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The Pepe price surged 15% in the last 24 hours to trade at $0.00001145 as of 10:48 a.m. EST on trading volume that soared 35% to $2.7 billion.
Over the last week, Pepe has surged more than 20% as hopes of a new altcoin season grow. Other top meme coins like Dogecoin and Shiba Inu are also enjoying strong gains, so what lies ahead for PEPE?
Pepe Price Aims For A Continued Rally
The recent Pepe price movements have formed a rounding bottom pattern, as the price plunged from the $0.00000954 resistance to the $0.00000643 support, according to data from GeckoTerminal.
The support then allowed the price to soar back to the resistance and a follow-through thereafter.
PEPE now trades above both the 50-day and 200-day Simple Moving Averages (SMAs), which is a confirmation of the continued pressure from the bulls.
Moreover, the Relative Strength Index (RSI) seems to be crossing over the 70-overbought region, currently at 77, which is also an indication that the asset is under intense buying pressure and may be overvalued at this level.
The bullish stance is also confirmed by the Moving Average Convergence Divergence (MACD), which has already crossed above the neutral line as it soars above, showing that PEPE is currently on positive momentum.
If the positive trajectory of the Pepe price continues, the bulls may push the price even further above, as they currently target $0.0000150.
Meanwhile, the RSI shows that the token is currently overvalued, which may be a selling signal for the bulls. If the bears start selling, the price may drop. The 200-day SMA still trades above the 50-day SMA, forming a death cross at $0.00000904, which supports the bearish sentiment.
If the bears take control of the price of Pepe here, PEPE may plunge back to the $0.00000937 support (200-day SMA).
Meanwhile, investors are rushing to buy the new badass Pepe alternative, Pepe Unchained (PEPU). YouTube channel 99Bitcoins, with over 706K subscribers, says it has the potential to soar 10X after launch.
Pepe Unchained Raises Over $15.9 Million As Whales Move In
Funding for the Pepe Unchained presale is accelerating and yesterday another whale joined the party, snapping up a whopping $53K worth of PEPU.
Everything is falling into place exactly as it should be. Feels good, man 🐸🧠 pic.twitter.com/vXwFdmkmA8
— Pepe Unchained (@pepe_unchained) September 25, 2024
Such attention for a project that launched three months ago shows how investors are banking on the idea that PEPU will make Pepe ownership faster and cheaper.
The idea behind Pepe Unchained is that the new token will free PEPE from his old, clunky blockchain to embrace the future. The project will thus tackle the scalability, speed, and efficiency issues that plague meme coins built on Layer-1 blockchains like Ethereum.
Pepe Unchained also allows investors to earn passively through its staking option, which offers an annual percentage yield of 134%.
You can buy $PEPU tokens for $0.00987 each. Buy before a price hike in a little more than a day to lock in the best deal.
To join the presale, buy $PEPU from the official website here using ETH, USDT, or a bank card.
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