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The Pepe price has soared 11% in the last 24 hours to trade at $0.00002043 as of 8:50 p.m. EST on a 224% pump in trading volume to $5.8 billion,
The recent surge in the PEPE price came after Elon Musk, founder of SpaceX and Tesla, changed his X profile name to “Kekius Maximus” and updated his profile picture to a gladiator-themed Pepe the Frog.
The new profile picture showcases Pepe the Frog clad in golden armour, gripping a video game controller, a playful nod to gaming culture and internet memes.
"I am Kekius Maximus, CEO of Tesla, SpaceX, and X, servant to the vision of human progress. Father of many innovations, husband to the idea of interplanetary life. And I will achieve my goals, in this era or the next."@elonmusk 🤣🤣 pic.twitter.com/ALdsceaaSY
— Tesla Owners Silicon Valley (@teslaownersSV) December 31, 2024
Musk has not explained the changes but has started sharing posts related to Kekius Maximus and Pepe the Frog.
The Kekius Maximus name and image are probably references to the Gladiator movie, which was a major box office success, raising nearly $500 million since its debut.
Pepe Price Rebounds On A Strong Support Zone
The PEPE/USDT daily chart shows a transition from bearish pressure to a strong bullish reversal, offering insights into its potential upward trajectory. Earlier in the year, the price formed a bearish wedge pattern between May and July, characterized by consistently lower highs and lower lows.
This pattern pushed PEPE downward to a critical major support level of $0.000001234, where buyers eventually stepped in. At this support zone, the price formed a double-bottom pattern during September, a classic bullish reversal signal marking the end of the bearish phase and set the stage for a breakout.
PEPEUSDT Analysis Source: Tradingview
Following the breakout, PEPE rallied sharply, supported by increased trading volume, climbing to a high near $0.000002500 in a short period indicating renewed bullish momentum and growing investor confidence. However, after reaching this peak, the price entered a consolidation phase, stabilizing above the $0.000002000 support level becoming a key base for the current upward trend.
Currently, PEPE is trading at $0.000002076, reflecting a 2% gain in the latest session. The chart highlights a target price of $0.000002500, corresponding to the previous peak. A successful breakout above this level could trigger a new bullish rally, potentially leading to even higher price levels.
Pepe Price Golden Cross Signals Bullish Momentum Ahead
Pepe price is trading above its 50-day and 200-day moving averages, with the 50-day SMA recently crossing above the 200-day SMA, forming a Golden Cross, a reliable bullish signal. This indicates that upward momentum is building.
Additionally, the RSI (14) is at 52.77, indicating neutral to slightly bullish sentiment. A move above 60 on the RSI would confirm stronger buying pressure for the Pepe price.
The combination of bullish chart patterns, supportive technical indicators, and robust price action positions PEPE for potential gains. The immediate support level at $0.000002000 provides a solid foundation for upward moves, while the major support at $0.000001234 acts as a safety net in case of pullbacks.
With a target price of $0.000002500 in sight, PEPE’s trajectory remains bullish. A breakout could open the door to further gains, solidifying its place as a promising asset in the current market environment.
Will Pepe Unchained Pump Next, Fired Up By Pepe Pump Pad?
As PEPE regains its bullish momentum, investors are turning to other frog-themed meme coins like Pepe Unchained ($PEPU), which experienced a huge price surge after its launch on December 10, reaching an all-time high of $0.06858 two days later.
PEPU is gearing up for an exciting phase, with the potential for a significant price boost on new exchange listings ahead.
Adding to the buzz, the project is about to roll out its highly anticipated Pepe Pump Pad. This innovative tool will allow meme coin enthusiasts to easily launch new tokens on a platform that’s set to compete with Solana’s Pump.fun.
What Pepe Pump Pad feature is on YOUR 2025 bucket list? 💚🐸 pic.twitter.com/P1X4zAMXt7
— Pepe Unchained (@pepe_unchained) December 29, 2024
As a layer-two project on Ethereum, Pepe Unchained is positioning itself as a key player in the meme coin space with Pepe Pump Pad offering creators a simple, efficient way to launch tokens in just a few clicks.
Its smooth integration into the Ethereum ecosystem and its intuitive design position it as a strong competitor to Pump.fun.
New Dev Update Is Live
Read it here: https://t.co/nje8NBPN99
How about a sneak peak of the Pump Pad?! 🐸 🔥🐸 pic.twitter.com/k7oIJZZ2QT
— Pepe Unchained (@pepe_unchained) December 28, 2024
The Pepe Pump Pad also comes with built-in rug-pull protections, with developer assets locked by default, ensuring a safer environment for investors and preventing sudden liquidations.
This combination of ease of use and robust security makes Pepe Unchained an appealing choice for both token creators and the wider Ethereum community.
PEPU is currently trading at $0.009474, presenting an opportunity for investors and traders to grab some tokens before the launch of Pepe Pump Pad.
You can purchase PEPU on exchanges such as LBank and MEXC or directly through the official website here.
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