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The Pepe price has plunged 4% in the last 24 hours to trade at $0.00001915 as of 3:15 a.m. EST on a 7.8% pump in trading volume to $3.7 million.
Pepe Price Nears Breakout Into Another Bullish Leg
The PEPE/USD 4-hour chart shows that the price is currently hovering around $0.00001915, showing signs of consolidation within a bearish channel. This phase often signals indecision in the market, where buyers and sellers are battling for control after a prior strong uptrend.
The critical support at $0.00001900 is acting as a safety net for the price. If this level holds, it could serve as a springboard for a potential bullish breakout. However, a failure to sustain above $0.00001900 might trigger a deeper pullback toward $0.00001407, which coincides with the 200-period moving average.
PEPEUSD Analysis Source: Dextools.io
On the resistance side, the price faces a key hurdle at $0.00002026, marked by the 50-period moving average and the upper boundary of the bearish channel. A breakout above this level would likely confirm the end of the current consolidation phase and open the doors for an upward rally.
Momentum indicators provide additional insights. The MACD remains bearish, with the MACD line below the signal line and a fading histogram, indicating weak momentum in the short term.
Meanwhile, the Relative Strength Index (RSI) is at 39.65, approaching oversold territory. This indicates that the Pepe price might be gearing up for a reversal if the selling pressure subsides.
Pepe Price Analysis
Looking ahead, the price action at the $0.00001900 support and $0.00002026 resistance levels will be crucial in determining the next move. If the price breaks below $0.00001900 with strong selling pressure, a drop to $0.00001407 becomes likely.
On the other hand, a breakout above $0.00002026, accompanied by rising volume, could signal the start of a new bullish trend. In such a scenario, traders can anticipate the price climbing to $0.00002250 initially, with $0.00002500 as a secondary target.
Last Chance To Buy As Pepe Unchained Presale Nears $53 Million
While the Pepe price sets the stage for another bullish rally, the new derivative meme coin, Pepe Unchained (PEPU), is gaining significant traction, with presale investment closing on $53 million.
With the presale ending in just 17 days, whale investors have been eagerly accumulating PEPU tokens, driving excitement around the project.
This bullishness in PEPU has caught the attention of an analyst on the 99Bitcoins YouTube crypto channel, with over 706K subscribers, who predicts that PEPU could surge 100X when it launches.
Pepe Unchained is designed as a big upgrade to the original Pepe meme coin and for that reason it is armed with its own Layer 2 blockchain. It will, as its name suggests, ”unchain” Pepe from the confines of its clunky, slow, expensive home on Ethereum.
Pepe Unchained will offer blistering fast transaction speeds, and much lower fees.
Lieutenant Pepe is here to save the day!
This giga soldier is getting the job done! 🐸🧠🔥 pic.twitter.com/WwZDlXS84n
— Pepe Unchained (@pepe_unchained) November 25, 2024
The Pepe Unchained Layer 2 has successfully passed all audit checks ahead of schedule, setting the stage for its launch after the presale concludes.
Investors also have the opportunity to maximize their returns by staking PEPU tokens, which offer an impressive 64% annual percentage yield (APY).
Speculation about where PEPU will list is mounting, with Coinbase and Binance being mentioned as possible homes for one of the most successful presales of all time.
You KNOW Pepe is the coolest kid at school with his Brainpack! 🐸📝 pic.twitter.com/piC4vyZSOj
— Pepe Unchained (@pepe_unchained) November 23, 2024
Currently, PEPU tokens are available for purchase at $0.01295 each. Buyers can participate through the project’s official website using ETH, USDT, or a bank card.
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