Dogecoin plunges 40% as market sell-off intensifies, Codename:Pepe and SHIB hold strong
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As Dogecoin plunges 40%, Shiba Inu and Codename:Pepe hold strong with promising upside potential.
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The crypto market is in turmoil as Dogecoin (DOGE) faces a significant decrease, losing 40% of its value amid a selling frenzy. While uncertainty looms for this meme coin, others seem to be holding their ground. The spotlight turns to Shiba Inu (SHIB) and an intriguing newcomer, Codename:Pepe, noted for its potential in the current bull market.
Codename:Pepe is making waves as it aims to stand out from fake AI promises in the crypto space. This project hopes to capture attention much like the legendary PEPE. With a community-focused approach, it pledges unique trading insights and gains. The meme coin landscape is buzzing with both challenges and opportunities as these developments unfold.
Codename:Pepe: The next massive meme coin?
In a crypto world filled with AI gimmicks, most projects overpromise and underdeliver. Codename:Pepe is here to expose fake AI trends and introduce real intelligence to the market. By leveraging AI for trend tracking, data analysis, and trading insights, this meme coin goes beyond hype.
Blending the chaos of meme culture with AI, Codename:Pepe stands out. Its mascot — inspired by the iconic Pepe the Frog — gives it viral appeal, while its AI tools provide actual value.
What sets Codename:Pepe apart?
- AI-driven social and on-chain analysis to detect trending projects.
- Insider intelligence for identifying lucrative opportunities.
- AI-powered reports and forecasts for a trading edge.
- Exclusive early signals for high-potential investments.
Codename:Pepe isn’t just about insights — it’s about execution. Its AI-driven trading system will automatically execute trades based on advanced algorithms, creating a potential passive income stream for investors.
AGNT is the fuel behind Codename:Pepe, offering access to:
- A private DAO for portfolio management and strategy voting.
- Premium AI trading tools and exclusive analytics.
- An AI-powered launchpad for discovering and launching new tokens.
Currently priced at $0.006666 in the sixth stage of its 28-stage presale, AGNT is a bargain before it hits $1 per token in the final stage.
Codename:Pepe is fully audited by Pessimistic, a leading blockchain security firm. Built on solid AI technology and strong community backing, this project merges memes and math for long-term growth.
With AI-powered intelligence, automated trading, and viral appeal, Codename:Pepe is making its move toward the high-ranking meme coins.
Dogecoin’s drop may signal a coming upswing
Dogecoin’s price has fallen sharply in recent weeks. Over the last week, the price decreased by 21.16%. In the past month, it dropped by 40.07%. The meme coin is trading between $0.1964 and $0.2602.
Despite the short-term fall, Dogecoin has risen by 104.20% over the last six months. This suggests that the coin still has growth potential. The Relative Strength Index (RSI) is at 25.17. An RSI below 30 indicates that the asset is oversold. This could mean that the price might rise soon.
The nearest support level is at $0.1950. If the price continues to fall, it may reach this level. The nearest resistance level is at $0.2837. If the price starts to rise, it could aim for this target. Moving from the current price to the resistance would be an increase of about 15.5%. If Dogecoin’s price drops to the support level, that would be a decrease of about 13.15% from the current price.
Shiba Inu nears support level
Over the past week, Shiba Inu’s value has dropped by 8.08%. The monthly performance shows an even sharper decrease of 24.49%. Despite these short-term losses, the six-month change is a slight increase of 0.78%, indicating some long-term stability.
Currently, SHIB is trading between $0.00001377 and $0.00001593. This range puts it close to its nearest support level at $0.00001305. The Relative Strength Index (RSI) is at 35.28, approaching the oversold threshold of 30. A low RSI suggests that the selling pressure may be easing, potentially setting the stage for a price rebound.
If a rebound occurs, the immediate target would be the nearest resistance level at $0.00001698. Climbing to this point would represent an increase of about 9% from the current price. Breaking through the resistance could signal a shift in momentum and possibly lead to further gains. However, if the price falls below the support, it could lead to additional declines.
Conclusion
Dogecoin’s recent 40% decline underscores the volatility within the meme coin sector. While coins like SHIB have shown resilience amid the sell-off, their short-term potential appears limited due to prevailing market conditions.
Codename:Pepe stands out by harnessing advanced intelligence to maximize profits. This unique token utilizes artificial intelligence to discover promising meme coins, predict market trends, and deliver exclusive trading signals. With a capped supply and a community-driven approach, Codename:Pepe offers a compelling opportunity for those looking to capitalize on current market dynamics.
To find out more about Codename:Pepe, visit the website, Telegram, or X.
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