PEPE Price Pumps 30%, But Which Meme Coin is Best to Invest In Now?

The PEPE price pumped over 30% last week, pushing the token's value above the $0.00001 level.

The PEPE price surged over 30% last week, sparking interest among traders. But which meme coin is the best to invest in right now? Here's a closer look at PEPE and another promising meme coin, Panda World.

The PEPE price pumped last week, rising from around $0.00007 on Monday to a high of $0.00009 on Friday, a gain of over 30%. The token then pulled back slightly to close the week at around $0.00008.

Looking at PEPE's chart, we can see some interesting developments. The token recently broke out of a downward channel pattern, also surpassing both the $0.0000091 resistance level and its 200-day moving average at $0.0000093. This breakout signals a potential resumption of the uptrend.

However, it's worth noting that the price has now reached a new resistance level at $0.0000113. With the Relative Strength Index (RSI) pushing above 70, indicating overbought conditions, we might see some profit-taking in the near term.

For those considering an entry, a pullback to around $0.000093 could present a buying opportunity, with a potential upside of about 15% to the $0.0000113 resistance level. As always, it's crucial to manage risk and set appropriate price alerts.

The short-term trend for PEPE appears strongly bullish, with the medium-term trend also pointing upwards. However, the long-term trend remains bearish, suggesting caution for long-term investors.

Momentum indicators show a bullish signal, with the MACD line crossing above the MACD signal line. In terms of support and resistance, the nearest support zones are at $0.0000091 and $0.0000078, while the closest resistance levels lie at $0.0000113 and $0.000013.

Best Meme Coins to Buy Now: Spotlight on Panda World

Besides PEPE, there are other meme coins that could be worth keeping an eye on. One such project is Panda World, a unique combination of gaming and blockchain technology.

Panda World offers a turn-based RPG experience where players can go on quests, collect cards, and build teams to progress through various stages. The focus on strategic combat and character growth makes the game interesting for both casual and dedicated gamers.

What makes Panda World special is the integration of a casino platform. By using blockchain technology, the casino ensures fairness and transparency in all transactions. This feature allows players to enjoy various games while benefiting from the security provided by smart contracts.

The project's ecosystem is fueled by the $PADW token, which acts as the main currency within Panda World. The distribution of the token is as follows:

It's important to note that Panda World is currently in its presale phase. Investors who are interested can only buy tokens through the official presale website. At the moment, the project has raised nearly $120,000, indicating strong interest from the crypto community.

Follow us on X (Twitter), CoinMarketCap and Binance Square for more daily crypto updates.

Get all our future calls by joining our FREE Telegram group.