicate that the Pepe price has entered a bullish trend.

Meanwhile, RSI readings have started to rise in the last couple of hours. This was after the indicator dipped into oversold territory below 30, which suggests the crypto has more upside potential than downside potential. Traders seem to have reacted to this, and have started accumulating PEPE with the positive slope of the RSI line pointing to increasing buyer strength.

As PEPE tries to reverse its bullish trend, investors continue to buy into a new meme coin rival by the name of MIND of Pepe (MIND), which is in the presale stage and has raised more than $4.2 million in early stage funding so far. According to 99Bitcoins, a popular crypto YouTube channel with over 721k subscribers, MIND has the potential to skyrocket 20X after its launch.

The First AI Project To Leverage A Major Meme Coin Brand

Pepe the Frog has inspired the creation of several cryptos in recent years. PEPE, the first crypto to base its branding off of the meme, has climbed the crypto ranks to become one of the largest meme coins by market cap. 

More recently, Pepe Unchained (PEPU) and Wall Street Pepe (WEPE) have also integrated the frog character into their branding, and have raised millions of dollars collectively to be amongst the best performing ICOs in recent months. Now, MIND of Pepe is looking to capitalize on the hype around frog-tokens, and is the first AI project to leverage a major meme coin brand.

At the core of the project is a self-learning sovereign AI agent that plugs into social platforms like X to try and identify emerging crypto market trends through hive-mind analysis. After identifying a developing trend that could lead to profitable trade opportunities, the agent shares its insights with the project’s community via token-gated groups.

In addition to watching the crypto space for new trends, the AI agent is also able to control the narrative by interacting with influencers and members of the digital asset community online.

MIND Of Pepe Presale Charges Towards $5 Million

To get in on the AI agent’s insights, investors and traders simply need to buy MIND. The meme coin is currently selling for $0.0032144 and can be purchased with either ETH, USDT, BNB or bank card.

A buying frenzy has already erupted around the new token, with its presale now charging towards the $5 million milestone. A potential reason for the high levels of interest could be the attractive staking initiative offered to presale investors. Anyone that buys and locks up their tokens now will gain access to a 527% APY.

To unlock these rewards, MIND investors just need to navigate to the staking page on the project’s website and put their tokens to work.

Buy and stake MIND here before a scheduled ICO price increase in less than 24 hours.

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