Pepe Price Prediction: PEPE Plunges 17% Amid Crypto Crash As This New VR/AR ICO Rockets Towards $2M

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The Pepe price has plunged 17% in the past 24 hours to trade at $0.000007162 as of 7:20 p.m. EST on a 20% drop in trading volume to $1.54 billion.

Pepe had been on a gradual uptrend, reaching a new all-time high (ATH) on March 14, but has succumbed to a meme coin sector selloff.

Pepe Price Consolidates Into A Bullish Pennant

Pepe price

PEPEUSDT Analysis by Tradingview

The Pepe price has consolidated into a bullish pennant following a sharp surge above the prolonged consolidation channel. The pennant indicates a bullish trend continuation for the Pepe price.

Pepe is currently on a downtrend within the pennant as the bulls encountered resistance at $0.00001086, which is also the new all-time high for the Pepe price, allowing the bears to apply downward pressure, driving the price towards the support level for Pepe Coin at $0.0000066.

The price has also slid below the 50 simple moving average on the 4-hour chart as the bulls try to keep the price above the 200 SMA, which now acts as immediate resistance for the Pepe price.

The relative strength index (RSI) signals a reversal on the oversold level of 30 at 36. Increased momentum should see the RSI return to the overbought level past the 50 midline level, indicating intense buying pressure. 

Pepe Price Bullish Pennant Signals A Rebound

Despite the rejection at the new all-time high of $0.00001086, the bullish pennant signals a reversal that might see the price catapult into another bull rally. If this scenario continues, the bulls may drive the price higher, targeting a new all-time high above the $0.00001086 resistance level.

However, the bears might continue correction, forcing the price to the lower boundary of the pennant at $0.00000661. A breach below this level could see the bulls retreat to the $0.00000389 support zone.

Meanwhile, the new presale 5thScape is rocketing towards its $2.5 million goal, with $1.45 million already in the bag.

5SCAPE: A Promising Alternative To Buy Now

5thScape is the first-ever VR/AR mixed-reality crypto platform, and it aims to connect the “the smartest minds together.”

The team has committed to developing several VR games that are compatible with widely used headsets like Oculus Rift and Meta Quest 3, something that’s crucial for it to maximize market penetration.

A Thriving Opportunity In Staking And P2E Gaming

Gamers can explore the future of gaming with 5th Scape by engaging in Web3 games via its play-to-earn feature, while also earning passive income.

The initial game lineup includes MMA Cage Contest, Immersive Kickoff, Thrust Hunter, and Archery Master.

Investors will be able to stake 5SCAPE to earn rewards and unlock additional features. The staking pool will be funded in part by player subscriptions and participation in virtual experiences. As more players join, the liquidity pool of the ecosystem will grow to provide attractive annual percentage yield from staking activities.

Crypto analyst and YouTuber Michael Wrubel is bullish on the project, which he says might be the next Sandbox and do a 100X to 200X after launch.

5SCAPE tokens are priced at $0.00215 right now. Interested investors should buy soon because in slightly more than 6 days the price will rise 15% to $0.00248.

To participate in the presale, you can exchange your ETH, MATIC, USDT, or BNB for 5SCAPE tokens using a compatible digital wallet on the official website. You can also use your bank card to make direct purchases.

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