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The Koma Inu price surged 28% in the last 24 hours to trade at $0.07828 as of 6:41 a.m. EST as investors go long on the meme coin.
With the strong 24-hour performance, the KOMA price is up more than 685% over the last 7 days as well.
Koma Inu Price Escapes A Negative Channel
4-hour chart for KOMA/USD (Source: GeckoTerminal)
The Koma Inu price broke out of a descending channel in the last few hours. Now, the meme coin is attempting to flip the resistance level at $0.08239 into support. Breaking above this technical barrier in the coming 12 hours could give KOMA the necessary space to continue climbing in the short term. Traders might then try to push the Koma Inu price up to $0.09605.
On the other hand, KOMA failing to establish a position above the $0.08239 mark within the next 12 hours could invalidate the bullish thesis. In this alternative scenario, the Koma Inu price might end up testing the closest support level at $0.06872. Continued sell pressure should the meme coin fall to this price point could lead to it plunging to as low as $0.05556.
Technicals Suggest The Koma Inu Price Might Keep Climbing
Technical indicators on the meme coin’s 4-hour chart suggest the Koma Inu price has the necessary backing from buyers to continue rising through the course of the next trading day. Along with Exponential Moving Averages (EMAs) showing bullish signs, the Moving Average Convergence Divergence (MACD) indicator also suggests KOMA will rise in the short term.
In the last few hours, the 9 EMA line has started to break away above the longer 20 EMA line. Traders usually interpret this growing gap between the two momentum indicators as a sign that buyers have control of a crypto’s price. What’s more, the rising 9 EMA is also acting as technical support for the Koma Inu price.
Meanwhile, a major bullish technical flag is on the verge of being triggered by the MACD indicator on the 4-hour chart. In the last couple of hours, the MACD line has started to rise towards the MACD Signal line. If these two lines cross soon, it could be an indication that the Koma Inu price has entered a positive cycle.
As technical indicators flash bullish for the Koma Inu price, investors are FOMO buying into a layer-2 meme coin called Pepe Unchained (PEPU) as the project gears up for multiple tier-1 exchange listings.
A Supercharged Pepe About To Take The Meme Coin Space By Storm
Pepe Unchained (PEPU) is a layer-2 project that aims to elevate the Pepe brand to new heights in the crypto market. To achieve this, Pepe Unchained will take control of the Pepe brand and migrate it to a dedicated blockchain network. Not only will this lead to lower transaction costs, it will also unlock a 100-fold increase in network speeds for the meme’s loyal followers.
This enhanced transactional experience will be accessible through the project’s PEPU token, which will also power the rapidly-growing Pepe Unchained ecosystem. The project is already gaining momentum in the Web3 space following the unveiling of Pepe Unchained’s own meme coin launchpad. With this token creation engine, the project will compete directly with Pump.fun.
Additionally, the team launched a developer grant program to accelerate the development of cutting-edge applications on the Pepe Unchained network by providing approved teams with the necessary funding.
The project’s layer-2 capabilities, meme coin launchpad and the upcoming development of decentralized applications adds to Pepe Unchained’s intrinsic value and could lead to speculative gains for PEPU holders.
Popular crypto YouTuber Jacob Bury echoed a similar sentiment, and told his more than 44.4K subscribers in a recent video that Pepe Unchained could be “huge” after its launch.
Anticipation Of A Binance Or Coinbase Listing Grows As PEPU’s Launch Nears
Pepe Unchained’s team announced that multiple tier-1 crypto exchange listings are lined up for the meme coin’s launch, which is less than 24 days away. This places the Pepe Unchained launch date at around Dec. 13, 2024.
Pepe's Braindalion is always the envy of the town. 🧠🐸 pic.twitter.com/Rldlc0QnIK
— Pepe Unchained (@pepe_unchained) November 16, 2024
Speculation that PEPU will get listed on either Binance or Coinbase or both is starting to grow. Pepe Unchained scoring a listing on just one of these exchanges could lead to a surge in PEPU’s price, similar to the one seen with PEPE last week after it was added to Coinbase and Robinhood.
Investors who want to get in on the project before its launch can do so through the simple buy widget embedded on Pepe Unchained’s website. Selling for $0.012895, PEPU can be bought with either ETH, USDT, BNB or bank card.
Purchase PEPU before its exchange listings here.
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