Pepe Coin Goes To Zero As PEPE Price Drops 15% And New Meme Coin Evil Pepe Becomes The Next Crypto To Explode -TGN

Leading meme coin $PEPE has seen a dramatic -15% decline so far this week, in a critical downward move that has seen the loss of key support level – can Pepecoin survive? Find out in $PEPE’s price analysis.

Pepecoin ($PEPE) kicked off a wonderful meme coin season in May 2023, when the newcomer to the market posted a seismic gain of +785% in less than a week.

But in the two months since the moon shot on the market, Pepe coin holders have endured a tough period of cascading price action – with top buyers now down -70%, leading some to wonder if the Pepe coin is going to zero?

Pepecoin ($PEPE) Price Analysis: Meme Coin Plunges -15%

After the dramatic -15% downward move since markets opened on Monday, so is Pepecoin currently trading at $0.00000132 (this represents a -1.60% change over the last 24 hours).

Monday witnessed a significant failure of support as technical consolidation failed, causing the price to drop past the local support level at $0.0000014.

The slide was caused by the failure of six consecutive days of consolidation to break high above the falling 20DMA.

Now that this key support level has been lost, Pepecoin finds below some areas of localized support – including the lower trendline at $0.000001167 and additional lower support at $0.0000010.

On the upside, some reasons to be hopeful emerge from Pepecoin’s RSI, which has cooled significantly to a strong oversold signal at 39, indicating that there could be enough bullish interest in the price structure at this level to stop the bleeding.

However, the MACD casts a menacing shadow and continues to show bearish divergence at -0.0000000035.

$PEPE therefore faces a heavy risk: reward profile, with the current ratio at 0.61 – a bad entry characterized by serious downside risk.

Despite the collapsing price action for the top meme coin, traders remain undeterred with growing traction for the leading pepe alternative Evil Pepe now threatening to steal the spotlight.

Best Alternative to Pepecoin: $EVILPEPE steals thunder

Evil Pepe Coin ($EVILPEPE) stands out not just as an imitator, but as an innovator with exponential growth potential as moonshot presale breaks $750,000.

The bold cousin of 2023’s top performing meme coin, Pepe Coin, $EVILPEPE will ride the wave of its predecessor’s success with a twist of its own.

The initial valuation of this promising token is a measly $2 million, presenting a ground floor opportunity for potential investors.

With proven teams behind it that brought us Thug Life Token ($THUG) and SpongeBob ($SPONGE), $EVILPEPE is expected to replicate or even surpass the success of these meme coins that saw gains of up to 100x.

But $EVILPEPE’s prospects don’t rest solely on the team’s pedigree – its marketing approach, leveraging influencer partnerships and strategic promotion across social media and crypto news channels, ensures broad visibility, a vital ingredient for growth in this space.

The success of $THUG and $SPONGE is testament to the effectiveness of this strategy.

How $EVILPEPE Tokenomics Beat $PEPE

In addition, $EVILPEPE’s commitment to the community is reflected in the initial token offering.

With 90% of the supply up for grabs during the presale and a month slot at 10% for DEX liquidity, the coin reassures investors about stability and fairness.

It avoids pump-and-dump pitfalls and inspires confidence in its serious commitment to long-term value generation.

The $EVILPEPE team has an ambitious market capitalization target of $100 million, almost 50x higher than the initial valuation.

This, coupled with the team’s dedication to pushing the boundaries of meme coins, underscores the huge growth potential of this newcomer.

Buy EVILPEPE here

Disclaimer: Crypto is a high risk asset class. This article is for informational purposes only and does not constitute investment advice. You can lose all your capital.