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The Pepe price surged 12% in the last 24 hours to trade at $0.00001263 as of 11:40 p.m. EST on trading volume that skyrocketed 98% to $6.3 billion.
This comes as data from IntoTheBlock says that 86% of Pepe holders are now sitting on profits.
Pepe Price Could Continue Soaring
According to the PEPE/USD chart analysis, the pepe price has broken out of a descending triangle pattern, typically a bullish reversal signal. The breakout above this trendline at $0.000010 suggests buyers have gained momentum, potentially leading to further upside, according to data from GeckoTerminal.
Key support levels are indicated around the $0.0000070 range, where the price previously consolidated. The next resistance appears around the $0.0000150 level, which would be a likely target if the upward momentum continues.
The price of Pepe has now crossed above both the 50-day and 200-day Simple Moving Averages (SMAs), which confirms the uptrend.
Moreover, the current Relative Strength Index (RSI) is at 70.37, indicating an overbought condition. This level suggests that the price has had a strong upward move recently, and some caution is warranted as it could indicate that the asset is due for a short-term pullback or consolidation.
Meanwhile, the Moving Average Convergence Divergence (MACD) Line (blue) is above the Signal Line (orange). This crossover to the upside confirms bullish momentum. The MACD histogram is also positive, supporting the strength of this upward move.
If this momentum continues, the Pepe price could soar even further above, as the bulls target the previous all-time high (ATH) level around $0.00001717.
Conversely, the surged RSI shows that the asset is now overvalued and overextended, which could signal the bears to start selling. In this case, the price of Pepe could plunge back to the $0.0000070 support zone.
Meanwhile, investors are going all-in on on a new PEPE rival called Pepe Unchained ($PEPU), which has just blasted past in incredible $26.6 million in funds raised in its presale, one of the most successful of all time.
According to 99Bitcoins, a leading crypto YouTube channel with more than 706k followers, Pepe Unchained ($PEPU) could be the next meme coin to deliver 100x returns.
Pepe Unchained Presale Closes On $27 Million
As its name suggests, Pepe Unchained ($PEPU) is designed to free, or ”unchain,” the original PEPE from its clunky, inefficient home on Ethereum.
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
That’s why it comes with its own Layer 2 (L2) blockchain, which offers superior transaction speeds and significantly reduced fees compared to Pepe ($PEPE), which runs on Ethereum’s slower, more expensive Layer 1 network.
The project is also ambitious and is fostering innovation by launching developer grants. The project’s website now features a portal where developers can apply for grants to build on its L2 chain. The goal is to create new dApps and leverage its technology for even faster and more cost-efficient transactions.
WE JUST HIT $20M RAISED!
And with this milestone, we have another major project update to share with our incredible community! pic.twitter.com/z9xlqZ2dAV
— Pepe Unchained (@pepe_unchained) October 16, 2024
It’s also unveiled Pepe’s Pump Pad, a meme coin launchpad similar to Solana’s Pump.fun that aims to make it the epicenter of the meme coin world.
We're proud to announce a massive new upgrade to the Pepe Unchained Ecosystem.
Pepe's Pump Pad 🐸
Link to the new page on the website here: https://t.co/jz1v0iRppq pic.twitter.com/mBzC9wDnl9
— Pepe Unchained (@pepe_unchained) November 6, 2024
Investors can also stake PEPU tokens to earn a huge 91% in annual rewards.
Priced at $0.01249 per token, PEPU can be bought with ETH, USDT, or a credit card. Buy before a price hike in about 15 hours to grab the best price.
You can purchase $PEPU tokens on the official website here.
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