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The RabBitcoin price has skyrocketed 327% in the last 24 hours to trade at $0.00001848 as of 9 a.m. EST on a 328% pump in trading volume to $22 million.
RabBitcoin Price May Continue The Uptrend
The price action for the RBTC/USDT pair displays a sharp bullish movement after a prolonged period of consolidation. For several days, the price traded within a narrow range around the $0.000004967 to $0.000005223 levels, indicating a stable phase that likely built up buying pressure.
A key signal emerged when the 50-period moving average crossed above the 200-period moving average, known as a “Golden Cross”, a classic bullish indicator, attracting more buyers, leading to the rapid upward momentum that followed.
RBTCUSDT Analysis Source: Tradingview
After the moving average cross, the price followed a parabolic curve, a steep, accelerating rise that often signals strong buying momentum. This led to a high of approximately $0.000029330, a remarkable jump from its consolidation level of around $0.000005223, indicating a substantial bullish sentiment and heavy buying activity.
RabBitcoin Price Indicators Signal More Uptrend Ahead
The price has retraced slightly, trading around $0.000017927, down by 6.73% from its intraday high. This pullback may indicate profit-taking by short-term traders or resistance at higher levels. Immediate resistance is now set around $0.000029330 (the recent high), while support is near the 50-period moving average around $0.000005223.
The Relative Strength Index (RSI) is at 62.69, down from a previous overbought peak of 78.90. This indicates that while there was strong buying momentum, the RabBitcoin price has exited extreme overbought levels, potentially signaling a cooldown period.
However, the RSI remains above 50, indicating ongoing bullish sentiment, though further retracement or consolidation may occur.
RabBitcoin has experienced a significant bullish breakout post-consolidation, with the moving average cross and parabolic curve playing pivotal roles in the price surge. RBTC is now facing resistance at recent highs, and the RSI hints at possible correction, though if buying pressure sustains, a retest of recent peaks is possible.
Is Pepe Unchained The Best Crypto To Buy Now?
As the RabBitcoin price soars 327%, the Pepe Unchained (PEPU) presale has surged past $27.7 million in funds raised after adding more than $1.7 million in just four days.
Whales continue to scoop up the meme coin, with the most recent moving in at the weekend to buy 4.6 million PEPU worth about $63k.
According to analyst and YouTuber Austin Hilton, with over 276k subscribers, PEPU will be massive once it launches.
Pepe Unchained (PEPU) seeks to free the original PEPE meme coin from the slow, clunky Ethereum blockchain.
That’s why it’s built on its own Layer 2 blockchain network, which comes with blistering speed, much lower costs, and better scalability. In short, it leaves Pepe trailing in the dust.
🚀 Pepe Unchained Closing In on $27M Presale Milestone! 🚀
With a promising ecosystem, high 91% APY staking rewards, and a Layer-2 "Pepe Chain" to tackle ETH bottlenecks, $PEPU is catching serious attention 🔥.
A growing community and backing from crypto influencers like… pic.twitter.com/J36k4DzfS0
— Zeus (@Zeus__099) November 11, 2024
Pepe Unchained has also launched a developer grant program to attract decentralized applications to its blockchain network, which could boost its total value locked and attract even more investors.
On top of that comes the recent unveiling of Pepe’s Pump Pad, a meme coin launchpad that will compete with Solana’s Pump.fun.
Investors can also also stake their PEPU tokens for a huge annual yield of 91%.
PEPU tokens are on sale for $0.01259 apiece and can be bought using ETH, USDT, BNB, or a bank card.
Buy before a price hike in less than 2 days to secure the best price.
Purchase PEPU on its official website here.
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