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The Pepe price is up 12% in the last seven days and almost 1% in the past 24 hours to trade for $0.00001243 as of 01:35 a.m. EST.
The surge in the PEPE price comes as meme coins hint at a recovery, with the sector’s market capitalization rising by almost 4% in the past 24 hours to $48.6 billion.
PEPE Price Prediction
The Pepe price is trading with a bullish bias, holding well above the confines of a descending parallel channel. With the critical support at 61.8% holding as a support floor at $0.00001224, the odds favor the upside and the Pepe price could continue north.
A stable close above the 78.6% Fibonacci retracement level of $0.00001445, which would mean a strong move above the trendline of the Fibonacci indicator, would revitalize buyer appetite and momentum, potentially leading to a further upside.
In a highly bullish case, the gains could see the Pepe price reclaim the peak of the market range at $0.00001727.
The Relative Strength Index (RSI) is above the mean level of 50, suggesting the bulls have the upper hand. PEPE’s Moving Average Convergence Divergence (MACD) confirms this bullish outlook with a buy signal when it moved above the signal line (orange band).
GeckoTerminal: PEPE/USD 1-day chart
Conversely, if traders cash in on the 12% gains made over the last 7 days, the Pepe price could drop. Losing the critical support at $0.00001224, earmarked by the 61.8% Fibonacci retracement level would trigger a sell-off, with the Pepe price likely spiraling to the 50% Fibonacci placeholder of $0.00001068. A candlestick close below the aforementioned level would invalidate the bullish thesis.
Even as PEPE shows strength, the YouTube channel 99Bitcoins, with more than 700K subscribers, says new ICO Pepe Unchained (PEPU) is among the best three cryptos to buy now. It adds that it has the potential to soar 100X after launch.
Promising Alternative To PEPE
Pepe Unchained is the first Pepe derivative to run on its own proprietary Ethereum Layer 2 blockchain. With this, Pepe Unchained looks to tackle the scalability, speed, and efficiency issues that often plague meme coins built on the Ethereum Layer-1 blockchain.
Who’s ready for the next stage of Pepe’s adventure? 🚀
A new dimension of Pepe has been unlocked! Join Pepe's Layer 2 now and experience the future. 🐸🧠 pic.twitter.com/8NGeDIdXUg
— Pepe Unchained (@pepe_unchained) June 26, 2024
Being a Layer-2 (L2) blockchain meme coin, Pepe Unchained will allow investors to seize market opportunities with greater efficiency.
It also offers holders a 1,663% annual percentage yield (APY) for staking PEPU tokens.
🚀 $1,000,000 raised! 🚀
The ultimate chain is broken. From here on, we’re taking it to the next level. Get ready for the ultimate Layer 2 this summer. 🐸⛓️🧠 pic.twitter.com/tS2JSi8rHq
— Pepe Unchained (@pepe_unchained) June 27, 2024
Investors have already socked $1.17 million into the Pepe Unchained ICO. If you would like to join them, you can buy $PEPU tokens for $0.0080964 each. With a price hike coming in just over 36 hours, buy soon to lock in the best deal.
Buy Pepe Unchained tokens here.
Also Read:
- Meme Coin Whales Gobble Up Pepe Unchained ($PEPU) As ICO Rockets Past $500,000
- Pepe Unchained ICO Explodes With $150K Raised In Minutes, New Layer 2 Meme Coin To Watch
- Should Investors Buy Bitcoin (BTC) This Week Or Pepe Unchained (PEPU)
- How to Buy Pepe Unchained – $PEPU Presale Review
- What is a Crypto Presale? A Quick Guide to Getting in on the Ground Floor of New Cryptocurrencies!
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