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The Pepe price jumped 4% in the last 24 hours to trade at $0.00001341 as of 11:19 p.m. EST on trading volume that surged 41% to $8 billion.
The latest pump has taken PEPE’s gains so far this year to a massive 984%.
Pepe Price On A Sustained Rally
According to the PEPE/USD chart analysis on the 4-hour timeframe, the Pepe price has been on a sustained uptrend, after the bulls capitalized on the $0.0000080 support, data from GeckoTerminal shows.
PEPE now trades above the both the 50-day and 200-day Simple Moving Averages (SMAs), which is a confirmation of the current uptrend. Moreover, the 50-day SMA has crossed over the 200-day SMA, which has formed a golden cross around $0.000010, further cementing the bullish sentiments.
Even though the price of Pepe still traded within the rising channel, the correction from the upper boundary of the channel to the lower boundary has allowed the Relative Strength Index (RSI) to drop from the 70-overbought region to 57.
If the surge continues within the channel, the bulls are aiming at PEPE’s all-time high (ATH) at $0.00001717.
However, if the bears keep pushing the RSI down, the asset may experience some selling pressure, which may result in Pepe plunging even further down to the $0.00001002 support, within the 200-day SMA level.
As the Pepe bulls aim for a continued surge, other investors are piling into a new PEPE alternative called Pepe Unchained (PEPU). 99Bitcoins, a crypto channel on YouTube with over 706K subscribers, says PEPU could surge 100X when it launches in about 30 days.
Already there are rumors that PEPU might be the next presale to launch on Binance, potentially following the same explosive trajectory as meme coins like PNUT and ACT after their recent listings on the world’s biggest exchange.
Pepe Unchained Presale Closes On $28 Million – Buy Now Before Presale Ends In 30 Days
Pepe was originally built on the Ethereum blockchain and has long been confined by its Layer 1 technology, which is hampered by network delays and rising gas fees.
Pepe Unchained — Groundbreaking Layer 2 Blockchain technology.
Welcome to the future of meme coins. 🐸 pic.twitter.com/iC9b6YSynT
— Pepe Unchained (@pepe_unchained) September 6, 2024
Pepe Unchained is a token based on PEPE devising a plan to break free from his chains and embrace the future with Pepe Unchained. The project is set to tackle the scalability, speed, and efficiency issues that often plague meme coins built on Layer 1 blockchains like Ethereum.
Pepe Unchained L2 Sneak Peek!
What we're building is not just a new chain, but an entire ecosystem.
🐸Pepe Unchained L2
🐸Block Explorer
🐸DEX
🐸Bridge
🐸Advanced Analytics
🐸Builder GrantsPepe Unchained is coming. And it's going to shake up the crypto space. pic.twitter.com/ZVnvgO6MGF
— Pepe Unchained (@pepe_unchained) September 26, 2024
Investors can’t seem to get enough of PEPU, with the project now amassing over $27.9 million in its presale. Whales are piling into the project.
Just last week, a whale purchased 6 million $PEPU tokens – worth approximately $77,000 – while the week prior, another whale acquired 2.2 million $PEPU for $27,000.
Over the weekend, the latest whale purchase was a 4.6 million $PEPU acquisition valued at around $63,000.
After buying, investors can stake their tokens for an annual yield of 88%.
You can buy $PEPU tokens for $0.01269 each using ETH, USDT, or a bank card. With a price hike coming in slightly more than a day, buy soon to lock in the best deal.
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