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The Pepe price has plummeted 26% in the past week and 2% in the last 24 hours to trade at $0.000007832 as of 3 a.m. EST on trading volume that dropped 12% to $1 billion.
Pepe Price Prediction
The Pepe price recently managed to see a slight recovery from the drops seen earlier this week, but it is still down 26% on a weekly chart, and right now, technical indicators suggest that the price might see further drops in the hours to come.
The project’s Bollinger bands have narrowed greatly over the last six hours, with the price initially fluctuating between the upper and lower bands, only to start pushing the lower band further down in the last two hours.
Meanwhile, the token’s Relative Strength Index (RSI) value, which saw fluctuations in the neutral area over the past six hours, recently started sinking toward the oversold area. This suggests that traders who held onto the hope that PEPE will quickly bounce back have also started to sell in order to prevent further losses.
While the RSI sinking toward the oversold zone can be a signal that the price might bounce back up — as traders usually tend to buy the dip at this level — it is unlikely that many would make such a move before the wider crypto indutry starts seeing a recovery.
This also means that PEPE could see a severe price drop in the hours to come. Right now, it is spiraling down toward the support at $0.0000075, but there is no guarantee that it will stop here if the bearish pressure continues to increase.
A Promising Alternative To Pepe
The Pepe price finds itself struggling right now, and it is unlikely to breach the resistance at $0.000008 without a major market-wide rally that would push it, as well as other cryptos, back up.
However, that doesn’t mean that there are no better alternatives for investors. In fact, one of the newest Pepe clones, known as Pepe Unchained (PEPU), is one of the standout presale of the year after raising more than $7.65 million so far.
Pepe Unchained differentiates itself from other Pepe clones by having its own blockchain. While this may not seem like much at first, it is a major advantage over other meme coins based on platforms like Ethereum.
Due to Ethereum’s limitations, including low scalability, slow transaction speed, high fees, and the like, Pepe and all of its clones on ETH are chained by the same limited capabilities.
PEPU, on the other hand, launched its own Layer-2 blockchain on top of Ethereum’s network, which allowed it to rise above such limitations, and become “Unchained.”
In fact, the project prides itself on its speed and low fees, pointing them out as among its greatest achievements thus far.
Of course, Pepe Unchained is currently still in presale, so it did not have many opportunities to show what it can do, but its high potential allowed it to become one of the most successful meme coin ICOs of 2024.
The Breaker of Chains did it again!
$7.5M raised! 🐸⛓️ pic.twitter.com/ygR2ivQhtl
— Pepe Unchained (@pepe_unchained) August 7, 2024
The YouTube channel 99Bitcoins, with more than 706k subscribers, says PEPU ”could lead all meme coins.”
PEPU tokens are currently priced at $0.0089461. With a price hike coming in a little more than a day, buy soon for the best deal.
Buy PEPU on the official website here with ETH, USDT, BNB, or credit/debit cards.
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