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The PepeCoin price surged 10% in the last 24 hours to trade at $2.42 as of 03:29 a.m. EST on trading volume that soared 8% to $4.3 million.
PEPECOIN rose despite the meme coin space dropping 1% in the last 24 hours to a $41 billion market capitalization.
PEPECOIN Price Bulls Remain Uncertain
The PepeCoin price has been on a continued downtrend since August 26, as the price dropped from the $3.31 resistance to the $2.0 support zone. The bulls then used this support to push the price of PepeCoin up to the $2.34 resistance, forming a rounding bottom pattern.
With the push toward the resistance, PEPECOIN now trades above both the 50-day and 200-day Simple Moving Average (SMA).
Moreover, the Relative Strength Index (RSI) is climbing up towards the 70-overbought region, currently at 69, showing an increase in buying pressure.
The Moving Average Convergence Divergence Convergence (MACD) also shows that the asset is in positive momentum, with the MACD now climbing above the neutral zone.
PEPECOINUSDT Chart Analysis (Source: Tradingview)
Conversely, the 200-day SMA has crossed above the 50-day SMA, forming a death cross at $2.28, which could start a bearish trend. The presence of a Fair Value Gap (FVG) between $1.93 and $1.74 could also prompt a bearish trend.
In such a scenario, the bears may push the PepeCoin price back to the $1.74 support.
Meanwhile, investors are rushing to buy another PEPE alternative, Pepe Unchained (PEPU), which has raced to within a whisker of $13 million in funds raised in its ICO.
According to 99Bitcoin, a prominent crypto channel on YouTube with over 706K subscribers, PEPU is a gem that has the potential to soar 100X after its launch.
Pepe Unchained Presale Surges Past $12.9 Million
In just over three months, Pepe Unchained has quickly established itself as a solution to the current kinks in Pepe ownership and is emerging as a formidable contender in the future meme coin landscape.
More importantly, its Layer 2 solution is shaping up to be a potential meme coin launchpad that could outpace competitors such as Solana’s Pump.fun and Tron’s SunPump.
THIS is how it feels to enter the Pepe Unchained presale.
LFG pic.twitter.com/PY4ir9mLRU
— Pepe Unchained (@pepe_unchained) September 8, 2024
Pepe, originally built on the Ethereum blockchain, has long been confined by its Layer-1 technology, which is hindered by network delays and rising gas fees.
Pepe Unchained is a token that is based on PEPE devising a plan to break free from his chains and embrace the future.
Token holders can earn passively through the platform’s staking system, which offers 159% in annual rewards.
$PEPU tokens are currently priced at $0.009651. That price is set to increase in a little more than a day, so buy soon if you are interested.
To join the presale, buy $PEPU from the official website here using ETH, USDT, or a bank card.
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