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The Pepe price has plunged 21% in the past week and 5% in the last 24 hours to trade at $0.000007204 as of 12:30 a.m. EST on a 51% surge in trading volume to $808 million.
Pepe Price Bulls Stage A Strong Support Zone
The PEPE price technicals on the daily chart show a continuation of a falling wedge pattern. The price is currently consolidating near the lower trendline of the wedge, suggesting potential preparation for an upward breakout. The key support zone around $0.0000007710 is holding firm, reflecting buying interest at this level and helping to prevent further declines.
PEPEUSD Analysis Source: Dextools.io
The 50-day Moving Average (blue line) is collapsing towards the 200-day Moving Average (green line), indicating that PEPE’s short-term positive momentum is losing steam.
Meanwhile, the Moving Average Convergence Divergence (MACD) shows that the average line crossed below the signal line, which is a bearish sign. However, the shrinking histogram bars suggest that the bearish momentum might weaken.
Additionally, the RSI is at 38.34, suggesting that the market is not yet overbought, providing room for a potential move up.
A breakout above the upper wedge boundary could drive the price towards the indicated target price level, marking a significant shift in sentiment. However, if the price fails to break out, a retest of the support zone may occur.
Pepe Price Prediction: Bulls Poised For A Rebound
A confirmed breakout above the wedge pattern and the Moving Averages, along with bullish signals from the MACD and RSI, is needed for further confirmation.
If the price can stay above the support zone at $0.0000007710 and show signs of strengthening, a breakout above the falling wedge pattern becomes more likely.
A move above the 50-day SMA at $0.0000009522 could ignite further bullish momentum, potentially pushing the price towards the target of around $0.0000015031.
Pepe Unchained Charges Towards $12 Million – Next 100X Meme Coin To Explode?
As Pepe traders look to buy the dip, more investors are turning to the new layer-2 meme coin Pepe Unchained (PEPU) which is racing towards $12 million in early presale funding.
Crypto analyst and YouTuber Claybro says that PEPU is a must-have meme coin, predicting it could skyrocket 100X after its launch.
This project stands out with its innovative layer-2 ecosystem, featuring a dedicated blockchain specifically built for meme coins.
At the heart of this initiative is the Pepe Unchained network, designed to address common challenges in the meme coin market by providing faster transaction speeds and lower fees while maintaining compatibility with the Ethereum blockchain.
Gn Pepe 🐸
Kicking back, recharging, and plotting the next big moves. The weekend may be winding down, but the excitement is just getting started!! pic.twitter.com/ytnpMauezv
— Pepe Unchained (@pepe_unchained) August 26, 2024
The Pepe Unchained team claims the new blockchain can deliver speeds up to 100 times faster than Ethereum.
Additionally, the project offers a staking protocol that allows PEPU token holders to lock their tokens and earn rewards. Currently, the estimated annual percentage yield is 172%. Investors have been rushing to get in on these rewards, with more than 911 million PEPU tokens already staked.
The project offers low transaction fees as well, making it more accessible and scalable, as well as allowing quicker trades and handling higher transaction volumes without congestion.
You can buy PEPU tokens for $0.0094226 using the buy widget embedded on the project’s official website. You might want to hurry, however, as the meme coin’s price will increase in less than 3 hours and keep rising through the subsequent stages of the meme coin’s presale.
Purchase PEPU tokens here using ETH, USDT, or a bank card.
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