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The water price plummeted 23% in the last 24 hours to trade at $0.002124 as of 7:15 a.m. EST on trading volume that plunged 17% to $57.53 million.
This slump came despite crypto exchange Bitget adding WATER to its PoolX platform.
Water Price Rebounds On A Double Bottom Pattern
The WATER price has been steady within a tight range, settling comfortably at the $0.001731 support level which has formed a double bottom pattern suggesting a shift of the trend upwards.
This support has boosted bulls, pushing the price up to the $0.002366 resistance level as they aim for higher highs.
WATERUSD Analysis (Source: Dextools.io)
Despite a recent dip in bearish activity, bullish investors are gearing up to push the WATER price beyond the $0.002858 mark, hinting at a potential continuation of the upward trend.
Currently, the price is trading above both the 50 simple moving averages (SMA), which now supports WATER price upward momentum and reinforces the overall bullish sentiment in the market.
The MACD average line also crosses the signal line below the neutral level. Moreover, the green histogram bars are positive, indicating increased investor interest. This alignment suggests a strong bullish trend, with the MACD indicators showing positive momentum.
Additionally, the Relative Strength Index (RSI) has bounced back from the 30 oversold levels past the 50 midline level to 60 near the overbought level of 70, signalling intense buying pressure.
WATER Price Bulls May Push The Uptrend To A New High
Should WATER continue its upward trajectory, it could rally back to the previous resistance level, resting at $0.003545. This sustained upward movement suggests that in the upcoming weeks, there’s potential for WATER to reclaim its all-time high at $0.004958, indicating a substantial recovery in its market worth.
Conversely, WATER might face increased selling pressure if it struggles to breach this critical resistance. In such a scenario, attention would be drawn to the $0.001946 mark as a significant support level to monitor closely.
This level would become crucial in determining whether the WATER price continues to stabilize or experiences a further decline.
Pepe Unchained ($PEPU) Presale Blasts Past $1 Million
Meanwhile, the new meme coin Pepe Unchained ($PEPU) has rocketed past $1 million in funds raised in its presale.
🚀 $1,000,000 raised! 🚀
The ultimate chain is broken. From here on, we’re taking it to the next level. Get ready for the ultimate Layer 2 this summer. 🐸⛓️🧠 pic.twitter.com/tS2JSi8rHq
— Pepe Unchained (@pepe_unchained) June 27, 2024
Pepe Unchained (PEPU) stands out from other meme coins by introducing its native Layer 2 chain on top of Ethereum’s network. This move not only liberates it from Ethereum’s limitations but also brings unprecedented speed, scalability, and significantly lower fees.
With this dedicated network, Pepe Unchained is set to achieve transaction speeds 100 times faster than most meme coins hosted on Ethereum.
Who’s ready for the next stage of Pepe’s adventure? 🚀
A new dimension of Pepe has been unlocked! Join Pepe's Layer 2 now and experience the future. 🐸🧠 pic.twitter.com/8NGeDIdXUg
— Pepe Unchained (@pepe_unchained) June 26, 2024
The timing of Pepe Unchained’s market debut is advantageous, especially as Ethereum transaction fees rise and interest in meme coins remains high among investors.
In addition to its speculative appeal, the team behind Pepe Unchained will generously reward early buyers.
Those participating in the current presale have the chance to purchase the meme coin and gain access to a highly attractive staking opportunity that’s offering a 2,017% Annual Percentage Yield (APY).
Crypto YouTuber Jacob Bury says Pepe Unchained could be the next 10x PEPE derivative.
PEPU tokens are currently priced at $0.0080964 each. With a price hike scheduled in about two days, potential buyers shouldn’t wait too long before locking in the best deal.
Buy PEPU tokens on the official website here using ETH, USDT, BNB, or a bank card.
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