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The Phil price surged 27% in the last 24 hours to trade at $0.04078 as of 9:35 p.m. EST on trading volume that skyrocketed 112% to $15 million.
Phil Price On A Sustained Bullish Trend
According to the PHIL/USD chart analysis on GeckoTerminal, the Phil price has recently experienced a parabolic upward movement, which often signals continued buying interest.
The earlier flat and quiet price action within the $0.0170 support, marked by a rectangle in yellow, was a period of accumulation, which has now broken out into a major price rally.
PHIL now trades above both the 50-day and 200-day Simple Moving Averages (SMAs), a confirmation of the upward trajectory. The 50-day SMA has also crossed above the 200-day SMA, forming a golden cross around $0.019, further supporting the bullish sentiment.
The Relative Strength Index (RSI) is currently at 77.49, which places it in the overbought territory (above 70). This suggests that while the price is in a strong upward trend, it may be due for a correction or at least some consolidation. Overbought conditions indicate that buyers may be exhausted and a potential pullback could be near, although RSI can remain overbought for extended periods during strong trends.
Furthermore, the Moving Average Convergence MACD line (blue) is above the signal line (orange), which is a bullish sign. Moreover, the histogram shows increasing positive momentum, confirming the strength of this recent uptrend.
PHILUSD Chart Analysis (Source: GeckoTerminal)
Phil Price Prediction
The Phil price analysis shows a sustained bullish trend on the 4-hour timeframe, with major indicators supporting more bullish movements. If the bulls keep pushing the price, PHIL could soar even more as the bulls target the next resistance at $0.0550.
However, an overbought RSI shows that the price of Phil is now overvalued, which could be a selling signal for the bears. In this scenario, the Phil price could still go through a correction back to the $0.0209 support zone.
Meanwhile, investors are also piling into Pepe Unchained (PEPU), probably the most successful presale this year after raising almost $21 million.
According to ClayBro, a prominent crypto analyst on YouTube with over 130K subscribers, $PEPU has the potential to soar 20X after its launch.
Pepe Unchained Raises Over $20.9 Million – Best Crypto To Buy Now?
As its name suggests, Pepe Unchained aims to free the OG Pepe (PEPE) meme coin from his old, clunky, Layer-1 server room on Ethereum. That’s why its home will be its own proprietary Ethereum Layer 2 blockchain.
This specialized layer-2 blockchain is designed for meme coins and promises transaction speeds up to 100 times faster than Ethereum with lower gas fees and greater scalability.
It’s essential that we equip developers with all the necessary tools—comprehensive guides and financial support—to build outstanding dApps.
In Q4, we’ll officially open grant applications for developers looking to build on Pepe L2.
This is your chance to help shape the future…
— Pepe Unchained (@pepe_unchained) September 18, 2024
The Pepe Unchained ecosystem is actively evolving with new features like a decentralized exchange, bridging solutions, and staking rewards, all aimed at boosting its visibility and functionality.
Who needs some Brain Powder?
Pepe is gearing up for the official launch of his very own blockchain! 🚀 pic.twitter.com/kZC72UmxFy
— Pepe Unchained (@pepe_unchained) June 20, 2024
Token holders can also earn passively through the platform’s staking system, which offers an annual percentage yield (APY) of 107%.
You can buy $PEPU tokens for $0.0112 each. With a price hike coming in less than 2 days, this is a good time to lock in the best deal.
To join the presale, buy $PEPU from the official website here using ETH, USDT, or a bank card.
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