{"id":561668,"date":"2024-08-07T08:29:34","date_gmt":"2024-08-07T08:29:34","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=561668"},"modified":"2024-08-07T06:13:29","modified_gmt":"2024-08-07T06:13:29","slug":"pepe-price-prediction-pepe-pumps-5-but-investors-are-flocking-to-this-pepe-2-0-with-a-259-apy","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/pepe-price-prediction-pepe-pumps-5-but-investors-are-flocking-to-this-pepe-2-0-with-a-259-apy","title":{"rendered":"Pepe Price Prediction: PEPE Pumps 5%, But Investors Are Flocking To This PEPE 2.0 With A 259% APY"},"content":{"rendered":"

The Pepe price surged 5% in the last 24 hours <\/span>to trade at $0.000008187<\/span><\/a> as of 00:42 a.m. EST on trading volume that plunged 50% to $1.6 billion.<\/span><\/p>\n

This comes as the crypto market recovers from a market crash on Monday that saw BTC drop below $50,000. With BTC rebounding to $57,000, the market seems to be recovering as investors buy the dip, with PEPE now on a sustained bullish trend reversal.<\/span><\/p>\n

Pepe Price Aims To Continue With The Bullish Reversal<\/h2>\n

The Pepe price soared from mid-July to the end of July, soaring to the $0.00001288 resistance level, according to data from <\/span>GeckoTerminal<\/span><\/a>. The bears took control of the price at this level, as the price of Pepe dropped, forming a rounding bottom pattern.<\/span><\/p>\n

PEPE then breached the neckline at $0.000008534 to drop to the $0.000006024 support level. The bulls then took over, as the price of Pepe has been on a sustained bullish trend reversal, with the price now trading within the neckline.<\/span><\/p>\n

The Relative Strength Index (RSI) is rebounding from the 30-oversold region. It is currently trading at 49 and still soaring on the 4-hour chart. With the RSI soaring, it shows that buyers have the upper hand.<\/span><\/p>\n

Moreover, the Moving Average Convergence Divergence (MACD) also shows that the token is currently on a bullish trend, as the MACD lines rebound from below the neutral line. The blue MACD line also crosses above the orange signal line, an indication of a bullish crossover.  <\/span><\/p>\n

\"Pepe
Pepe Price Chart Analysis Source: GeckoTerminal.com<\/figcaption><\/figure>\n

Pepe Price Prediction<\/h2>\n

The Pepe price analysis indicates that Pepe is gearing up towards a bullish trend reversal. With the RSI and MACD showing that buyers are now adding to their positions, the price of Pepe could rebound back to $0.00001037, which coincides with the 50-day Simple Moving Average (SMA).<\/span><\/p>\n

Furthermore, the 50-day SMA is now crossing above the 200-day SMA, forming a golden cross at $0.000010551, which provides more bullish prospects for optimistic investors.<\/span><\/p>\n

However, the token still trades below both the 50-day and 200-day SMAs, which brings in some bearish prospects for the token. If the bears capitalize on this, Pepe could retrace back to the $0.0000060 support level.<\/span><\/p>\n

Meanwhile, investors are also buying a new Pepe alternative called <\/span>Pepe Unchained (PEPU)<\/span><\/a>, which has already raised over $7.5 million in its blockbuster presale.<\/span><\/p>\n

Pepe Unchained Presale Blasts Past $7.5 Million – Best Pepe Alternative To Buy Now?<\/b><\/h2>\n

Pepe Unchained aims to follow in the footsteps of PEPE, which has continued to rule the charts despite a deluge of new meme coins since its launch.<\/span><\/p>\n

However, PEPE is built on the Ethereum blockchain, and is handicapped by the clunky network’s delays and rising gas fees.<\/span><\/p>\n

Pepe Unchained is a big upgrade on that as it comes with its own native Layer 2 chain on Ethereum’s network. This move not only liberates it from Ethereum’s limitations but also brings unprecedented speed, scalability, and significantly lower fees.<\/span><\/p>\n

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Who needs some Brain Powder?<\/p>\n

Pepe is gearing up for the official launch of his very own blockchain! 🚀 pic.twitter.com\/kZC72UmxFy<\/a><\/p>\n

— Pepe Unchained (@pepe_unchained) June 20, 2024<\/a><\/p><\/blockquote>\n