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The Pepe price skyrocketed 66% in the last week despite dropping by a fraction of a percent in the last 24 hours to trade at $0.00002104 as of 11:28 p.m. EST on trading volume that dropped 4% to $5.4 billion.
Pepe Price Gearing Up For Another Bullish Run
The Pepe price market shows a strong bullish trend in the short term, evidenced by a significant spike in price and volume. The breakout above key resistance levels, followed by a parabolic move, confirms bullish momentum.
Support around the $0.000010 level allowed the bulls to push the price of Pepe through a sustained bullish run, according to data from GeckoTerminal.
PEPE has now crossed above both the 50-day and 200-day Simple Moving Averages (SMAs), which shows that the asset is on a positive trajectory.
The Relative Strength Index (RSI) is in the overbought zone, currently at 75, which signals that the asset may be overextended in the short term. While this does not necessarily mean a reversal is imminent, it suggests the potential for a pullback or consolidation as buying pressure cools off.
Moreover, the Moving Average Convergence Divergence (MACD) is also positive, as the blue MACD line crosses above the orange signal line, representing a bullish crossover.
If the momentum continues, the Pepe price could soar even further, targeting $0.000030 in the short term.
Overbought RSI and parabolic price movement suggest that a correction or sideways consolidation may follow soon. In such a scenario, the level around the 50-day SMA ($0.00001130) could act as the next support zone.
Meanwhile, as the Pepe price aims for another surge, the Pepe Unchained (PEPU) presale is another token on a tear after blasting past $35.6 million in funds raised.
YouTube channel 99Bitcoins, with over 706K subscribers, says it has the potential to turn $1k into $10k after launch.
Pepe Unchained Garners Over $35.6 Million – Last Chance To Buy Before Its Tier-1 Exchange Listings
Pepe Unchained is the newest meme coin capturing widespread attention, already making waves with over $35.6 million raised in its presale phase as it hurtles towards the $40 million milestone.
Funds are pouring into the project at an accelerating rate, which puts Pepe Unchained on course to amass more than $50 million before it lists.
The team has put a timer on the presale, which now shows that the Pepe Unchained presale will end in about 25 days with listings thereafter on tier 1 exchanges.
We’ve been approached by several Tier 1 exchanges interested in $PEPU.
While this is an exciting opportunity that will boost visibility and liquidity, it also requires careful planning to ensure the best possible launch.
— Pepe Unchained (@pepe_unchained) September 18, 2024
Pepe Unchained stands apart from typical meme offerings.
As a Layer 2 blockchain, the project offers faster and more cost-effective transactions for Pepe ownership, positioning itself as a strong contender against its predecessor, Pepe ($PEPE), with ambitions to become the top frog-themed meme coin in the market.
The idea behind the project is that it will liberate Pepe from the limitations of his old, cumbersome Layer 1 server on Ethereum. Pepe Unchained comes with a proprietary Layer 2 blockchain, promising a more efficient and scalable solution with lightning fast speeds and low costs.
Are you coming with? There are more chains to break just around the corner. ⛓
Pepe's got your back. 🐸💚 pic.twitter.com/mDPOaCIA47
— Pepe Unchained (@pepe_unchained) November 15, 2024
The development team has ambitious goals, and recently unveiled Pepe’s Pump Pad, a meme coin launchpad that will take on Solana’s Pump.fun.
Token holders can also earn passively through the platform’s staking system, which offers an annual percentage yield (APY) of 78%.
You can buy $PEPU tokens for $0.012891 each.
To join the most successful presale of the year, buy $PEPU from the official website here using ETH, USDT, or a bank card.
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