As meme coin fever continues to engulf markets with skyrocketing returns, leading trading platform Dextools has revealed an impressive list of the most trending coins in crypto markets today.
From big players in the space like Pepe Coin, to emerging projects with unrivalled growth potential, do not miss out on the hottest tip list of May 2023.
Pepe is currently trading at $0.0000009, down by 17%, as it fights to reclaim the $0.0000010 level.
The meme coin has experienced a sensational 198% increase since the start of 2023.
Although Pepe has fallen below its 20-day moving average (MA), which has been the backbone of its skyrocket rally, a bounce off the lower trendline could suggest a retest is inbound.
If the 20-day MA flips to support, the next target would be $0.0000014, a 47.5% increase.
The Relative Strength Index (RSI) sits at 41, signaling an oversold market and indicating capacity to push up.
Whereas the Moving Average Convergence Divergence (MACD) shows a minor bearish divergence, which is insignificant at the moment.
However, if Pepe fails to maintain its current level, it could find support at $0.0000065, a 31% decrease.
The Risk-Reward ratio (R:R) of 1.51 suggests a potentially good entry, but the structure remains precarious for a meme coin.
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