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The Hege price surged over 86% in the last 24 hours to trade at $0.01102 as of 6:32 a.m. EST as investors rush to buy the crypto.
With this recent meteoric rise, the HEGE price is up more than 128% in the past week.
The Hege Price Breaks Above A Major Resistance
4-hour chart for HEGE/USD (Source: GeckoTerminal)
The Hege price was able to break above the major resistance level at $0.01045 and attempted to do the same with the subsequent threshold at $0.01223.
However, sellers were able to stop the altcoin from overcoming the second technical barrier. The crypto has now entered a temporary consolidation between $0.01045 and $0.01223.
Should traders identify HEGE’s current price as a buy opportunity soon, the altcoin could attempt another challenge at the $0.01223 resistance.
Overcoming this mark might then give the crypto the foundation needed to climb to as high as $0.01434 in the short term.
On the other hand, traders deciding to take profit could result in the Hege price dropping back below the aforementioned $0.01045 price point.
Thereafter, continued sell pressure might put the crypto at risk of plunging to the next technical safety net at $0.00899.
Technicals Suggest The Hege Price Is Losing Some Of Its Bullish Strength
From a technical perspective, indicators on the altcoin’s 4-hour chart warn the Hege price could drop in the coming 24 hours.
More specifically, both the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) show that the crypto is losing some of its bullish strength.
Over the past couple of hours, RSI readings have dropped. Traders usually see this as a sign of buyers losing their strength against sellers.
What’s more, the RSI currently stands at 88. This high reading might be seen as a sell signal because it suggests the crypto’s downside potential is greater than its upside potential.
Meanwhile, the MACD line has also started to level off above the MACD Signal line. This might be an early sign of HEGE’s bullish trend coming to an end.
An intersection between these two technical indicators in the next 24 hours could signal that the crypto has entered a short-term negative trend.
While the Hege price loses some of its bullish momentum, investors continue to pour capital into the presale for layer-2 meme coin Pepe Unchained (PEPU), which has moved to within a whisker of $10 million in its presale.
PEPU Unlocks PEPE’s Full Potential
Up until now, the popular frog-themed PEPE has been held back by the congested Ethereum network. As more tokens enter the Ethereum ecosystem at a rapid pace, Ethereum’s scalability issues are starting to show. This has resulted in slow transaction times and high network fees.
To help the PEPE meme transcend the current limitations of the Ethereum network, Pepe Unchained (PEPU) will move PEPE onto its own layer-2 network.
By taking the meme’s transaction processing off of the main Ethereum chain, Pepe Unchained will give investors access to a much cheaper and substantially faster PEPE through PEPU.
Bridging technology will, however, still make it possible for investors to seamlessly shift their value between the Ethereum and Pepe Unchained blockchains.
This simultaneously gives token holders the ability to transact with the peace of mind that stems from Ethereum’s robust security while also enjoying the lightning-quick speeds of the Pepe Unchained network.
The dual benefit is why renowned crypto YouTuber ClayBro, with more than 130k subscribers, said the token is ”extremely bullish” even with the crypto market in a slump.
Closing On $10 Million
Pepe Unchained has been a hit with investors during its ongoing ICO phase, which has seen the project raise over $9.9 million already.
A potential driving force behind this investor frenzy could be the 201% APY on offer to investors who stake PEPU at this early stage. Anyone can get in on these rewards.
The Way of Pepe: Breaking chains, making gains! pic.twitter.com/j8w3C2HfE6
— Pepe Unchained (@pepe_unchained) August 21, 2024
To get started, investors will need to acquire the token via the simple buy widget embedded on the project’s website.
Selling for $0.0092364, the meme coin can be bought using either ETH, USDT, BNB, or a bank card. Once purchased, the tokens will need to be locked up through the staking page on the website.
Investors should act fast if they want to get the meme coin at the best rate because its price is set to increase in less than 2 days. It will also increase in subsequent stages of the project’s presale.
Purchase and stake PEPU for the 201% APY here before its price increases.
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