The Pepe price plunged 9% in the last 24 hours to trade at $0.000009833 as of 06:47 a.m. EST on trading volume that soared 78% to $3.4 billion.
Pepe Price Bulls Aim For A Bullish Rally
The Pepe price seems to be rebounding from the sustained downtrend, as the bulls capitalized on the $0.000006550 support to push the price of Pepe, according to data from GeckoTerminal.
However, the price of Pepe still trades above both the 50-day and 200-day Simple Moving Averages (SMAs), supporting the likelihood that the price of Pepe could still be on a bullish stance.
If the bulls capitalize on the rounding bottom pattern and trading above the SMAs, the price of Pepe could continue soaring, as they target $0.000013.
PEPEUSD Chart Analysis Source: GeckoTerminal.com
Meanwhile, the Relative Strength Index seems to be retracing from the 70-overbought region as it heads down, showing that buyers are currently taking control of the price. The 50-day SMA also crosses below the 200-day SMA, forming a death cross at $0.000009085.
If the bears capitalize on these indicators, the Fair Value Gap (FVG) could offer the next support zone around $0.0000050.
As the Pepe bulls aim for a bullish trend reversal, the Pepe Unchained (PEPU) presale remains maximum bullish.
According to 99Bitcoins, a popular crypto YouTube channel with over 706k subscribers, PEPU could be the next 10x meme coin.Â
Pepe Unchained Closes On $17 Million
Pepe Unchained has crossed yet another milestone, raising over $16.9 million in its ongoing presale, one of the most successful of the year.
Who needs some Brain Powder?
Pepe is gearing up for the official launch of his very own blockchain! đ pic.twitter.com/kZC72UmxFy
â Pepe Unchained (@pepe_unchained) June 20, 2024
The funds being socked into the project shows that investors are buying into the idea that PEPE 2.0âs proprietary layer-2 blockchain is a winner that will make Pepe ownership faster and cheaper.
As its name suggests, Pepe Unchained frees PEPE from his old, clunky Layer-1 server room by giving it its own blockchain. Â
Pepe Unchained also allows investors to earn passively through its staking option, which offers an annual percentage yield of 127%.
You can buy $PEPU tokens for $0.0099 each. Buy before a price hike in less than 19 hours to lock in the best deal.
To join the presale, buy $PEPU from the official website here using ETH, USDT, or a bank card.
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