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The Dog (RUNES) price has surged 28% in the last 24 hours to trade at $0.005079 as of 7:20 a.m. EST on a 153% jump in trading volume to $23 million.
This price surge has positioned DOG as the top gainer among the top 100 meme coins by market capitalization, according to CoinMarketCap.
Dog (RUNES) Price Bulls Continue The Uptrend
The Dog (RUNES) price on the 4-hour timeframe is currently trading at $0.005194, reflecting an increase of 11.84%. The price action forms a rounded bottom pattern, which is a bullish reversal signal indicating a shift from a downtrend to an uptrend.
After a period of consolidation, the price has broken through the neckline resistance level around $0.004400, confirming the potential start of an upward move.
DOGUSD Analysis Source: Tradingview
The 200-period Simple Moving Average (SMA), marked in blue at around $0.003131, acts as a significant long-term support level, while the 50-period SMA, represented by the green line at $0.003814, provides nearer-term support. Both these moving averages suggest that momentum is on the side of the bulls as the price holds well above them.
The RSI (Relative Strength Index), currently at 76.52, signals that the asset is in overbought territory, which could lead to some consolidation or a pullback in the short term. Typically, an RSI above 70 warns that buying pressure may be excessive, and a brief correction might occur before the Dog(RUNES) Price continues its upward trajectory.
Dog (Runes) Price: A Bullish Outlook
The breakout from the rounded bottom pattern indicates a bullish outlook, with a potential next target around $0.006000 if the price continues to rally. However, if the bullish momentum stalls, the price might retrace to the neckline at $0.004400 or to the 50 SMA at $0.003814 to find support.
Despite the strong upward potential, the overbought RSI may indicate a short-term correction before further upward movement.
Pepe Unchained Presale Targets $20 Million
As the Dog (RUNES) price continues to surge, its layer-2 meme coin rival Pepe Unchained (PEPU) has rocketed past $18.7 million in funds raised in its presale.
The 99 Bitcoins YouTube channel, with more than 706k subscribers, says $PEPU could see a 10X surge after it launches.
The Pepe Unchained project has bold ambitions, with its primary focus on launching a specialized Layer 2 blockchain called Pepe Chain. This blockchain will provide fast and secure transactions, featuring a dedicated block explorer to boost its overall functionality.
According to the project’s white paper, Pepe Chain is designed specifically for meme coins and is projected to be up to 100 times faster than Ethereum. It also will be much cheaper and more scalable.
But the benefits of Pepe Unchained’s L2 solution go beyond that. The platform will include an array of tools, such as a block explorer for tracking transactions, a decentralized exchange (DEX) for easy token swaps, an instant bridge to Ethereum, and advanced analytics for deeper insights.
And with that, Pepe Unchained reaches $18.5M raised.
The community is STRONG. The tech is STRONG. And we're gaining new ground everyday. 💪 pic.twitter.com/kEzq8lVIge
— Pepe Unchained (@pepe_unchained) October 10, 2024
PEPU Launches ”Frens with Benefits” Program
The project is launching its ”Frens with Benefits” program this quarter to help attract blockchain developers by offering grants and rewards on the new L2 chain.
This initiative is designed to help cultivate a dynamic ecosystem of decentralized applications (DApps) on the network from the outset.
$PEPU tokens cost $0.00996 right now and investors can also stake them for an annual return of 117%.
If you are interest to join one of the most successful presales of the year, buy $PEPU before a price hike in less than 36 hours.
Buy PEPU tokens on the official website here using $ETH, $USDT, $BNB, or bank cards.
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