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The Mother Iggy price surged over 20% in the last 24 hours to trade at $0.04262 as of 7:25 a.m. EST as investors initiate a strong accumulation phase for the celebrity meme coin.
Following this strong 24-hour performance, the crypto has been able to flip its weekly performance back into the green. As a result, the MOTHER price is up more than 9% over the past 7 days.
The Mother Iggy Price Attempting To Break A Major Resistance
4-hour chart for MOTHER/USD (Source: GeckoTerminal)
The Mother Iggy price broke out of a short-term consolidation channel between $0.03453 and $0.03844 in the past 24 hours. Now, the meme coin is attempting to flip the major resistance level at $0.04235 into support. Thereafter, the crypto could have the technical foundation needed to rise to $0.04626 in the following 48 hours.
If MOTHER fails to establish a position above the $0.04235 mark within the next 8 hours, the bullish thesis might be invalidated. In this alternative case, the Mother Iggy price could end up retesting the aforementioned $0.03844 level.
The Mother Iggy Price Losing Its Bullish Strength
Technical indicators on the meme coin’s 4-hour chart suggest the crypto’s bullish momentum has cooled off. More specifically, the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) indicators show that buyers are starting to leave MOTHER’s charts.
In the last couple of hours, the RSI line has started to level off above 70. Traders usually see RSI values above 60 as a sign that a crypto is overbought. As such, the current RSI standing on the 4-hour chart might be taken as a sell signal because the crypto’s downside potential is currently greater than its upside potential.
The MACD line has also stopped breaking away above the MACD Signal line throughout the past few hours. This might be an early warning of the crypto’s positive trend coming to an end. MOTHER could subsequently drop in the coming 24 hours.
As MOTHER attempts to overcome the $0.04235 resistance level, the ICO for layer-2 meme coin Pepe Unchained (PEPU) shows no signs of slowing down as it zooms past $12.6 million in early funding.
Supercharging PEPE Through Cutting-Edge Scaling Technology
Pepe Unchained (PEPU) is on a mission to free the popular PEPE meme coin from the congested Ethereum network. Up until now, holders of the frog-themed token have had to put up with high transaction fees and slow processing times given the high number of tokens that are all fighting for computing space on Ethereum.
Through its own layer-2 network, Pepe Unchained will shift PEPE’s transaction processing workload off of Ethereum. This not only slashes network fees for PEPE lovers, but also grants them access to a token that can be sent and received 100 times faster than any altcoin on the Ethereum network.
Pepe Unchained will also serve as a framework that will usher meme coins into a new era by opening up its computing power to current and future projects in the light-hearted sector of the crypto space.
Its layer-2 capabilities and meme coin appeal has excited experts and analysts. Among those that are bullish on PEPU is popular YouTuber ClayBro, who told his 130K subscribers in a recent video that Pepe Unchained has the potential to lead the meme coin sector.
Investors Rush To Buy PEPU At Presale Prices
An investor frenzy has erupted around Pepe Unchained during its ongoing ICO phase, as investors bet big on the project’s future. In addition to analysts’ and experts’ bullish predictions for the meme coin, there is also an attractive 162% Annual Percentage Yield (APY) being offered to early stage buyers for staking PEPU tokens.
We’ve hit $12.5M!
Pepe Unchained is blazing through milestones 💪🐸 pic.twitter.com/Vtq7R02w0R
— Pepe Unchained (@pepe_unchained) September 9, 2024
To become eligible for these rewards, investors will need to buy and stake PEPU tokens during the meme coin’s ICO. Using the simple buy widget embedded on the project’s website, PEPU can be acquired using either ETH, USDT, BNB or bank card.
The token is currently selling for $0.0096126. However, investors who want to purchase the token at the best possible price will want to act fast because PEPU’s price is set to increase in less than 24 hours, and again in subsequent stages of the presale.
Purchase PEPU on the official website here.
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