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The PepeCoin price has soared 17% in the last 24 hours to trade at $2.64 as of 2 a.m. EST on a 15% surge in trading volume to $4.5 million.
PepeCoin Price Breaks Above The Descending Channel
The daily price action of PepeCoin (PEPECOIN/USD) indicates key technical indicators such as moving averages, RSI, and MACD.
The price was previously in a downtrend within a descending channel, but it has recently broken out of this pattern, signalling potential bullish momentum. This breakout is significant as it often indicates a shift from a bearish to a bullish trend.
PEPECOIN/USD Analysis Source: Dextools.io
The 50-day moving average, below the 200-day moving average, typically suggests a bearish trend. However, the price has recently moved above the 50-day moving average, hinting at a possible change in trend direction.
The 200-day moving average, now near $3.06, serves as a key resistance level that could challenge further upward movement.
The RSI is currently at 63.69, which is below the 70 mark. This level indicates that while the asset is gaining upward momentum, it hasn’t yet reached the overbought territory.
This implies that buyers are still in control, and the price could rise further before the buying pressure weakens or a potential pullback occurs.
However, if the RSI approaches or exceeds 70, it would signal that the asset might be overextended, and traders should be cautious of a potential reversal or consolidation.
The MACD line crossing above the signal line indicates a bullish crossover, suggesting stronger short-term momentum.
The positive and growing histogram further confirms this bullish trend, signalling increasing momentum and supporting the potential for PepeCoin’s price to rise if favourable market conditions persist.
PepeCoin Price Prediction: Bulls Poised For A Rally
Given the current indicators, including the MACD showing bullish momentum and the RSI still below the overbought level, there is a strong possibility that PepeCoin could reach the $4.00 target in the near to medium term.
The reward zone is identified above $2.50, However, if the price faces significant resistance at the 200-day moving average, it may consolidate or pull back towards the support zone around $1.00 before attempting another upward move.
Therefore, the prediction is that PepeCoin has the potential to rise to $4.00, provided it can overcome the key resistance levels and maintain its current bullish momentum.
Pepe Unchained Storms Past $10 Million – Best Crypto To Buy Now?
As the PepeCoin price gears up for a possible rally, investors are flocking to buy a new PEPE derivative meme coin called Pepe Unchained (PEPU), which has just hurtled past $10 million in funds raised.
According to 99Bitcoins, a prominent crypto channel on YouTube, $PEPU is among the best cryptos to buy now with 100x potential.
Pepe Unchained brings real utility and scalability and comes with its own Layer 2 blockchain.
Layer 2 networks help relieve the congestion on the Ethereum mainnet by processing transactions off-chain, resulting in faster and cheaper transactions while still benefiting from Ethereum’s robust decentralization and security.
Pepe Unchained takes full advantage of these benefits, offering transaction speeds up to 100 times faster than Ethereum and at a much lower cost.
Pepe Unchained will alter the course of meme coins forever.
The whole world is starting to take notice.
$10 Million Raised.
This is a MONUMENTAL MILESTONE! Get ready for fireworks! pic.twitter.com/yrmU0WuvhV
— Pepe Unchained (@pepe_unchained) August 22, 2024
Pepe Unchained also provides staking rewards that currently stand at 198%. Almost 300 million $PEPU tokens have been staked.
But these high returns are available on a first-come, first-served basis and will decrease as more tokens get staked. So, those who join the presale early will have the best chance to maximize these exceptional rewards.
Currently, $PEPU tokens are available for purchase at $0.0092364 each. Act now to secure the best deal before a price hike in less than 21 hours.
To join the presale, buy $PEPU tokens here using ETH, USDT, or a bank card.
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