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The SuperRare price surged over 30% in the last 24 hours to trade at $0.2684 as of 6:55 a.m. EST as investors accumulate the meme coin at a rapid pace.
With this strong 24-hour performance, the RARE price added to an impressive weekly gain that now stands at 228%.
The SuperRare Price Attempting To Flip Resistance Into Support
4-hour chart for RARE/USD (Source: GeckoTerminal)
The SuperRare price is trading in an ascending price channel after it printed a series of higher highs and higher lows on the 4-hour chart over the past 24 hours.
Now, the crypto is attempting to flip the resistance level at $0.2718 into support. Closing a 4-hour candle above this threshold could give the crypto the technical foundation needed to rise to the next mark at $0.3458.
This bullish thesis might be invalidated if the SuperRare price is rejected by the $0.2718 resistance level. In this alternative scenario, RARE could test the immediate support level at $0.1979.
Falling below this key price point might then lead to the altcoin’s price falling to as low as $0.1371 in the short term.
The SuperRare Price On The Verge Of Triggering A Bullish Flag
A major bullish technical flag is on the verge of being triggered by the Moving Average Convergence Divergence (MACD) indicator on the 4-hour chart. Throughout the past 24 hours, the MACD line has risen towards the MACD Signal line.
The MACD line is now attempting to cross above the MACD Signal line. Should this intersection happen, it could indicate that the SuperRare price has entered a short-term positive trend.
Meanwhile, trading activity around the coin has subsided throughout the past 24 hours. This is evident by the shrinking margin between the upper and lower bands of the Bollinger Bands indicator.
If the two bands continue to converge, it could lead to a price squeeze. RARE could subsequently break out or break down.
The SuperRare price is also approaching the upper limit of the aforementioned positive price channel, which is confluent with the upper band of the Bollinger Bands indicator on the 4-hour chart as well as the $0.2458 resistance level.
All of these together could act as a strong technical barrier that investors and traders will want to keep an eye on.
While the SuperRare price approaches a major resistance level, the Pepe Unchained (PEPU) presale is accelerating toward $10 million after raising $700k in the last 4 days.
Taking PEPE To A Much Higher Level
Pepe Unchained (PEPU) is on a mission to elevate the popular Pepe meme coin to the next level.
Up until now, the frog-themed token has been unable to reach its full potential due to the limited scalability of the congested Ethereum network, which is the chain Pepe is currently hosted on.
To free Pepe from Ethereum’s shackles, Pepe Unchained will launch its own layer-2 network.
This will take the meme coin’s transaction processing off of the Ethereum mainnet, giving investors and token holders a meme coin that is 100 times faster and much cheaper to send and receive. All of this will be consolidated into the new PEPU token.
Despite being on its own chain, investors are still able to seamlessly shift their value between the Ethereum and Pepe Unchained network thanks to cutting-edge bridging technology.
This unlocks the dual benefit of Ethereum’s robust security and Pepe Unchained’s lightning-quick speeds, giving token holders access to an unprecedented transaction experience.
With all the project has to offer, it’s easy to see why YouTuber Austin Hilton told his 273,000 subscribers that he is bullish on Pepe Unchained.
Investors Rush To Get PEPU At ICO Prices
Pepe Unchained has raised more than $9.7 million through its ICO so far, and is on track to surpass the $10 million mark soon.
Another potential reason for this investor frenzy at this early stage could be the 203% Annual Percentage Yield (APY) on offer.
Anyone who purchases and stakes PEPU during its ongoing presale can gain access to these rewards.
We’ve just hit $9.5M!
So close to the next big milestone! Pepe Unchained is unstoppable and we’re only getting started. Huge thanks to everyone on this journey with us! 🐸🚀 pic.twitter.com/l5SOUSpkJF
— Pepe Unchained (@pepe_unchained) August 20, 2024
The first step is to acquire the token via the simple buy widget embedded on the project’s website.
Selling for $0.0091996, the meme coin can be purchased using either ETH, USDT, BNB or bank card.
Once purchased, the tokens will need to be locked up via the staking page to get in on the 203% APY.
Investors will want to hurry if they want to get the best deal because PEPU’s price is scheduled to increase in less than 23 hours. Its price will also increase with each subsequent stage of the presale.
Purchase and stake PEPU here for the 203% APY before its price increases.
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