The Pepe price pumped over 5% in the last 24 hours to trade at $0.000007776

With the recent gain, the PEPE price is now up more than 14% on the longer-term weekly time frame.

The price of Pepe (PEPE) has started the new week on a positive note as the meme coin saw some buying activity at lower levels.

The Pepe price clocked in at $0.000007776 as of 9:46 p.m EST on Monday evening. This represents an advance of over 5% in the last 24 hours and puts the meme coin on course for a weekly gain of more than 14%.

With the recent gain, the PEPE price is now up on the longer-term weekly time frame.

Pepe Price Forms A Bullish Channel

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

The Pepe price has printed a series of higher highs and higher lows on the 4-hour chart, resulting in the formation of a bullish price channel, according to GeckoTerminal data.

Should the meme coin continue to trade within this positive range, it might try to flip the resistance at $0.000007889 into support. If the bullish pressure persists, PEPE could rise to as high as $0.000008239 in the short term.

However, a rejection from the $0.000007889 barrier or a drop below the lower barrier of the ascending channel might invalidate the bullish thesis. In this alternative scenario, the Pepe price might test the immediate support level at $0.000007518. Breaking through this technical safety net could then expose the crypto to the risk of plunging down to the $0.000007158 support.

Pepe Price Still Showing A lot Of Bullish Technical Strength

From a technical perspective, indicators on PEPE’s 4-hour chart suggest the meme coin’s price might continue to rise. Both the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD) are showing bullish signs.

RSI readings have been on a steady incline over the last few hours, signaling growing buyer strength. With the current reading below the overbought zone, which starts at 70, it seems there is still room for the Pepe price to rise before overextended market conditions. The positive slope of the RSI line also suggests that buyers are still accumulating strength against sellers.

Meanwhile, the MACD line is positioned above the MACD Signal line. Traders usually see this alignment as an indication that an asset is in a bullish phase. With the gap between the two technical indicators now starting to grow, it appears PEPE’s bullish momentum is starting to pick up steam.

As the Pepe price tries to keep climbing, investors are buying into the meme coin for a new AI meme coin hybrid called MIND of Pepe (MIND) for gains. According to 99Bitcoins, a prominent YouTube channel with over 725K subscribers, has highlighted MIND as having the potential to soar 20X after its launch.

The First PEPE-Inspired AI Meme Coin

MIND of Pepe is being touted as the first AI derivative of the major Pepe the Frog brand, aiming to capitalize on the recent hype around frog-themed tokens and forge a unique path in the crypto landscape.

At the heart of the project lies an advanced AI agent that actively seeks out new trends online by plugging directly into social media platforms like X and performing hive-mind analysis to identify emerging narratives.

Once the AI identifies a trend that could lead to profitable trading opportunities—one that the rest of the market hasn’t yet picked up on—it shares its insights with MIND token holders through token-gated groups. This provides an exclusive advantage to those holding the token.

Besides spotting trends, the AI can also influence the market narrative by engaging with influencers and investors to steer the conversation in favor of MIND. It might comment on posts, tag relevant parties, and participate in relevant community discussions.

The AI can launch and hype new tokens before making them known to the public, giving MIND token holders a priority window to invest ahead of any surges in the tokens’ value. It can also identify and invest in promising new projects early on.

MIND Of Pepe Presale Charges Towards $8 MillionGiven the capabilities of its AI and the opportunities it offers, investors are placing big bets on MIND during its presale phase. So far, the AI meme coin has raised over $7.4 million in early-stage funding.

This buying frenzy is likely to continue given the attractive staking program offered to presale investors. Anyone who buys and stakes MIND during its ICO phase will unlock access to a 300% APY.

Interested investors can buy MIND via the widget embedded on the project’s website using either ETH, USDT, BNB or USDC. Selling for $0.003566 apiece, investors looking to get in on the best rate will want to act quickly before the next presale hike in less than 2 days.