The Pepe price plunged 5% in the last 24 hours to trade at $0.00001996 as of 11:23 p.m. EST on trading volume that tumbled 28% to $2.7 billion.
Pepe Price Aims For A Bullish Trend Reversal
The Pepe price trend is bullish in the short term, with a notable breakout from a consolidation phase in October followed by a sharp upward move in November.
The $0.0000080 level at the beginning of November has allowed the PEPE price to trade well above both the 50-day and 200-day Simple Moving Averages (SMAs). This adds to the general bullish trend, according to data from GeckoTerminal.
Despite the current slight downtrend from the $0.0000240 resistance, the Pepe price is still preparing for an upwards surge above the falling channel.
Meanwhile, the Relative Strength Index (RSI) is at 62, which suggests that while the upward momentum has slowed, there is still room for the price to rise before becoming overbought again.
If the bulls successfully stage a bullish trend reversal, the price of Pepe could surge over the current falling channel, as the bulls target the next possible target at $0.0000250.
PEPEUSD Chart Analysis Source: GeckoTermin
Conversely, in a scenario where the bears continue pushing the price of Pepe down, the asset could go through a correction to the 50-day SMA at $0.00001355.
As the Pepe price prepares for another leg up, investors are piling into the Pepe Unchained (PEPU) presale. 99Bitcoins, a crypto channel on YouTube with over 706K subscribers, says PEPU could surge 100X when it launches.
Pepe Unchained Presale Roars Past $57 Million- Buy Before ICO Ends In 14 Days
Pepe was originally built on the Ethereum blockchain and has long been hampered by its Layer-1 technology, which has high fees, slows speeds, and frequent delays.
Pepe Unchained — Groundbreaking Layer 2 Blockchain technology.
Welcome to the future of meme coins. 🐸 pic.twitter.com/iC9b6YSynT
— Pepe Unchained (@pepe_unchained) September 6, 2024
Pepe Unchained is a token based on PEPE devising a plan to break free from his chains and embrace the future with Pepe Unchained. The project is also set to tackle the scalability, speed, and efficiency issues that are dragging Pepe back.
Investors continue to snap up PEPU tokens, with the presale now amassing more than $57.6 million.
Pepe Unchained is preparing for its market debut, sparking excitement among investors after the team announced plans for major exchange listings. This has fueled speculation about whether the most successful presale of the year will be listed on Binance, Coinbase, or both.
We’ve been approached by several Tier 1 exchanges interested in $PEPU.
While this is an exciting opportunity that will boost visibility and liquidity, it also requires careful planning to ensure the best possible launch.
— Pepe Unchained (@pepe_unchained) September 18, 2024
With the launch of Pepe Unchained scheduled for approximately December 13, investors have just 14 days left to join one of the most successful presales of all time.
You can buy $PEPU tokens for $0.01295 each, and stake them for an annual percentage yield of 59%.
Buy $PEPU from the official website here using ETH, USDT, or a bank card.
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