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The Pepe price plunged 5% in the last 24 hours to trade at $0.00001841 as of 11:27 p.m. EST on trading volume that tumbled 5% to $3.5 billion.
Pepe Price In Cooling Off Phase
The overall Pepe price trend shifted bullish during November, marked by a breakout from the consolidation phase near the $0.0000010 level, according to data from GeckoTerminal.
Currently, the price of Pepe is retracing from a parabolic rally and appears to be in a cooling-off phase, forming a descending channel.
However, the PEPE price still trades above both the 50-day and 200-day Simple Moving Averages (SMAs), which is an indication that the bulls may still take charge of the price.
The Relative Strength Index (RSI) has cooled off from overbought levels during the rally to now hover around the 57 level. A reading near 57 indicates neutral-to-slightly-bullish conditions, leaving room for either further consolidation or a potential continuation of the uptrend.
If the Pepe price sustains its current price correction, the first possible support level would be at $0.00001309, within the 50-day SMA. The 200-day SMA now acts as the strong support one at $0.0000109.
As long as the price remains above the 50-day and 200-day SMAs, the overall trend remains bullish. A breakout from the current descending channel could lead to retesting or surpassing recent highs near $0.0000020.
Meanwhile, investors are going all-in on new PEPE rival Pepe Unchained ($PEPU), which has surged past the $54 million mark in its presale.
According to 99Bitcoins, a leading crypto YouTube channel with more than 710k followers, Pepe Unchained ($PEPU) could be the next meme coin to deliver 100x returns after its launch in just 16 days.
Buy Pepe Unchained Before Its Tier-1 Exchange Listings
Pepe Unchained is a new ICO that aims to liberate, or unchain, the original PEPE from its clunky, inefficient Ethereum blockchain.
That’s why it comes complete with its own Layer 2 blockchain, which offers superior transaction speeds and significantly reduced fees compared to Ethereum. It also comes with a dedicated block explorer and a decentralized exchange (DEX).
It also plans to open its ecosystem to other meme coins and has launched developer grants with the aim of attracting talent to further upgrade its ecosystem.
It also will launch Pepe Pump Pad, a new meme coin launchpad that will challenge Solana’s Pump.fun and promises to be a money-making machine.
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
There are now only 16 days left until Pepe Unchained’s listing amid speculation that one of the most successful presales ever could be the next project to snare a coveted listing on Coinbase or Binance.
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
Pepe Unchained investors can also stake their tokens for an outsized 62% return annually.
PEPU tokens are currently selling for $0.01295 each and can be bought with ETH, USDT, or a credit card.
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