The Helium Mobile price surged over 72% in the last 24 hours to trade at $0.001832 as of 4:56 a.m. EST as investors go long on the altcoin.
With the strong 24-hour performance posted by the MOBILE price, the crypto has emerged as the biggest gainer in the past trading day among the biggest 100 cryptos by market capitalization.
Helium Mobile Price Forms An Ascending Trend Line
1-hour chart for MOBILE/USD (Source: GeckoTerminal)
The Helium Mobile price rebounded off of the $0.001552 support to print a higher low, resulting in the formation of a positive trend line on the altcoin’s hourly chart. MOBILE then went on to break above the $0.001801 resistance level and is attempting to flip the next major barrier at $0.002026 into support.
Should the Helium Mobile price breach the $0.002026 barrier through the course of the next 12 hours, it might then rise to as high as $0.002262 in the short term if buyers continue to exert pressure on the crypto’s price.
On the other hand, a rejection from the $0.002026 mark in the coming 12 hours might mark the end of MOBILE’s bullish move. In this alternative case, the crypto could retest the aforementioned $0.001801 support. A break below this recently-gained technical safety net might lead to the Helium Mobile price tumbling back down to the $0.001552 support.
Helium Mobile Price Starting To Lose Its Bullish Technical Strength
From a technical perspective, indicators on MOBILE’s 1-hour chart suggest the crypto’s bullish momentum has hit a roadblock as it tries to breach the $0.002026 resistance. Both the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) warn that a Helium Mobile price correction might soon ensue.
In the last few hours, RSI readings have plummeted from the high 70s to around the low 60s. This drop in RSI readings suggests bulls are losing their strength on MOBILE’s charts. Although there was a slight uptick in readings in the last couple of hours, the current negative slope of the RSI warns that buyers might lose even more strength in the coming 24 hours.
Meanwhile, the MACD line has crossed below the MACD Signal line. This specific technical event is often interpreted as a sign that a crypto has entered a negative trend. While the gap between the two lines has started to shrink, the relatively flat MACD Histogram gradient could suggest that a bullish crossover between the two lines might not happen any time soon.
While the Helium Mobile price stands the risk of undergoing a correction in the short term, investors are FOMO buying Layer 2 meme coin Pepe Unchained (PEPU) before its blockbuster presale ends in less than 11 days.
A Layer-2 Crypto About To Set A New Standard For Meme Coins
Pepe Unchained (PEPU) is a layer-2 meme coin that comes with unprecedented levels of utility. Central to the project is its mission to elevate the Pepe brand to new heights in the crypto space. To achieve this, Pepe Unchained will launch a new and improved PEPE on its native sidechain under the ticker PEPU.
Following its launch, investors will be able to send and receive crypto 100 times faster than what is possible with any meme coin deployed on the clunky and outdated Ethereum mainnet. Additionally, PEPU will allow holders to transact at substantially lower fees as well.
Pepe Unchained will also set a new precedent in meme coin utility following the recent launch of the team’s developer grant initiative. Approved software developers will now have the financial support needed to build the next best Web3 app on the Pepe Unchained network.
The project’s utility doesn’t stop there, however, because Pepe Unchained also aims to compete directly with the popular Solana token launchpad, Pump.fun.
With all the recent developments in the Pepe Unchained ecosystem, several crypto experts have shared their bullish predictions for PEPU.
Among them is an analyst from the 99Bitcoins YouTube channel, which has over 710K subscribers. In a recent video, the analyst said PEPU could be the next 100X meme coin.
Speculation Of A Binance Or Coinbase Listing Ignites A FOMO Frenzy Around PEPU’s Presale
Pepe Unchained has raised over $64.2 million through its ongoing presale. With less than 11 days left until the meme coin’s ICO ends, time is running out for investors to acquire the token before what its developer calls ”major exchange listings.”
That’s ignited speculation that the most successful presale of the year might win a coveted listing on either Binance or Coinbase.
Pepe's Brazilian Brain Lift is looking incredible! 🍑
Next he's gearing up for his BBL2! 🐸🧠 pic.twitter.com/ePhsmAZhNW
— Pepe Unchained (@pepe_unchained) November 30, 2024
A listing on either of these platforms could lead to a surge in PEPU’s price, similar to how PEPE went parabolic after it was listed on Coinbase.
Purchase PEPU here before major exchange listings.
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