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The Mad price surged 70% in the last 24 hours to trade at $0.00003024 as of 11:53 p.m. EST on trading volume that soared 68% to $9.2 million.
MAD Price Indicators Show A Sustained Bullish Rally
The MAD/USD chart shows a strong bullish breakout after a prolonged sideways consolidation period within the $0.000010 level. This is evident from the sharp Mad price surge and increased volume near the right-hand side of the chart, according to data from GeckoTerminal.
The sustained rally drove the price of Mad to trade well above both the 50 and 200 Simple Moving Averages (SMAs) on the 4-hour chart, a confirmation of the bullish trend.
Furthermore, the Relative Strength Index (RSI) is at 72, indicating that the asset is in the overbought zone. This typically suggests a potential pullback or cooling-off period in the near term, as the market may need to consolidate after such a rapid rise.
The Moving Average Convergence Divergence (MACD) line (blue) is rapidly rising and well above the signal line (orange). Moreover, the histogram bars are increasing in size, confirming strong bullish momentum.
This indicates that the price is accelerating upward, with no immediate signs of bearish divergence yet.
With the price above both the SMAs, and the major indicators, including the MACD and RSI, showing positive trajectory, the Mad price could continue soaring. If this momentum continues, the bulls could target the next possible resistance level at $0.000040.
Conversely, with the RSI soaring past the 70-overbought region, the price of Mad could pick this as an incoming bearish trend. If the bears prompt a selling spree, the Mad price could plunge, with the $0.000013 level acting as the next possible support.
Meanwhile, as the MAD price aims for another surge, the Pepe Unchained (PEPU) presale is another token on a tear after blasting past $40 million in funds raised.
YouTube channel 99Bitcoins, with over 706K subscribers, says PEPU has the potential to soar and turn $1k into $10k after launch.
Pepe Unchained Garners Over $40 Million In Funds Raised – Last Chance To Buy Before Its Tier-1 Exchange Listings
Pepe Unchained obliterated the $40 million presale milestone, fueled by huge investor FOMO that drove an average daily inflow of $1.6 million over the past week.
Funds pouring into the project at such an accelerated rate means Pepe Unchained could be on course to amass more than $50 million from contributors.
The team has added a countdown timer on the presale. This timer now shows that the Pepe Unchained presale will end in 22 days, with listings thereafter on tier-1 exchange platforms. Speculation has grown that the token may have scored a listed on Binance or Coinbase, or even both. If true, PEPU’s price could undergo a massive surge similar to the one PEPE experienced after its Coinbase listing last week.
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
As a layer-2 blockchain, the project offers faster and more cost-effective transactions for Pepe ownership, positioning itself as a strong contender against its predecessor, Pepe (PEPE), with ambitions to become the top froggy meme coin in the market.
Pepe Unchained aims to liberate Pepe from the limitations of his old, cumbersome layer-1 server. The project will operate on its own proprietary Ethereum layer-2 blockchain, promising a more efficient and scalable solution.
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
Moreover, the development team has ambitious goals, with a primary focus on launching a dedicated layer-2 blockchain known as Pepe Chain.
The project is also set to include a Pump.fun competitor, Pepe’s Pump Pad, on the bigger Ethereum chain as opposed to Solana.
Token holders can also earn passively through the platform’s staking system, which offers an annual percentage yield (APY) of 71%.
You can buy PEPU tokens for $0.01295 each. With the presale set to end soon, now may be the best time to buy.
Buy PEPU from the official website here using ETH, USDT, or a bank card.
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