MIND of Pepe (MIND) Price Surges Ahead of Token Launch as Investors Go Long on the Meme Coin

The Pepe price surged over 8% in the last 24 hours to trade at $0.000007985 as of 10:12 p.m. EST as investors go long on the meme coin.

The price of pepe (CRYPTO:PEPE) was up more than 8% in the last 24 hours on Friday evening as investors went long on the meme coin.

With the recent gain, the pepe token price pushed its weekly performance deeper into the green to more than 9%.

What Happened

The pepe price broke above the next resistance level at $0.000007804 in the last few hours, according to Benzinga Pro.

If the frog-themed token continues to rise in the next 24 hours, it could attempt to breach the next technical barrier at $0.000008189.

However, a sudden selloff due to profit-taking or a change in market trends could result in the pepe token price dropping back below the $0.000007804 mark.

In this more bearish scenario, traders might then start to exert sell pressure on the meme coin’s price. It could subsequently test the $0.000007440 support and potentially drop to as low as $0.000007055.

From a technical standpoint, indicators on the meme coin’s four-hour chart suggest the pepe price might undergo a correction in the next few hours. Both the MACD and the RSI are showing early bearish signs.

The MACD has started to collapse toward the MACD Signal Line. The narrowing gap between the two lines and their current alignment might indicate that pepe’s bullish momentum is starting to cool off. If the MACD Line crosses below the MACD Signal Line, it could confirm that the pepe price has entered a new bearish trend.

As pepe momentum seemingly cools down, buyer power also seems to be decreasing. This is suggested by the recent drop in RSI readings from above 80 to the high 60s. Although the current value above 50 could indicate that buyers still have the upper hand, the negative slope of the RSI Line warns that sellers might continue to chip away at buyers’ grip on pepe.

What’s Next For Pepe

Investors who are looking to add more frog-themed tokens to their portfolio might want to consider Mind of Pepe (CRYPTO:MIND), which is currently in the presale stage.

Several experts are bullish on Mind of Pepe. Among them is Crypto Boy, a popular crypto analyst on YouTube who has over 58.3K subscribers. In a recent video, he said Mind of Pepe has the potential to undergo a 100X price surge after its launch.

Crypto Boy said: “We have pepe tokens, which is a great token. It’s going to pump. But there’s another token that I like even more than pepe. It’s called Mind of Pepe. It’s an AI derivative of the major meme coin brand. So we know pepe is going to go crazy. But what if we could take that and put it into an AI that’s going to find new trends and money-making opportunities, and share them with the community?”