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The MAD price surged over 36% in the last 24 hours to trade at $0.00002208 as of 7:08 a.m. EST as investors rush to buy the meme coin.
With this recent gain, MAD is deep in the green by more than 2,600% on the monthly time frame.
The MAD Price Attempting To Overcome Resistance
4-hour chart for MAD/USD (Source: GeckoTerminal)
The MAD price is attempting to flip the resistance level at $0.00002125 into support. A 4-hour candle close above this barrier within the next 12 hours could give the meme coin the foundation needed to potentially rise to as high as $0.00002900 in the short term.
On the other hand, MAD failing to break above $0.00002125 within the next 12 hours could invalidate the bullish thesis. Traders might decide to dump their holdings in the crypto in this alternative scenario. With this potential sell volume, the MAD price could be at risk of falling to the $0.00001314 support.
The MAD Price Showing A Lot Of Technical Strength
From a technical perspective, indicators show MAD is currently in a bullish trend with buyers continuing to accumulate strength against sellers. Both the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD) indicators are showing positive signs.
Throughout the past 24 hours, the MACD line has broken away above the MACD Signal line. This not only suggests MAD is in a bullish trend, but also indicates that the positive momentum shows no signs of slowing down just yet.
Buyers have gained an upper hand against sellers as well, which is evident by the current RSI reading above 50. With the RSI line also sloped positively, it seems bulls are growing stronger against their bearish rivals. This increasing buyer strength might lead to the MAD price overcoming the aforementioned $0.00002125 resistance level in the next few hours.
While MAD attempts to break above a major resistance level, layer-2 meme coin Pepe Unchained (PEPU) is fast-approaching the $9 million with its highly-successful presale.
Elevating PEPE To The Next Level
Pepe Unchained (PEPU), through its own layer-2 blockchain, is on a mission to enhance the popular frog-themed meme coin PEPE. Up until now, the crypto has been held back by the over-populated Ethereum network, which has forced PEPE investors to pay high transaction fees for inadequate processing times.
By taking transaction processing off of the Ethereum mainnet, Pepe Unchained will introduce a new PEPE token that achieves transaction speeds up to 100 times faster than that of any meme coin currently hosted on Ethereum. In addition to these lightning-quick transaction speeds, Pepe Unchained users can also send and receive crypto at a fraction of the cost.
Investors will, however, still be able to seamlessly bridge their crypto between the Ethereum and Pepe Unchained networks, giving them the best of both worlds. While having the peace of mind only made possible through Ethereum’s robust security, investors can simultaneously enjoy ultra fast transaction speeds enabled through Pepe Unchained’s layer-2 chain.
Popular crypto influencer ClayBro told his 130,000 YouTube subscribers in a recent video that Pepe Unchained is the top meme coin on the rise.
Investors Rush To Get PEPU At Presale Prices
An investor frenzy has erupted around Pepe Unchained’s ongoing presale, resulting in more than $8.5 million being raised through the project’s ICO so far. One major reason behind this heightened investor activity could be the 230% APY on offer to presale buyers.
Pepe’s on fire! 🔥 We’ve hit $8.5M!
This journey is only getting more exciting, and we couldn’t have done it without you! pic.twitter.com/4ZsjnrAXAH
— Pepe Unchained (@pepe_unchained) August 13, 2024
To become eligible for these rewards, investors need to purchase and stake PEPU during its ICO phase. The token can be acquired via the simple buy widget embedded on the site using either ETH, USDT, BNB or bank card. Once investors have bought tokens, they will need to lock them up via the staking page on the website for the purchase to qualify for the 230% APY.
PEPU is currently selling for $0.0090539. However, investors will want to act fast if they want to purchase the meme coin at the best rate, because its price is set to increase during the subsequent stages of its ICO. The next price adjustment will take place within the next 48 hours.
Purchase and stake PEPU here for the 230% APY before its price increases.
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