The SuperVerse price has surged 12% in the last 24 hours to trade at $0.8479 as of 6:35 a.m.EST on a 272% pump in trading volume to $90 million.
SuperVerse Price Poised For A Further Bullish Rally
The 4-hour chart for the SUPER/USD trading pair shows a strong bullish trend. The price is currently trading at approximately $0.8342, just below a recent high that may act as short-term resistance.
The 50 simple moving average (SMA), located at $0.6651, is trending upward, reflecting short-term bullish momentum.
Similarly, the 200 SMA at $0.6277 is also below the current price, further confirming the overall uptrend. The price’s position above both of these moving averages is a strong indicator of sustained bullish activity.
SUPERUSD Analysis Source: Dextools.io
A support zone around the $0.60 level has played a significant role in the recent price action, providing a foundation for the current upward movement.
SuperVerse Price Overbought RSI Warns Of A Correction
The price has followed a parabolic curve, suggesting an accelerated increase in buying pressure. While this parabolic move underscores the strength of the current trend, such formations often precede sharp corrections, so caution is advised.
The Moving Average Convergence Divergence (MACD) indicator supports this bullish sentiment. The MACD line is at 0.0527, well above the signal line at 0.0381. Furthermore, the positive and increasing histogram bars reinforce the bullish momentum, indicating that buying pressure is continuing to build.
However, the Relative Strength Index (RSI) is trading at 74.80, placing it in the overbought territory. This indicates intense buying pressure. If the increase in momentum is strong, the SUPER may be overextended, increasing the likelihood of a pullback or a period of consolidation.
While the chart indicates a clear bullish trend with the price breaking above key moving averages and strong MACD support, the overbought RSI indicates potential for a short-term correction.
Key levels to watch include the $0.8342 resistance and the $0.60 support zone, which will be critical in determining the next phase of price action.
Pepe Unchained ICO Hurtles Towards $13 Million: Next Crypto To Explode?
As the SuperVerse price continues its bullish surge, Layer 2 meme coin Pepe Unchained (PEPU) has stormed past $12.8 million in funds raised in its presale, one of the most successful of the year.
Popular YouTuber ClayBro, with over 130,000 subscribers, says that Pepe Unchained could even end up leading the meme coin sector.
Pepe Unchained (PEPU) could be the game-changer that propels PEPE to the top of the broader crypto market.
So far, PEPE’s growth has been held back by high transaction fees and slow processing times, thanks to its reliance on the congested Ethereum network. This has led to a less-than-ideal experience for PEPE enthusiasts.
Pepe Unchained aims to fix this by moving PEPE’s transactions onto its own side chain. This shift will enable PEPE users to enjoy transaction speeds that are 100 times faster than any meme coin on Ethereum. Plus, fees will drop to just a fraction of what they are now.
THIS is how it feels to enter the Pepe Unchained presale.
LFG pic.twitter.com/PY4ir9mLRU
— Pepe Unchained (@pepe_unchained) September 8, 2024
Pepe Unchained’s Layer-2 network might also pave the way for future meme coin projects, bringing more utility and functionality to this fun and playful sector of the crypto market.
The project team is also offering a 159% Annual Percentage Yield to investors who buy and stake PEPU at this early stage.
To participate in the ICO, you can buy PEPU through the simple buy widget on its website for $0.009651 using either ETH, USDT or a bank card. But you should hurry because its price is set to increase in less than 2 days.
Purchase PEPU tokens on the official website here.
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