The Fud The Pug price has soared 33% in the last 24 hours to trade at $0.0000008144 as of 7:10 a.m. EST on a 35% surge in trading volume to $2.8 million.
Fud The Pug Price Breaks Out Of The Bullish Channel
The price action of the crypto pair FUDUSDT in a 2-hour timeframe indicates a strong bullish trend. The price has been moving within a clearly defined bullish channel, with higher highs and higher lows, which demonstrates consistent upward momentum.
The breakout above the channel, marked by yellow arrows, suggests a potential acceleration in price, especially if there is continued buying pressure.
The 50-period Simple Moving Average (SMA) has been acting as a support line, further confirming the bullish trend. Recently, the price bounced off the 50 SMA, reinforcing this level as a strong support. The 200-period SMA is positioned significantly lower, indicating that the asset is in a long-term uptrend.
FUDUSDT Analysis Source: Tradingview
The wide gap between the 50 SMA and the 200 SMA also suggests strong upward momentum in the medium to long term.
The Relative Strength Index (RSI) is currently around 62, which indicates positive momentum but is not yet in overbought territory. This means there is still room for the price to move higher before reaching a level where it may experience a correction. The RSI has fluctuated in recent sessions, suggesting that the market is still finding its footing but remains in a bullish zone.
The price action has shown some consolidation at the lower part of the bullish channel, followed by a strong upward movement. The current price appears to have experienced a brief retracement but is still holding above key support levels, such as the 50 SMA and the breakout area.
Generally, the price shows a continuation of the bullish trend, with the potential for further gains if support levels hold and the buying pressure remains strong. However, it is important to keep an eye on the RSI, as the price could face a pullback if it reaches overbought conditions.
Pepe Unchained Presale Zooms Past $17 million
The bullishness around the Fud The Pug price is more than matched by that surrounding Pepe Unchained (PEPU), a Layer 2 meme coin that has just crashed through $17 million in funds raised in its blockbuster presale.
Prominent YouTuber ClayBro, who boasts over 130K subscribers, speculates that the PEPU price could explode 100X after it launches.
Pepe Unchained is one of the most successful meme coin ICOs this year. It has attracted a lot of attention and money because it is the first Pepe-inspired meme coin with its own blockchain.
Unlike the original Pepe, which is based on Ethereum and limited by its older technology, Pepe Unchained uses its own Layer-2 blockchain, making it unique among other frog-themed meme coins. This new blockchain allows for faster, cheaper, and more scalable transactions.
The Breaker of Chains strikes again!
$17M raised đď¸ pic.twitter.com/dTpGIkooRO
â Pepe Unchained (@pepe_unchained) October 2, 2024
PEPU tokens are selling currently at $0.00991 each and interested investors can buy using ETH, BNB, USDT, or bank cards. With the price set to increase in a little less than 31 hours, buy soon for the best deal.
Buy PEPU tokens on the official website here.
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