Memecoin Competition: Pepe and Pi Coin are definitely on the road to new ATHs
- Pi Coin’s course is more stable, but has less dynamics, while pepes volatility is risky, but offers the chance of a high rash upwards.
- Both tokens are aiming for new ATHs by May, but uncertain market conditions and weak indicators make the time and strength of an outbreak difficult to assess.
The cryptoma market shows signs of slow recovery after the latest macroeconomic shocks. The constant increase in Bitcoin in the direction of $ 80,000 has contributed to lifting the general mood, with global cryptoma market capital increasing by 1.7 % to $ 2.62 trillion.
In the upswing, attention is paid to two outstanding tokens, Pi Coin (PI) and the Meme favorites Pepe (Pepe), both of whom have experienced a drop in prices from their all-time highs. Changes to the market volume In conjunction with unclear technical indicators, discussions have triggered the investment value of its earlier maximum value.
Over the last day, Pi Coin has dropped by 0.96% and its price is $ 0.5750. However, it has dropped by $ 3, and his trading volume in one day is now $ 186,000,000, which is almost 59 % less than the previous position. At the moment, this token is in 18th place in the market capitalization, with a market capitalization of $ 3,930,479,543 and a fully watered rating of $ 57,497,884.422 and 6.84 billion tokens.
Pepe experienced larger price fluctuations in different periods every day. Pi’s opening course was over Pepe during the first session, but a downward movement led to a price drop of 4 %. After the short -term recovery of the market at 6:00 a.m. UTC on April 8, the courses of the two values began to distinguish themselves significantly. The value of PI increases due to its bearish market pattern, which occurs at the same time as the price drop of Pepe.
Technical indicators show divergent momentum
The technical indicators of Pepe show a declining outlook. The MACD is now declining and indicates increased sales pressure, as the position of the MACD line and the signal line shows, the MACD line is at -0,0000000033, while the signal is -0,00000023. In exceptional cases, the relative strength index is 39.43 and is waiting to go into overhang, even though it is not yet in this condition. However, the market remains susceptible to short -term purchases because buyers are unable to keep a course above the RSI of 50.
The Pi Coin is also located in a neutral area with a slightly declining tendency. The MacD line is currently very close to the signal line, and the histogram shows no significant movement. The RSI is around 45.95 and therefore slightly below the middle, which means that the market is still unpredictable. In the previous month there was an increased purchase pressure in the first half of the month, which immediately disappears again and shows a small intensity on the part of the bulls.
Which asset creates the outbreak?
Historically, Pepe is 77 % away from its maximum, and Pi has also dropped by more than 80 %. Coincodex’s forecasts assume that both could reach an all -time high by May 1, 2021, with Pepe rating $ 0.00002809 and PI at $ 3.08. If this is the case, the result would be 339 % or 422 %.
However, expectations regarding the long -term creation of jobs depend on macroeconomic factors and short -term performance figures that are rather questionable. Pepe can have a high volatility that can turn into positive or negative within a lash, while PI will remain analytical due to its higher level of entry. They remain idle because the market decides which of them will grow.
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