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The Hoppy price has soared 17% in the last 24 hours to trade at $0.0001127 as of 7:20 a.m. EST on a 4.6% surge in trading volume to $9.1 million.
Hoppy Price Breaks Above The Bearish Channel
The Hoppy price is rising, with bulls breaking above the bearish channel. They regained momentum at the $0.00008443 support zone, pushing the price past the channel’s upper trendline and nearly reaching the previous high of $0.0001505, thus recovering their profits.
HOPPYUSDT Analysis (Source: Dextools.io)
The HOPPY price market shows signs of accumulation above the channel, indicating that bullish investors are gearing up to push the price to reclaim the previous high and subsequently achieve new highs.
If HOPPY continues the momentum, it will create a strong technical base, potentially triggering a bull rally. This situation prompts traders to consider opening long positions, anticipating HOPPY’s entry into a new phase of upward price discovery.
Although the price faces resistance below the 50-day simple moving average, it trades above the 200-day SMA, indicating support for the overall bullish sentiment.
The recent MACD blue line crossing above the orange signal line, while below the neutral position, is seen as bullish, signalling a potential reversal to an upward trend. The green histogram bars further indicate robust buying pressure for HOPPY.
The Relative Strength Index remains bullish above the 50 midpoint level. Its upward trajectory suggests favourable conditions without entering overbought territory, supporting a positive outlook for HOPPY’s price.
Hoppy Price Prediction: Can The Bulls Initiate A Rally?
The bullish momentum behind Hoppy’s price suggests a potential upward drive supported by positive technical indicators. An increased moment should help the bulls reclaim the previous high at $0.0002091.
However, there’s optimism for a new all-time high of around $0.0002423. Conversely, the bearish pressure could regain control to retest the pennant’s upper trendline at $0.0001015.
A break below this level might extend the downtrend, targeting the $0.00008390 support zone as bears aim to exert more control over the price.
This New Layer 2.0 Meme Coin Could Explode Soon
Bullish sentiment towards HOPPY is matched by that around a new layer 2 meme coin called Pepe Unchained ($PEPU), which has already raised $3.7 million in its presale.
We’ve hit another milestone! $3.5M raised!
Pepe’s blockchain journey is unstoppable. Thank you for your amazing support. The best is yet to come! 🐸🚀 pic.twitter.com/IPpMBPGg5z
— Pepe Unchained (@pepe_unchained) July 14, 2024
Pepe Unchained aims to match the success of the original PEPE, which is now the third-largest meme coin by market capitalization.
Pepu boasts its own Ethereum Layer 2 blockchain, which has significant advantages, including exceptional speed, scalability, and considerably lower transaction fees. Its transactions are 100 times faster than those of most other Ethereum-based meme coins.
It's time to cross over!
Join us on the other side with Pepe's Layer 2 blockchain. Exciting new adventures await! 🐸🐸 pic.twitter.com/jX7pZDJNYI
— Pepe Unchained (@pepe_unchained) July 15, 2024
Investors can buy and stake PEPU tokens for a 519% Annual Percentage Yield.
Pepu has attracted the attention of influential YouTuber Jacob Bury, who says that Pepe Unchained has the potential to become the next 10x PEPE derivative.
You can buy PEPU directly from the project’s official website for $0.0084598. Act fast, though, because the price will increase in a little more than a day.
BUY PEPU using ETH, USDT, BNB, or a bank card.
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