The Nubcat price surged more than 9% in the past 24 hours to trade at $0.01998 as of 7:35 a.m. EST as investors rush to buy the meme coin.
Despite the recent gain, the NUB price is still down over 20% for the week. It has also not recovered from its poor performance over the past 30 days, and remains in the red by more than 56% on the longer timeframe.
The Nubcat Price Trying To Flip A Major Resistance Level
4-hour chart for NUB/USD (Source: GeckoTerminal)
The Nubcat price was able to escape a negative price channel in the last couple of days. Shortly after exiting this descending channel, the crypto broke above the major resistance level at $0.01928. A 4-hour candle close above this threshold could then give NUB the foundation needed to rise to the next major resistance level at $0.02351.
An extremely bullish scenario could see the Nubcat price soaring to as high as $0.02880 in the short term. However, this might not happen if NUB fails to close a 4-hour candle above $0.01928 within the next 12 hours. Failure to flip this level into support could lead to the crypto falling to the immediate support at $0.01547.
A break below this technical safety might then result in the Nubcat price re-entering the bearish price channel.
Technicals Warn The Nubcat Price Is Starting To Lose Some Of Its Bullish Strength
Technical indicators on NUB’s 4-hour chart show that the Nubcat price is in a positive phase. More specifically, the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) are flagging bullish. However, these indicators are starting to show signs that the crypto is losing some of its bullish strength.
The MACD line is currently positioned above the MACD Signal line. Traders usually see this specific orientation as a sign that a crypto is in a positive short-term cycle. Meanwhile, RSI readings over the last 8 hours have been above the key 50 benchmark to suggest buyers have control of the Nubcat price.
Traders and investors will want to keep an eye on these technical indicators. The RSI has started to slope negatively, which could be an early warning of an upcoming bearish trend reversal. Concurrently, the MACD line has started to level off, which could indicate that NUB’s positive cycle might soon come to an end.
While NUB shows signs of diminishing bullish strength, investors continue to flock to the layer-2 meme coin derivative Pepe Unchained (PEPU).
Empowering PEPE Via A Dedicated Network
Pepe Unchained (PEPU) aims to overcome PEPE’s current limitations by breaking the frog-themed meme coin’s Ethereum shackles. To accomplish this, Pepe Unchained is launching a new version of the popular crypto that will be housed on its own layer-2 blockchain network.
Power Up Notice!
Pepe is about to bring something big 🐸💪 pic.twitter.com/aBwy1zgBZM
— Pepe Unchained (@pepe_unchained) July 8, 2024
By having a dedicated network, PEPU will unlock transaction speeds that are 100 times faster than that of Ethereum, while also slashing network fees. Investors will, however, still be able to instantaneously bridge their assets between the Pepe Unchained and Ethereum blockchains.
This gives investors the ability to enjoy Pepe Unchained’s fast speeds and low fees while also protecting their immobile assets on the secure Ethereum network. There will also be a native blockchain explorer for Pepe Unchained, enabling token holders and investors to view their transactions with ease.
Pulling Capital In At A Rapid Pace
Pepe Unchained’s ICO recently surpassed the $3 million milestone. Buyers are not the only ones bullish on Pepe Unchained’s potential, as popular YouTuber Jacob Crypto Bury recently shared his optimistic outlook for the meme coin, saying PEPU could be the next 10x meme coin to hit the crypto market.
While investors and analysts try to gauge PEPU’s speculative potential, there is a lucrative staking opportunity on offer for presale buyers. Anyone that purchases and stakes PEPU at this early stage will become eligible for up to 618% in annual rewards.
Getting in on this project is easy. Investors just need to acquire the token through the simple buy widget embedded on the project’s website. The crypto is currently selling for $0.0083591, and can be bought using either ETH, BNB, USDT or bank card.
The price will be hiked in a little more than 36 hours so don’t wait too long if you are interested to join the project. Once purchased, PEPU tokens will need to be staked to gain access to the lucrative opportunity.
Purchase and stake PEPU here for up to 618% in annual rewards.
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