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The Pepe Unchained price pumped 23% in the last 24 hours to trade at $0.01173 as of 02:19 a.m. EST on trading volume that surged 21% to $3.8 million.
This comes even as the meme coin market tumbled 1.3% in the last 24 hours to a $111 billion market capitalization, according to CoinGecko.
Pepe Unchained Price On A Rebound
The PEPU price has shown promising signs of upward potential in recent weeks as it breaks through previous resistance levels.
The price has formed a descending triangle pattern, with strong horizontal support near the $0.0093 level and a downward-sloping resistance line, according to data from GeckoTerminal.
While this pattern is often considered bearish, the recent breakout above the resistance line suggests a potential bullish trend reversal.
Additionally, PEPU has risen above its 50-day Simple Moving Average (SMA), currently at $0.01062. What was once resistance could now act as support, indicating the possibility of sustained bullish movement.
A continued rise above this level would signal increasing bullish strength.
The Relative Strength Index (RSI) stands at 66.98, nearing the overbought zone but still indicating strong buying pressure. As long as the RSI remains above 50, the positive momentum is expected to continue.
Furthermore, the Moving Average Convergence Divergence (MACD) has shown a bullish crossover, with the blue MACD line moving above the orange signal line and both above the zero line.
The histogram turning green reinforces the expectation of upward price action, signaling the potential for continued growth.
PEPU Might Sustain Its Bullish Rally
The breakout above the descending triangle’s resistance suggests a bullish continuation in the short term. The next significant resistance level lies around $0.0130, which coincides with a prior consolidation zone.
A successful breach of this level could push the Pepe Unchained price, as the bulls target $0.0150.
However, traders should watch for a potential pullback due to the near-overbought RSI condition. If PEPU fails to hold above the $0.0106 (50-day SMA) level, it could retest the $0.0100 horizontal support.
As the Pepe Unchained price aims for a bullish rally, investors continue piling into a new Pepe alternative called Wall Street Pepe (WEPE). Crypto influencer ClayBro, with over 134k subscribers, says it could soar 100X after launch.
A Promising Alternative To Pepe Unchained
Wall Street Pepe’s presale is already one of the most successful of all time after roaring past $45.2 million in early funding.
The project aims to be a place where members can collaborate, share insights, and potentially make massive gains by identifying promising opportunities early on and outsmart the secretive whale investors that WEPE loathes.
Drawing inspiration from the success of Wall Street Bets on Reddit, the idea is that members will collectively decide on which projects to support, driving momentum and growth.
This community-focused approach helps members gain useful market knowledge, make smart decisions, and connect with others for trading and networking. The project emphasizes being open and easy to join, allowing everyone to get involved early.
Out here making history. Feeling bullish. 🐸 ⚔️ pic.twitter.com/LlI8KkWfL7
— Wall Street Pepe (@WEPEToken) December 15, 2024
WEPE’s hatred of insider whale investors has him on a mission to ensure his WEPE army can ”out-trade the hedge fund fraudsters.”
The WEPE token also offers a passive income opportunity through its staking feature, offering a 28% annual yield.
You can buy WEPE tokens from the official website for $0.00036645 using ETH, USDT, or a bank card.
Buy before a price increase in less than 10 hours to lock in the best deal.
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