Pepe

Sponge

SPONGE

Convergence

Polygon

<p><span style="font-weight: 400;">The Pepe price </span><a href="https://coinmarketcap.com/currencies/pepe/" rel="noopener noreferrer nofollow"><span style="font-weight: 400;">pumped</span></a><span style="font-weight: 400;"> more than 268% in the past week and 12% in the past 24 hours to trade at $0.000007641 as of 2:15 a.m. EST as the meme coin star continues to soar.</span></p>
<h2 id="span-style-font-weight-400-the-pepe-price-drops-below-a-positive-trend-line-span"><span style="font-weight: 400;">The Pepe Price Drops Below A Positive Trend Line</span></h2>
<p><img decoding="async" src="https://s3.tradingview.com/snapshots/8/8JRfbHDq.png" alt="BINANCE:PEPEUSDT Chart Image by StevenWalgenbach"></p>
<p><span style="font-weight: 400;">4-hour chart for PEPE/USDT (Source: </span><a href="https://www.tradingview.com/x/8JRfbHDq/" rel="noopener noreferrer nofollow"><span style="font-weight: 400;">TradingView</span></a><span style="font-weight: 400;">)</span></p>
<p><span style="font-weight: 400;">The </span><a href="https://insidebitcoins.com/news/pepe-price-prediction-pepe-soars-238-in-a-week-to-hit-new-ath-but-experts-say-this-under-the-radar-ico-is-the-best-crypto-to-buy-now-before-the-bitcoin-halving" rel="noopener noreferrer nofollow"><span style="font-weight: 400;">Pepe</span></a><span style="font-weight: 400;"> price managed to break out above the consolidation channel between $0.00000395 and $0.00000515 over the past 24 hours. It then printed a series of higher highs and higher lows on its 4-hour chart, which led to the formation of a short-term positive trend line. Recently, however, the crypto dropped below this trend line.</span></p>
<p><span style="font-weight: 400;">Should bears manage to keep the Pepe price below this level, it may enter into a brief sideways channel. If history repeats, the meme coin could then enter into another leg up similar to what it did with the aforementioned consolidation channel between $0.00000395 and $0.00000515.&nbsp;</span></p>
<p><span style="font-weight: 400;">A sudden wave of profit-taking by traders could lead to a brief pullback in the Pepe price. In this more bearish scenario, the crypto may drop to the $0.00000515 support level. Continued sell pressure could then lead to the altcoin falling below $0.00000395 and potentially retesting the subsequent support level at $0.00000271.</span></p>
<p><span style="font-weight: 400;">This bearish thesis may be invalidated if the Pepe price is able to close a 4-hour candle above the positive trend line in the coming 12 hours. The </span><a href="https://insidebitcoins.com/news/meme-coins-go-ballistic-led-by-sector-titans-pepe-doge-shib-and-bonk" rel="noopener noreferrer nofollow"><span style="font-weight: 400;">meme coin</span></a><span style="font-weight: 400;"> could then continue climbing to new heights in the following 48 hours.</span></p>
<h2 id="span-style-font-weight-400-technicals-hint-at-a-potential-pullback-for-the-pepe-price-span"><span style="font-weight: 400;">Technicals Hint At A Potential Pullback For The Pepe Price</span></h2>
<p><span style="font-weight: 400;">Technical indicators on </span><a href="https://insidebitcoins.com/news/pepe-price-prediction-pepe-soars-to-new-all-time-high-after-61-pump-as-this-new-solana-meme-coin-soars-121-in-a-month-new-bonk" rel="noopener noreferrer nofollow"><span style="font-weight: 400;">PEPE’s</span></a><span style="font-weight: 400;"> 4-hour chart suggest the Pepe price may undergo a correction in the short term. Both the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) show the meme coin’s bullish momentum has stalled.</span></p>
<p><span style="font-weight: 400;">The MACD line is still positioned bullishly above the MACD Signal line. However, the gradient of the MACD histogram has leveled off. This may be an early sign of the Pepe price entering into a short-term bearish cycle.&nbsp;</span></p>
<p><span style="font-weight: 400;">The RSI line is also positioned above its Simple Moving Average (SMA) line, signaling that buyers have the upper hand against sellers on PEPE’s 4-hour chart. Traders will want to keep an eye on this indicator as the gap between the RSI and SMA lines is narrowing, which may lead to a bearish shift in momentum for the Pepe price if the two lines intersect.</span></p>
<p><span style="font-weight: 400;">As the Pepe price attempts to continue its bullish streak, experts are saying that </span><a href="https://insidebitcoins.com/visit/sponge" rel="noopener noreferrer nofollow"><span style="font-weight: 400;">Sponge V2</span></a><span style="font-weight: 400;"> may, like predecessor Sponge V1 last year, explode 100X after launch.&nbsp;</span></p>
<h2 id="span-style-font-weight-400-the-launch-of-a-bigger-better-version-span"><span style="font-weight: 400;">The Launch Of A Bigger, Better Version</span></h2>
<p><span style="font-weight: 400;">Sponge V2 marks the next iteration of the SPONGE token, which achieved 100x growth during the 2023 bear market. Investors who missed last year’s opportunity now have a second chance through the launch of the latest version of the meme coin.</span></p>
<p><iframe title="Sponge V2 Meme Coin NEWS (Next 10x Potential Crypto?!) | 10X MEME COIN?!" width="640" height="360" src="https://www.youtube.com/embed/UTY5NR4EDlM?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe></p>
<p><span style="font-weight: 400;">The SPONGE team intends to build on the token’s prior success, and has introduced several changes to the viral meme coin’s ecosystem. Apart from lining up several major exchange listings, Sponge V2 will include a play-to-earn racer game which will come in both a paid and free version.&nbsp;</span></p>
<p><span style="font-weight: 400;">In the paid version, players will need to use Sponge V2 tokens as credits for in-game assets and activities, while also standing the chance to win rewards paid in the meme coin.&nbsp; This not only allows the crypto to expand into the booming blockchain gaming sector, it also introduces a level of utility into the ecosystem, making it more appealing.</span></p>
<h2 id="span-style-font-weight-400-investors-react-positively-to-sponge-s-polygon-migration-span"><span style="font-weight: 400;">Investors React Positively To SPONGE’s Polygon Migration</span></h2>
<p><span style="font-weight: 400;">The project’s team responded to a recent security incident by fast-tracking the token’s migration to the highly-scalable Polygon blockchain. This strategic move exposes the meme coin to a wider investment pool, and also brings down transaction costs for anyone transacting within the Sponge V2 ecosystem.&nbsp;</span></p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr">📣 Attention, <a href="https://twitter.com/hashtag/SPONGERS?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#SPONGERS</a>!</p>
 <p>Here is some important information to remember about <a href="https://twitter.com/search?q=%24SPONGE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$SPONGE</a> V2!<a href="https://twitter.com/search?q=%24SPONGE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$SPONGE</a> V1 has officially been discontinued, and V2 has been launched on <a href="https://twitter.com/hashtag/Polygon?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Polygon</a>! 🔥</p>
 <p>Learn more about the token details below 👇<a href="https://t.co/TCdxgXx40w" rel="noopener noreferrer nofollow">https://t.co/TCdxgXx40w</a></p>
 <p>🧵1/3 <a href="https://t.co/YZzXOlKmHY" rel="noopener noreferrer nofollow">pic.twitter.com/YZzXOlKmHY</a></p>
 <p>— $SPONGE (@spongeoneth) <a href="https://twitter.com/spongeoneth/status/1754826966048657421?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">February 6, 2024</a></p>
</blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p><span style="font-weight: 400;">Investors have reacted positively to the migration, as more than $15.8 million has been staked on the project’s official website. Interested investors should act soon because there are rumors Sponge V2 will be listed on major exchanges imminently.</span></p>
<p><span style="font-weight: 400;">SPONGE V2 can be purchased </span><a href="https://insidebitcoins.com/visit/sponge" rel="noopener noreferrer nofollow"><span style="font-weight: 400;">here</span></a><span style="font-weight: 400;">.</span></p>
<h3 id="span-style-font-weight-400-related-articles-span"><span style="font-weight: 400;">Related Articles:</span></h3>
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