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BOOK OF MEME leads meme coin gainers with a 61% surge, breaking a six-month downtrend, while Pepe Unchained raises nearly $20 million in presale.
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BOOK OF MEME set to rally on chart strength
As meme coin prices surge, can Pepe Unchained explode next?
BOOK OF MEME is leading among meme coin gainers this week with a 61% pump. It remains down 62% from it’s all-time high (ATH) but has broken out from a six-month downtrend.
With a shift in momentum from bearish to bullish, there is a swelling excitement about further gains.
Analysts are also seeking newly launched meme coins that could print significant returns. New project Pepe Unchained has also proved in high demand, with its ongoing presale raising close to $20 million so far.
You might also like: Book of Meme sees gains as Pepe Unchained ICO raises $1 million
BOOK OF MEME set to rally on chart strength
After months of a lackluster performance, BOOK OF MEME has displayed a decisive swing in momentum.
Its recent strength may place it in a favorable position for gains against other Solana meme coins in the coming weeks.
As the chart below shows, BOOK OF MEME may be at an inflection point against WIF. Its price has seen a vertical ascent this week, while WIF has only taken marginal steps higher.
Moreover, BOME is swiftly closing the gap on Ethereum meme coins Mog Coin and First Neiro On Ethereum.
While BOME is up 20% today, Mog Coin is at break even, and First Neiro On Ethereum is up 4%.
That said, we must consider the risk of bottom buyers taking profits and rotating into other meme coins due to its seismic rally this week.
But according to leading crypto trader Bluntz – who accurately predicted Dogwifhat’s all-time high (ATH) in March – the BOME bull market party is just starting.
After breaking a bearish trendline resistance, BOME is now breaking from an accumulation zone, laying the way for a rally to new highs.
According to Bluntz, BOOK OF MEME will reach highs of $0.03 in early 2025.
Meanwhile, Solberg Invest looks toward its previous highest daily close, around $0.021, as a potential target.
The analyst also notes BOME’s recent trendline breakout, which signals an influx of buying pressure and interest in the token.
With BOME turning bullish after a multi-month downtrend, we can expect significant growth ahead. Bluntz’s $0.03 target seems optimistic but reasonable, given that it is comparable to BOME’s current ATH.
However, traders must also account for potential volatility in the short term. Those who accurately timed the bottom may begin to take profits, causing the BOME price to retrace and retest key levels.
Nevertheless, those seeking a long-term position may want to act now. While awaiting a potential 10-20% pull back, traders risk missing a 200% gain, should BOME reach Bluntz’s target.
As meme coin prices surge, can Pepe Unchained explode next?
Even a minor uptick in the Bitcoin price has sent meme coins skyrocketing.
The “meme coin supercycle” thesis becomes harder to deny every week, and Pepe Unchained is a new project looking to take full advantage.
Fueled by a flurry of big whale investments, the Pepe Unchained presale is surging toward the $20 million raised milestone.
They’re raising funds to build the world’s first Pepe-themed Ethereum layer 2 blockchain, which will include a dedicated Ethereum bridge, a block explorer, staking, and more.
Fees will be a fraction of those on the Ethereum main network, and speeds will be magnitudes higher. Low fees and high speeds are why Solana meme coins have exploded in popularity, but now users can experience the same thing but with Ethereum’s security and decentralization.
The concept is garnering significant attention online, with multiple exciting predictions flowing in. For instance, joke token expert Meme Coin Max says it will 100x.
Investors can grab PEPU tokens at a discounted presale price of $0.00999. However, this will rise throughout the ICO, with the next increase in one day.
To learn more about PEPU, visit the Pepe Unchained presale.
Read more: Solana memecoins vs utility tokens: Book of Meme, ETFSwap, Popcat
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