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The Mumu The Bull price has soared 45% in the last 24 hours to trade at $0.00005849 as of 7 a.m. EST on a 378% surge in trading volume to $12 million.
Mumu The Bull Price Spikes In A Bullish Momentum
The MUMU/USD pair on the 4-hour timeframe shows a significant bullish momentum developing after a period of consolidation. The price has bounced from a support zone around 0.00003750, initiating a sharp rise that has broken above key resistance levels, including the 50-period and 200-period moving averages.
MUMUUSD Analysis Source: Dextools.io
The crossing of the 50-period moving average (blue line) below the 200-period moving average (green line) initially signaled a bearish trend. However, the recent upward spike has caused the price to surge past the 200 MA, suggesting a shift toward a more bullish outlook.
Mumu The Bull Price May Face A Downturn Soon
The parabolic curve formed after the price moved out of the consolidation zone indicates rapid upward momentum. This steep curve often reflects aggressive buying, and the price has already reached a high of 0.00005543. The chart also hints at a further uptrend, implying that the bullish movement might continue in the short term.
The MACD indicator reinforces this bullish sentiment, with the blue MACD line crossing above the orange signal line, along with expanding positive histogram bars. This indicates increasing bullish momentum. The gap between the MACD and signal lines continues to widen, which is another strong bullish signal.
However, traders should take caution as the RSI currently stands at 80.35, indicating overbought conditions. While this indicates a strong buying pressure for the Mumu The Bull rice, it also shows the possibility of a short-term correction or consolidation before the price continues its upward movement.
PEPU ICO Closes On $15 Million: Best Meme Coin To Buy Now?
While the Mumu The Bull price may encounter uncertainty regarding its potential uptrend, the new Layer 2 meme coin Pepe Unchained (PEPU) continues to gain momentum in its presale, having raised over $14.7 million.
Popular YouTuber Cilinix Crypto, with more than 69.9k subscribers, says PEPU has the potential to surge 10X once it launches
The Pepe Unchained project is gaining momentum due to its evolving features and ambitious roadmap, which includes the development of a dedicated blockchain for meme coins.
While it still embraces the iconic ‘Pepe the Frog’ theme, Pepe Unchained differentiates itself from other meme coins through its forward-looking vision.
One of the project’s standout features is the planned launch of its own layer-2 blockchain. Built on Ethereum, Pepe Unchained aims to deliver ultra-fast transactions, drastically reduced fees, and provide higher transaction volumes than traditional blockchains.
According to the project’s whitepaper, Pepe Chain will be 100 times faster than Ethereum.
14M
Riding the L2 wave! Big thanks to the community for the continued support! We are growing so fast! pic.twitter.com/EjlPQLZxjm
— Pepe Unchained (@pepe_unchained) September 20, 2024
Pepe Unchained has recently introduced an initiative called “Pepe Frens With Benefits” that’s designed to encourage developer involvement. This program offers grants to developers building projects on its new chain.
Developers are invited to submit their ideas and grant applications, which will be evaluated by the Pepe Council, and the selected projects will receive funding.
Investors can also stake PEPU tokens, which have an annual percentage yield (APY) of 142%.
With less than 6 hours remaining before the next price increase, those interested in purchasing PEPU, currently priced at $0.00983, are encouraged to act quickly.
To participate in the presale, visit the project’s official website, connect your wallet, and buy $PEPU using ETH, USDT, BNB, or a bank card.
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