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The First Neiro On Ethereum price surged over 18% in the last 24 hours to trade at $0.001722 as of 11:30 p.m. EST.
Following the strong performance during the last trading session, the NEIRO price is now in the green by more than 47% on the weekly time frame.
First Neiro On Ethereum Price Overcomes A Technical Obstacle
4-hour chart for NEIRO/USD (Source: GeckoTerminal)
The First Neiro On Ethereum price was able to break above the resistance level at $0.001476 in the last 24 hours, and is now attempting to establish a position above this major mark. Should NEIRO close the next 2 4-hour candles above this point, the meme coin could have the foundation needed to possibly climb to as high as $0.002060 in the next 24 hours.
However, the First Neiro On Ethereum price dipping below the recently-breached $0.001476 price point within the next 8 hours might prevent the bullish move from happening. Traders could end up panicking in this alternative scenario, which could lead to a wave of sell pressure. NEIRO might subsequently fall to $0.000830 in the short term.
Buyers Still In Control Of The First Neiro On Ethereum Price
From a technical perspective, indicators on NEIRO’s 4-hour chart suggest the meme coin’s price will continue rising through the course of the next trading day. Both the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD) are showing bullish signs.
In the last couple of hours, the MACD line has risen away above the MACD Signal line. Traders generally see this as an indication that a crypto is in a positive trend and its bullish momentum is picking up steam.
Complementing the MACD indicator is the RSI value in the mid 80s. Although high RSI readings are often seen as a sell signal, it is not unusual for the indicator’s values to remain high during periods when a crypto is pumping. The slight positive slope of the RSI also suggests that buyers show no signs of easing their pressure on NEIRO’s price just yet.
As NEIRO tries to keep its bullish momentum alive, layer-2 competitor Pepe Unchained (PEPU) has blasted past a massive $18 million raised in its parabolic presale.
Giving PEPE Its Biggest Upgrade To Date
The OG PEPE meme coin has climbed the crypto ranks to become one of the biggest meme coins by market cap. However, the lack of fundamental developments puts the token at risk of erasing all of its hard work and being replaced by a newer crypto.
Pepe Unchained (PEPU) will prevent this from happening by giving PEPE its biggest upgrade yet. Through its native layer-2 chain, Pepe Unchained will free the popular frog-themed token from the congested Ethereum network.
The project will also enhance the transactional experience for PEPE holders, who have had to put up with high fees and slow processing times due to the increasing number of tokens that are all fighting for Ethereum’s computational resources.
By shifting PEPE off of Ethereum, Pepe Unchained will enable a 100-fold increase in the meme coin’s transaction speeds. What’s more, PEPE backers will be able to send and receive crypto at a fraction of the cost using PEPU.
Once Pepe Unchained has made PEPE more scalable, the project plans on opening its blockchain up to the rest of the meme coin sector. This will essentially make Pepe Unchained’s layer-2 network a launchpad for the next generation of meme coins that will usher the lighthearted sector of the crypto market into a more scalable era.
Popular YouTuber ClayBro told his 130k subscribers that PEPU ”could explode” after launch.
Investors Keep Pouring Capital Into PEPU’s Presale
Pepe Unchained has surged past $18 million in funds raised in one of the most successful presales of the year.
The strong momentum comes as investors bet big on the project’s future, and could also have to do with the 121% APY on offer to buyers at this early stage.
Anyone who purchases and stakes PEPU during its ICO will be eligible for these rewards. To unlock access to these passive rewards, investors will first need to buy PEPU using the widget embedded on its website. Selling for $0.00994, PEPU can be bought with either ETH, USDT, BNB or bank card.
How you doin'? 😜
Pepe Unchained is looking hot right now. And we're just warming up. 🔥 pic.twitter.com/vELEE1sY41
— Pepe Unchained (@pepe_unchained) October 6, 2024
Once purchased, the final step is to lock the tokens up using the staking page on Pepe Unchained’s website for investors to start earning.
Potential buyers who want to lock in the best rate should hurry because PEPU’s price will increase in less than 2 days.
Purchase and stake PEPU for the 121% APY here before its price increases.
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