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Pepe Price Prediction: PEPE Dives 10% As Investors Pivot To This Layer-2 Derivative For Parabolic Potential

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Pepe price
Pepe price

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The Pepe price plunged 10% in the last 24 hours to trade for $0.000009684 as of 01:33 a.m. EST on trading volume that slumped 59%.

PEPE was dragged down by a flash crypto crash that saw the meme coin sector’s market capitalization plummet more than 7% to $43 billion.

Meme coins

PEPE Price Prediction

The Pepe price is trading with a bearish bias, recording a series of lower highs since it peaked at $0.000017257 on May 27. The downtrend has plunged the Pepe price into the Fibonacci Golden Zone, which is a rather volatile territory.

If selling pressure increases, the Pepe price could slip below the 38.2% Fibonacci retracement level of $0.000009132. A flip of this support floor into resistance would shove the frog-themed token to a cliff. In a dire case, the altcoin could roll over to the depths of the 23.6% Fibonacci retracement level of $0.000007212.

A look at the Relative Strength Index (RSI) shows that buyer momentum is dwindling, with the momentum indicator now approaching oversold territory. The Moving Average Convergence Divergence (MACD) reflects the same outlook. This is after crossing below the signal line (orange band).

PEPE

GeckoTerminal: PEPE/USD 1-day chart

If the bulls seize the opportunity to buy the dip, the PEPE price could recover. Nevertheless, only a candlestick close above the 61.8% Fibonacci retracement of $0.000012234 would render PEPE ripe for buying.

In a highly bullish case, the gains could see the Pepe price extend a neck higher past the 78.6% Fibonacci retracement to tag the peak of the market range at $0.000017257. Such a move would constitute a 78% climb above current levels.

As meme coins plummet, some traders are turning to presales for shelter, with layer-2 meme coin Pepe Unchained (PEPU) among the most popular ICO alternatives.

YouTube channel 99Bitcoins, boasting over 700K subscribers, says PEPU is one of three meme coins with the potential to soar up to 100x after its launch.

Promising Alternative To PEPE

Pepe Unchained is a meme coin project that follows in the footsteps of its predecessor, the original Pepe (PEPE).

PEPU though is a big upgrade, coming with its own proprietary Ethereum Layer 2 blockchain. With this, Pepe Unchained looks to tackle the scalability, speed, and efficiency issues that often plague meme coins built on the Ethereum Layer-1 blockchain.

PEPU comes with an enticing staking opportunity that offers holders a 1,663% annual yield.

$PEPU tokens cost $0.0082596 each. With a price hike coming in less than two days, buy soon to lock in the best deal and join investors who have already socked over $2.2 million into the project.

Visit and buy Pepe Unchained here.

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