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The Luna By Virtuals price has soared 260% in the last 24 hours to trade at $0.1578 as of 8 p.m. EST on a 1,302% pump in trading volume to $51 million.
Luna By Virtuals Price Rebounds After A Short Correction
The LUNA/USD trading pair on the 30-minute chart shows significant bullish momentum, with the current price at $0.1575 and a gain of 6.45%. The recent price surge has formed a parabolic curve, a pattern often associated with rapid price growth but also potential volatility.
According to data from GeckoTerminal, LUNA indicates a strong uptrend supported by a parabolic curve, suggesting that buying interest has increased sharply, pushing the price higher.
The 50-period moving average (SMA) is currently at $0.09266, and the 200-period moving average (SMA) is at $0.05854, both below the current price. This separation reflects strong bullish momentum, as the price is well above both moving averages.
LUNAUSD Analysis Source: Dextools.io
A price rebound is visible after a brief consolidation, indicating that buyers are likely defending this support area, which could maintain the upward momentum.
The Moving Average Convergence Divergence (MACD) shows a bullish signal, with the MACD line (blue) above the signal line (orange), although the histogram bars are decreasing slightly, hinting at possible slowing momentum in the short term.
The Relative Strength Index (RSI 14) is at 58.85, suggesting that the asset is not yet overbought and still has room to move higher. The RSI has climbed steadily from lower levels, confirming the strength of the current uptrend. However, it is approaching overbought territory, which may signal caution for Luna By Virtuals price buyers.
LUNA/USD is showing a strong bullish trend, with prices supported by a parabolic curve and above both the 50 and 200 MA. If the price can hold the $0.1575 level and continue to rebound, there may be potential for further upside. However, a failure to maintain this level could lead to a correction, especially given the rapid rise seen on the chart.
Pepe Unchained Presale Eyes $23 Million: The Next Crypto To Explode?
As the Luna By Virtuals price soars, the new PEPE derivative Pepe Unchained (PEPU) has blasted past $22.5 million in funds raised in its presale, which is among the most successful of the year.
ClayBro, an analyst and Youtuber with over 130k subscribers, says PEPU could lead the meme coin super cycle after it launches.
Pepe Unchained is a Layer 2 meme coin that aims to ”unchain” the OG Pepe from the heavily congested Ethereum network and bring it into the modern era.
By launching its own blockchain, Pepe Unchained promises much faster transaction speeds than Ethereum while significantly reducing network fees through its dedicated sidechain.
Pepe Unchained also plans to open its platform to other meme coins. That is one key reason why the team has launched a developer grant program called “Frens with Benefits,” which gives approved developers the opportunity to build apps on the Pepe Unchained network.
DEX, Bridge, L2, Block Explorer. And that's not even Pepe's final form.
Lock In🚀 pic.twitter.com/KJYnXcMnCK
— Pepe Unchained (@pepe_unchained) October 25, 2024
In the meantime, PEPU holders can stake their tokens for an annual return of 102%.
You can join the presale by buying PEPU tokens for $0.01178 using ETH, USDT, BNB, or a bank card. The price will increase in slightly more than 1 day, so don’t wait too long to lock in the lowest rate.
Buy PEPU tokens on the official website here.
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