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The VeChain price has surged 18% in the last 24 hours to trade at $0.04306 as of 7:59 p.m. EST on trading volume that skyrocketed 202% to $749 million, according to CoinGecko.
VeChain Price On A Sustained Rally
The VeChain price has experienced a sustained bullish parabolic rise (black channel) after a rising channel pattern, with a sharp upward move indicating strong buyer interest.
The continued rally can be confirmed by both the 50-day and 200-day Simple Moving Averages (SMAs), which is also an indication that the bulls have full control of the price.
Furthermore, the Relative Strength Index (RSI) is in the overbought zone at 70, suggesting that the asset has been heavily bought recently. This could indicate potential cooling off or consolidation in the near term, although strong trends can remain overbought for an extended period.
The Moving Average Convergence Divergence (MACD) is in a strongly bullish phase, with the blue MACD line sharply above the orange signal line. The growing histogram bars also indicate increasing bullish momentum.
VET/USDT Chart Analysis (Source: Tradingview)
VeChain Price Prediction
The VET/USDT chart analysis on the 4-hour timeframe shows that the asset has been in a continued upward trend, confirmed by the recent parabolic curve pattern. The bulls aim to capitalize on the main indicators, including the RSI and MACD to keep the price soaring.
If the VET price bulls maintain the current trend, the price of VeChain could soar to the next possible target and resistance at $0.055.
However, if the bears move to cool off the recent upward trend, the VeChain price could plunge back to the 50-day SMA at $0.0330.
As the VET price bulls aim for a sustained bullish rally, investors are going all-in on the Pepe Unchained ($PEPU) presale, which has less than 19 days left.
Whale investors continue to pile into the project, with the two latest mega buys for $220K and $100K.
YouTube channel 99Bitcoins, with over 706K subscribers, says PEPU has the potential to turn $1k into $10k after launch.
Pepe Unchained Presale Amasses Over $40 Million, Ends In 19 Days
Pepe Unchained is gaining significant attention in the crypto community as a promising Layer 2 (L2) project that builds on the success of its predecessor, Pepe.
With less than 19 days remaining before its launch on major exchanges, the project is already one of the most successful presales ever after raising over $40 million.
The idea behind Pepe Unchained is that it will free the original PEPE from his suboptimal life on the clunky, slow, inefficient Ethereum blockchain to embrace the future.
The project is set to tackle the scalability, speed, and efficiency issues that often plague meme coins built on Layer 1 blockchains like Ethereum.
Who needs some Brain Powder?
Pepe is gearing up for the official launch of his very own blockchain! 🚀 pic.twitter.com/kZC72UmxFy
— Pepe Unchained (@pepe_unchained) June 20, 2024
Pepe Unchained has also introduced its new Pepe’s Pump Pad feature, a meme coin launchpad that will challenge Solana’s Pump.fun.
PEPU tokens can also be staked for an annual yield of 66%.
The phenomenal success of its presale has led to speculation that PEPU could be the next meme coin to snare a listing on Coinbase, or even Binance.
After its listings on Coinbase and Robinhood last week, the Pepe price went parabolic.
We’ve been approached by several Tier 1 exchanges interested in $PEPU.
While this is an exciting opportunity that will boost visibility and liquidity, it also requires careful planning to ensure the best possible launch.
— Pepe Unchained (@pepe_unchained) September 18, 2024
You can buy PEPU tokens for $0.01295 each using ETH, USDT, or a bank card.
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