The LandWolf price has soared 23% in the last 24 hours to trade at $0.0000265 as of 7:05 a.m. EST on an 11% surge in trading volume to $1.2 million.
LandWolf Price May Continue The Surge Above The Cup And Handle Pattern
The LandWOLF price on a 4-hour timeframe shows a clear cup and handle pattern, which is a bullish reversal pattern. This pattern often signals a potential breakout to the upside, indicating that the price could rise further.
Currently, the price is trading at $0.00002629, representing an 8.1% increase. The neckline of the cup and handle pattern, which acts as key resistance, is around $0.00002569.The price has broken above this level, indicating the possibility of a breakout.
In addition, the price is currently trading above both the 50-period simple moving average (SMA) at $0.00002173 and the 200-period SMA at $0.00002269, both bullish signs.
WOLFUSD Analysis Source: Dextools.io
Looking at the technical indicators, the MACD shows continued bullish momentum. The MACD line is above the signal line, and the histogram remains positive, reflecting growing buying pressure.
The RSI stands at 65.40, which is nearing overbought territory but still shows room for further upward movement of the LandWolf price before the bullish rally takes over.
The breakout from the cup and handle pattern indicate that the price is likely to continue rising toward the reward zone, with the next key resistance level at $0.00003200.
However, if the price fails to hold the breakout, the neckline around $0.00002569 could be a support level.
A breakdown below this support could lead to a bearish reversal, potentially lowering the price to $0.00002173.
Pepe Unchained ICO Nears $13 Million: Next Meme Coin To Explode?
The Bullish enthusiasm for the LandWolf price is also seen in the Layer 2 meme coin Pepe Unchained (PEPU), which is approaching $13 million in funds raised in one of the year’s most successful ICOs.
Popular YouTuber ClayBro, with over 130k subscribers, says that Pepe Unchained could even lead the meme coin sector after its launch.
Until now, the performance of the OG PEPE has been hindered by high transaction fees and slow processing times due to its reliance on the congested Ethereum network, resulting in a less-than-ideal user experience.
Pepe Unchained seeks to solve these issues by transitioning PEPE’s transactions to its own sidechain. This move will provide PEPE users with transaction speeds up to 100 times faster than any meme coin on Ethereum while lowering fees to just a fraction of the current costs.
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
Additionally, Pepe Unchained’s Layer-2 network could open doors for future meme coin projects, enhancing the utility and functionality of this playful sector of the crypto market.
The project also offers an 158% Annual Percentage Yield (APY) to early investors who buy and stake PEPU.
To participate in the ICO, you can purchase PEPU right now for $0.009651 via the simple buy widget on its website using ETH, USDT, or a bank card. If you are interested, buy before a price hike in less than 23 hours.
Purchase PEPU tokens on the official website here.
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