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The Mad price skyrocketed 67% in the last 24 hours to trade at $0.00006226 as of 02:49 a.m. EST on trading volume that soared 98% to $18.5 million, according to CoinGecko.
Mad Price Indicators Show A Sustained Bullish Rally
According to the MAD/USDT chart analysis on the 4-hour timeframe, the Mad price was trading within the $0.000010 range from the beginning of November. However, the bulls seem to have won the struggle for dominance within this consolidation level. This pushed the price of Mad within a parabolic curve, signaling a sustained bullish rally in the last four days.
The surge has now pushed the Mad price to trade above both the 50-day and 200-day Simple Moving Averages (SMAs). This is a confirmation of the general bullish prospects.
Meanwhile, the Relative Strength Index (RSI) is currently at 86, signaling that the asset is heavily overbought. This typically indicates that a pullback or correction may be imminent. RSI levels above 80 often correspond to euphoric buying but also caution traders of potential reversal or cooling-off periods.
The bullish stance is also supported by the Moving Average Convergence Divergence (MACD), as the blue MACD line crosses above the orange signal line, representing a bullish crossover.
The Average Directional Index (ADX) value above 60, currently at 64, indicates an extremely strong trend. Combined with the price movement, it confirms the current rally’s strength.
MAD/USDT Chart Analysis (Source: Tradingview)
Mad Price Prediction
Major Mad price indicators, including the MACD, RSI, and ADX, indicate that MAD is currently on a sustained bullish trend within the parabolic curve pattern. The bulls are aiming at sustaining this trend, which could push the price of Mad higher, as they target $0.00010.
However, the RSI and ADX show that MAD is overextended, and may be due for a pullback. If this happens, the support around $0.000030 could act as a cushion against downward pressure.
Meanwhile, Pepe Unchained (PEPU) is another meme coin that’s on a tear amid a FOMO frenzy that’s seen it raise more than $40 million.
With its presale set to close in less than 21 days, whale investors continue to pile into the project. The two latest mega buys were for $220K and $100K.
According to 99Bitcoins, a prominent crypto channel on YouTube with over 706K subscribers, $PEPU has the potential to soar 100X after its launch.
A Promising Alternative To Mad
Pepe Unchained (PEPU) is a new cryptocurrency designed as a big upgrade to the popular PEPE meme coin, which PEPU says is hampered by being stuck on the old, clunky Ethereum blockchain.
Put simply, it aims to ”unchain” PEPE so that it can embrace the future in the form of PEPU.
Pepe Unchained comes with its own Layer 2 blockchain to overcome issues like network congestion, slow transaction speeds, and high gas fees, which often hinder Layer 1 Ethereum-based tokens like PEPE. The project will bring greater scalability, efficiency, speed, and lower costs.
But PEPU is more than just a meme coin. It comes with a decentralized exchange, bridging capabilities, and a meme coin launching platform called Pepe’s Pump Pad that will challenge Solana’s Pump.fun.
Last Chance To Buy $PEPU Before Tier-1 Exchange Listings
With less than 21 days of the presale left, speculation has grown that the token may score listings on a major exchange like Coinbase or Binance. When PEPE was listed on Coinbase and Robinhood last week, it went into orbit.
We’ve been approached by several Tier 1 exchanges interested in $PEPU.
While this is an exciting opportunity that will boost visibility and liquidity, it also requires careful planning to ensure the best possible launch.
— Pepe Unchained (@pepe_unchained) September 18, 2024
Holders can also stake PEPU tokens for an annual yield of 69%.
You can buy $PEPU tokens for $0.01295 each on the official website here using ETH, USDT, or a bank card.
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