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The Pepe price pumped 3% in the last 24 hours to trade at $0.000008293 as of 8:10 a.m. EST as investors accumulate the meme coin.
Despite this recent gain, the crypto is still more than 7% in the red on the monthly time frame.
The Pepe Price Stuck In A Sideways Channel
4-hour chart for PEPE/USD (Source: GeckoTerminal)
The Pepe price has been in a consolidation zone between $0.000007135 and $0.000008911 for the past few days. This period of sideways trading could be the build up to a strong move.
Should traders decide to push PEPE up in the coming couple of days, the meme coin might attempt to flip the resistance level at $0.000008911 into support. Thereafter, the crypto could have the technical foundation needed to rise to as high as $0.000011795 in the short term if traders decide to not take profit.
However, this bullish thesis could be invalidated if the Pepe price falls below the immediate support level at $0.000007135. In this alternative scenario, the meme coin could be at risk of plunging to the subsequent support at $0.000005582 in the following 24-48 hours.
Bullish Technical Signs Point To A Continued Rise In The Pepe Price
Technical indicators on PEPE’s 4-hour chart suggest the meme coin could continue climbing in the upcoming 24 hours. Both the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) are showing positive signs.
In the last few hours, the MACD line broke above the MACD Signal line. Traders usually see this technical event as a sign that a crypto has entered a short-term positive trend. What’s more, the growing gap between the two indicators might suggest PEPE’s bullish momentum is growing stronger.
Meanwhile, the current RSI reading is above the 50 benchmark. This is bullish, and indicates that buyers have the upper hand against sellers. Should bulls choose to capitalize on this advantage, it will be easier for them to push the Pepe price up in the next 24 hours than it will be for sellers to pull it down during the same period.
PEPE’s positive technical signs could prompt investors to continue pouring capital into the ICO for Pepe Unchained (PEPU), which has already raised over $8.7 million.
Introducing A Lightning-Quick, Super-Charged PEPE
Pepe Unchained (PEPU) aims to introduce an upgraded version of the popular PEPE meme coin to the market. Up until now, the frog-themed project’s potential has been fairly limited given the fact that it was minted on the congested Ethereum blockchain.
Through its own layer-2 network, Pepe Unchained not only strives to play a part in the growing Ethereum scaling ecosystem, it also aims to empower PEPE by taking transaction processing off of the base Ethereum mainnet.
In doing so, Pepe Unchained’s version of the meme coin will be able to achieve transaction speeds 100 times faster than any meme coin hosted on Ethereum. PEPU token holders will also be able to send and receive crypto at much lower costs, which could lead to increased on-chain activity.
Despite being its own blockchain, the Pepe Unchained network offers investors the dual benefit of Ethereum’s robust security framework with native high speeds, giving token holders the freedom to seamlessly bridge their assets between the Ethereum and Pepe Unchained networks.
With everything Pepe Unchained has to offer, it’s easy to see why many experts, including prominent crypto influencer Austin Hilton with 273,000 YouTube subscribers, believe that PEPU has massive growth potential.
Investors Bet Big On PEPU’s Future
With more than $8.7 million poured into PEPU’s ongoing presale, it’s clear that investors have a positive outlook towards the project’s future. A possible reason behind this extreme interest in the project could be the 225% APY on offer to anyone who buys and stakes PEPU at this early stage.
Pepe’s on fire! 🔥 We’ve hit $8.5M!
This journey is only getting more exciting, and we couldn’t have done it without you! pic.twitter.com/4ZsjnrAXAH
— Pepe Unchained (@pepe_unchained) August 13, 2024
Selling for $0.0090539, the token can be bought using either ETH, USDT, BNB or bank card via the simple buy widget embedded on the project’s website. Thereafter, the PEPU tokens will need to be locked up through the staking page on the website for the purchase to be eligible for the high staking rewards.
Purchase and stake PEPU here for the 225% APY.
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