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The Pepe price surged 5% in the last 24 hours to trade at $0.000008187 as of 00:42 a.m. EST on trading volume that plunged 50% to $1.6 billion.
This comes as the crypto market recovers from a market crash on Monday that saw BTC drop below $50,000. With BTC rebounding to $57,000, the market seems to be recovering as investors buy the dip, with PEPE now on a sustained bullish trend reversal.
Pepe Price Aims To Continue With The Bullish Reversal
The Pepe price soared from mid-July to the end of July, soaring to the $0.00001288 resistance level, according to data from GeckoTerminal. The bears took control of the price at this level, as the price of Pepe dropped, forming a rounding bottom pattern.
PEPE then breached the neckline at $0.000008534 to drop to the $0.000006024 support level. The bulls then took over, as the price of Pepe has been on a sustained bullish trend reversal, with the price now trading within the neckline.
The Relative Strength Index (RSI) is rebounding from the 30-oversold region. It is currently trading at 49 and still soaring on the 4-hour chart. With the RSI soaring, it shows that buyers have the upper hand.
Moreover, the Moving Average Convergence Divergence (MACD) also shows that the token is currently on a bullish trend, as the MACD lines rebound from below the neutral line. The blue MACD line also crosses above the orange signal line, an indication of a bullish crossover.
Pepe Price Prediction
The Pepe price analysis indicates that Pepe is gearing up towards a bullish trend reversal. With the RSI and MACD showing that buyers are now adding to their positions, the price of Pepe could rebound back to $0.00001037, which coincides with the 50-day Simple Moving Average (SMA).
Furthermore, the 50-day SMA is now crossing above the 200-day SMA, forming a golden cross at $0.000010551, which provides more bullish prospects for optimistic investors.
However, the token still trades below both the 50-day and 200-day SMAs, which brings in some bearish prospects for the token. If the bears capitalize on this, Pepe could retrace back to the $0.0000060 support level.
Meanwhile, investors are also buying a new Pepe alternative called Pepe Unchained (PEPU), which has already raised over $7.5 million in its blockbuster presale.
Pepe Unchained Presale Blasts Past $7.5 Million – Best Pepe Alternative To Buy Now?
Pepe Unchained aims to follow in the footsteps of PEPE, which has continued to rule the charts despite a deluge of new meme coins since its launch.
However, PEPE is built on the Ethereum blockchain, and is handicapped by the clunky network’s delays and rising gas fees.
Pepe Unchained is a big upgrade on that as it comes with its own native Layer 2 chain on Ethereum’s network. This move not only liberates it from Ethereum’s limitations but also brings unprecedented speed, scalability, and significantly lower fees.
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
As a result, Pepe Unchained enables investors to seize market opportunities with greater efficiency.
Buy And Stake $PEPU For 259% Annual Rewards
Token holders can also earn passively through the platform’s staking system, which offers an annual percentage yield (APY) of 259%.
99Bitcoins, a prominent crypto channel on YouTube with more than 706k subscribers, has reviewed the token and says $PEPU is one of the best cryptos to buy now. It adds that it could potentially soar 100X after its launch.
You can buy $PEPU tokens for $0.0089105 each. With a price hike coming in less than 7 hours, buy soon 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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