Pepe's price is up 36% in the past week and is up slightly by 0.9% in the last 24 hours to trade at $0.00001126 as of 12:40 AM ET with an 8% drop in trading volume to $2.2 billion.
Pepe Price Bulls Stock Uptrend May Continue
The PEPE/USD price action shows several key technical indicators and patterns that suggest a potential bullish breakout. One notable pattern is the falling wedge, a bullish reversal pattern that often signals an upcoming bullish price move after a period of consolidation.
The wedge appears to be narrowing, and the price is approaching a potential breakout point, which could lead to a significant price spike. A support zone has been established, and the price is constantly testing and rising above this level, indicating strong buying pressure and preventing further declines.
PEPEUSD Analysis Source: Dextools.io
The 50-day simple moving average (SMA), represented by the blue line, is trading below the 200-day simple moving average (green line), reversing a previous downtrend. However, there is a potential moving average crossover near the current price, suggesting that a bullish crossover could be imminent if the 50-day SMA rises above the 200-day SMA.
Pepe price indicators point to a bearish reversal in the future
Looking at the indicators, the MACD has crossed into a positive zone above the neutral level, indicating that the bullish momentum is increasing. The chart also shows green bars, confirming the bullish momentum.
Additionally, the Relative Strength Index (RSI) is trading at 76.42, above the overbought threshold of 70. This indicates that Pepe price is seeing strong buying activity, but also raises the possibility of a short-term pullback or correction if the overbought condition persists.
There is a possibility of an upside breakout, as the price flies above the wedge towards new resistance. If the breakout occurs, the price could rise towards the target price of around $0.00001500, as shown in the chart. However, caution is advised due to the overbought RSI, as a short-term correction may occur before further upward movement.
Supercharged Layer 2 Meme Coin Hits $16.4M+: Is It The Best Meme Coin To Buy Right Now?
Meanwhile, as the price of Pepe continues to rise, Pepe Unchained (PEPU), a powerful layer 2 coin, has soared to over $16.4 million in its presale, drawing attention as one of the fastest-growing presales this year.
The recent surge in Pepe Unchained (PEPU) has caught the attention of prominent YouTuber ClayBro, who boasts over 130,000 subscribers. He says that PEPU tokens could create a new crop of millionaires once they launch.
It has also caught the attention of whale investors, one of whom pumped $53,000 into the project on Friday.
Pepe Unchained is making significant progress in the cryptocurrency space, offering solutions to some of the technical challenges that have caused disruptions to blockchains like Solana and TON.
To address these issues, PEPU introduced its own layer 2 blockchain. Processing transactions on a separate chain reduces the load on traditional layer 1 networks, resulting in a smoother and more efficient experience.
As its name suggests, Pepe Unchained aims to free PEPE from the old and complex layer-1 server room, providing up to 100x faster transaction speeds and significantly lower transaction costs on the Pepe Unchained network.
A quick look at Pepe Unchained L2!
What we are building is not just a new series, but an entire ecosystem.
🐸Baby without restrictions L2
🐸Block Explorer
🐸Dex
🐸Bridge
🐸Advanced Analytics
🐸Construction Grants
High returns and incentives for developers
Additionally, PEPU’s layer 2 solution allows users to easily transfer value between the secure Ethereum network and the high-speed Pepe Unchained blockchain, positioning it as a strong contender in the meme coin market.
Furthermore, developers can build decentralized applications (dApps) on the Pepe Unchained network, expanding its uses beyond meme coins. This is supported by the introduction of the “Frens With Benefits” developer grant program, which is designed to foster innovation on the platform.
PEPU also attracts investors with a 130% annual return for those who stake their tokens.
If you are thinking of buying PEPU, its current price is $0.00989, with payment options in ETH, USDT, BNB, or via bank card. With the price rising in less than two days, acting quickly will ensure you get the best price.
Buy PEPU on the official website here.
Related Articles
Hamster Kombat Price Prediction: HMSTR Up 4% Says Experts Consider This Presale With 874% APY
Best Crypto Presales to Invest Now for 10x Gains in 2024
Best Cryptocurrencies to Invest in Right Now September 28 – Litecoin, Oasis, Altair
