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The Gigachad price soared over 27% in the last 24 hours to trade at $0.03355 as of 7:25 a.m. EST as investors FOMO buy into the altcoin.
With the recent surge, the GIGA price was able to push its weekly performance past 57%.
The Gigachad Price Escapes A Negative Trend
4-hour chart for GIGA/USD (Source: GeckoTerminal)
The Gigachad price breached a short-term negative trend line that has pushed it down over the last couple of days. Bulls then boosted the altcoin’s price to above the resistance level at $0.03072, and are now attempting to elevate GIGA above the $0.03446 mark as well.
A break above the $0.03446 threshold might give the Gigachad price the technical foundation needed to keep climbing in the following 24 hours. However, a rejection from this barrier could stop the altcoin in its tracks. Traders might end up realizing their profits in this alternative scenario, which could push GIGA down to back below the aforementioned trend line.
If the Gigachad price drops to within the descending trend line again, it might stand the risk of losing the $0.02699 support. Continued sell pressure could then lead to GIGA dropping to as low as $0.02326.
Gigachad Price Showing A Lot Of Technical Stregth
Technical indicators on GIGA’s 4-hour chart suggest buyers might keep pushing the crypto’s price higher through the course of the next trading day. Both the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) indicators are showing positive signs.
In the last few hours, the MACD indicator triggered a major bullish technical flag, with the MACD line crossing above the MACD Signal line during this period. Traders generally see this technical event as a sign that a crypto has entered a positive trend. If this is the case for GIGA, the crypto’s price could continue to rise.
RSI readings have also risen throughout the last couple of hours. Currently valued at 66, the RSI on GIGA’s 4-hour chart suggests that buyers are currently still in control. The positive slope of the technical indicator could also be a sign that bulls are growing stronger against bears as well, which could result in a continued increase in the Gigachad price.
As buyers attempt to push GIGA even higher, the seemingly unstoppable ICO of the meme coin Pepe Unchained (PEPU) is sucking in investors during its presale stage with its meme coin appeal, layer-2 capabilities and high staking rewards.
A Supercharged PEPE About To Leap To New Heights In The Crypto Market
PEPE lovers have had their loyalty tested by high transaction fees and slow processing times due to the congested Ethereum network. The situation is only set to worsen as more meme coins flood the market and fight for computing power on the legacy Ethereum mainnet.
Pepe Unchained (PEPU), with its lightning-fast layer-2 network, will give PEPE backers some much needed relief by taking over the frog-themed token’s processing work from Ethereum. Investors will subsequently unlock a 100-fold increase in transaction speeds. They will also be able to send and receive crypto at a fraction of the cost through PEPU.
Once the project has successfully rescued PEPE from the crowded Ethereum network, Pepe Unchained will open its doors to current and future meme coins to essentially become the chain of choice for meme coin developers.
Decentralized applications are also set to make their way onto the Pepe Unchained network soon after the project’s team launched its developer grant program. This move will likely boost the TVL and overall utility of Pepe Unchained’s blockchain.
With its layer-2 capabilities, meme coin focus and the soon-to-be-built decentralized applications, it’s easy to see why YouTuber Austin Hilton told his 275K subscribers that Pepe Unchained is the best presale ever.
PEPU’s Presale Goes Parabolic
More than $17.3 million has been raised through Pepe Unchained’s ongoing presale so far, as investors bet big on the meme coin’s future. A potential reason behind this frenzy, other than the project’s extreme speculative potential, could be the 124% APY on offer to buyers at this ground floor stage.
Pepe is getting ready to break his chains soon! ⛓️🐸 pic.twitter.com/hs5YNHZRKc
— Pepe Unchained (@pepe_unchained) October 3, 2024
Anyone can become eligible for the high staking rewards. To get started, investors will need to buy the token using the simple buy widget embedded on the project’s website.
Selling for $0.00992, PEPU can be bought with ETH, USDT, BNB or bank cards. With a price hike coming in less than two days, buy soon to lock in the best deal.
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