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The Pepe price jumped 9% in the last 24 hours to trade at $0.000009462 as of 9:06 p.m. EST on trading volume that rose 3% to $1.9 billion.
Pepe Price On A Continued Bullish Trend Reversal
According to data from GeckoTerminal, the Pepe price surged in mid-September, as the bulls seem to have won the struggle for dominance from the $0.0000080. After soaring to the $0.00001163 resistance, the price of Pepe then corrected back to the $0.000008411 support, forming what seems to be a rounding top pattern.
The bulls use this support level to stage a bullish trend reversal from the recent correction.
PEPE now trades above the 200-day Simple Moving Average (SMA), which shows that the token may still be on a long-term bullish stance. The 50-day SMA now acts as the immediate resistance at $0.000010253.
The Relative Strength Index (RSI) is moving towards the 50-midline level, currently at 48, which shows that buyers are actively buying.
Moreover, the Moving Average Convergence Divergence (MACD) now soars towards the neutral line, showing that the price of Pepe is currently on positive momentum.
If this momentum is sustained, the Pepe price could soar, as the bulls currently target $0.000012.
However, if the bears gain control of the price at this level, the price of Pepe could plunge back to the $0.000008265 (200-day SMA).
As the Pepe price continues its upward trajectory, investors are also piling into the latest Pepe-themed presale sensation Pepe Unchained (PEPU).
According to 99Bitcoins, a YouTube channel with over 706K subscribers, this new meme coin could potentially surge by 100X following its launch.
Pepe Unchained Presale Blasts Past $17.5 Million
The Pepe Unchained presale is hurtling towards $18 million as investors buy into the idea of Pepe Unchained freeing the OG PEPE from its old, clunky, layer-1 blockchain on Ethereum.
PEPU comes with its own, proprietary layer-2 blockchain and aims to take PEPE-themed meme coins into the modern era with a network capable of lightning speeds, greater transaction efficiency, scalability, and lower costs.
Pepe is gathering his power from the beautiful glowing green computer screens.
All of the world's knowledge, culminating in the launch of his L2. pic.twitter.com/f6pVnY6cLv
— Pepe Unchained (@pepe_unchained) October 4, 2024
Adding to its appeal, token holders can take advantage of a staking system that offers a 129% annual percentage yield (APY).
Whale investors have taken note, with the latest purchase on Sept. 27, when a major investor bought 5.2 million $PEPU worth about $51,000, helping push Pepe Unchained‘s presale past the $16 million milestone.
This was the second whale transaction last month, following a purchase on Sept. 9 that was worth about $56,000.
Currently, $PEPU tokens are priced at $0.00992 each. With a price adjustment due in about 1 day, investors should buy now to secure the best deal.
If you don’t want to miss out on this presale, you can buy $PEPU through the official website here using ETH, USDT, or a bank card.
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