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The Pepe Unchained price pumped 20% in the last 24 hours to trade at $0.01369 as of 9:36 p.m. EST on trading volume that dropped 30% to $7.34 million.
Pepe Unchained Price Aims For A Bullish Trend Reversal
The PEPU price chart analysis shows a clear falling wedge pattern forming over the past week, as highlighted by the orange trendlines. Falling wedges are typically a bullish reversal pattern, signaling that the price may break upward after consolidation.
According to GeckoTerminal data, the Pepe Unchained price has been trending downward from a sharp high near $0.045 to its current level of $0.01369. However, the consolidation within the wedge indicates that selling pressure is waning and buying pressure is beginning to emerge. Notably, the price is testing the wedge’s upper boundary, hinting at a potential breakout.
The 50-day Simple Moving Average (SMA) currently stands at $0.01205, which the Pepe Unchained price has crossed to the upside. This crossover suggests growing bullish momentum, as the SMA often acts as a dynamic support level in short-term trends.
Meanwhile, the Relative Strength Index (RSI) is at 56.12, which places it in the neutral-to-bullish zone. This indicates that the asset is no longer oversold but hasn’t yet entered the overbought territory. The rising RSI suggests increasing bullish momentum, aligning with the potential breakout scenario.
Based on the analysis of the falling wedge pattern, the moving average, and the major indicators, the Pepe Unchained price appears poised for a bullish breakout. If the PEPU price breaks above the wedge’s upper trendline with strong volume, the next potential target could be around $0.020.
However, if the Pepe Unchained price fails to break out and instead drops below the lower wedge trendline, it could revisit the $0.01000 support zone.
Meanwhile, investors are piling into a new frog-themed Pepe derivative called Wall Street Pepe (WEPE), which crypto influencer ClayBro, with over 134k subscribers, predicts will soar 100X after launch.
Wall Street Pepe Presale Closes On $36 Million
Meme coins have stolen the spotlight in 2024, and Wall Street Pepe is emerging as a new standout competitor in the sector.
Its presale has captivated the crypto community, raising a staggering $35.9 million in record time.
Wall Street Pepe isn’t just another meme token—it’s built to help everyday traders compete with crypto whales. This project provides tools and resources once reserved for top-tier investors, making them accessible to everyone who joins.
Out here making history. Feeling bullish. 🐸 ⚔️ pic.twitter.com/LlI8KkWfL7
— Wall Street Pepe (@WEPEToken) December 15, 2024
One key feature is its advanced trading signals, which guide users with clear, actionable insights. These signals identify top coins to watch, the best entry points, and when to sell for maximum gains.
By holding the $WEPE token, investors can also earn a 37% annual percentage yield (APY), providing a lucrative passive income stream.
Investors can buy $WEPE Token from the official website for $0.0003655 using ETH, USDT, or a bank card.
If you would like to join, buy before a price hike in less than 2 hours.
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