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The Pepe Unchained price pumped 5% in the last 24 hours to trade at $0.01160 as of 9:16 p.m. EST on trading volume that dropped 4% to $3 million.
Pepe Unchained Price Gearing Up Towards A Breakout
The Pepe Unchained price chart analysis on the 4-hour timeframe shows a distinct bearish trend over the past two weeks characterized by a downward-sloping price action. PEPU price has formed a falling wedge pattern, indicating consistent lower highs and lower lows.
This formation often suggests the possibility of a breakout to the top, with the price of Pepe Unchained now touching the upper boundary of the wedge around the current price, according to data from GeckoTerminal.
The 50-day Simple Moving Average (SMA) is trending downward as a dynamic resistance. Price action remains below this key level, signaling continued weakness in momentum.
The narrowing range within the channel suggests a potential breakout in the near future, with traders keeping an eye on either direction.
Moreover, the Relative Strength Index (RSI) is currently at 46.05, sitting in neutral territory but closer to the oversold zone. This suggests that the selling pressure has cooled, but there is no clear indication of buying strength returning.
A drop below 40 could indicate further bearish momentum, while a rise above 50 might signal a potential bullish reversal.
The Moving Average Convergence Divergence (MACD) is also bullish, as the blue MACD line crosses above the orange signal line, signaling a bullish crossover.
Pepe Unchained Price Prediction
Based on the falling wedge pattern and the current state of indicators, the Pepe Unchained price appears to be nearing a potential breakout point. If the price of Pepe Unchained breaks above the channel’s upper boundary, particularly above the 50-day SMA at $0.01294, it could trigger a bullish move toward the $0.01500-$0.01600 range.
Conversely, if the Pepe Unchained price breaks below the channel’s lower boundary, the next support lies around $0.01000, which could extend the bearish trend further. For more precise direction, traders should watch for a volume surge and confirmation from indicators like the RSI and MACD.
As the Pepe Unchained price aims for a bullish rally, investors are piling into a new Pepe alternative called Wall Street Pepe (WEPE). Cryptonews, a popular crypto channel with over 13K subscribers, says WEPE could be the next massive degen play.
A Promising Alternative To Pepe Unchained
Wall Street Pepe is an emerging ICO that has gained significant attention in the crypto community, particularly among meme coin investors, as it races past $37.1 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 in that way outsmart secretive whale investors.
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.
Out here making history. Feeling bullish. 🐸 ⚔️ pic.twitter.com/LlI8KkWfL7
— Wall Street Pepe (@WEPEToken) December 15, 2024
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.
WEPE hates insider whale investors and he aims to ensure his WEPE army can ”out-trade the hedge fund fraudsters.”
The WEPE token also comes with a passive income opportunity through its staking feature, which offers a 35% annual percentage yield (APY).
You can buy WEPE tokens from the official website for $0.0003658 using ETH, USDT, or a bank card.
Buy before a price increase in a little more than 2 hours to lock in the best deal.
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