Pepe Coin (PEPE/USDT) has attracted significant attention after absorbing $300 million at key support levels overnight. Despite recent losses, investors remain confident of a rebound.
The current price is $0.0000113, and the market value stands at $4.7 billion. Technical indicators indicate oversold conditions, and the Pepe price forecast suggests a possible price increase as the market stabilizes.
VanEck’s mysterious post boosts Pepe coin amid market volatility
VanEck posted a striking frog meme on X (formerly Twitter), showing a frog taking center stage at a board meeting, surrounded by other animals. The post, titled “Important Topic Discussed on Board,” sparked huge interest and speculation in the cryptocurrency community.
Driven by social media buzz, Pepe quickly rebounded and is up about 11% in the past week.
Key insights:
Quick rebound: Despite an initial dip, Pepe coin showed its resilience riding on the social media craze, rising 11%.
VanEck’s Cryptocurrency Adventure: VanEck is expanding its presence in the crypto market, filing for the Solana ETF and becoming the first U.S. company to propose an additional altcoin ETF after filing for an Ethereum ETF.
Although a Pepe Coin ETF remains unlikely in the short term, VanEck’s interactive post clearly boosted morale in the Pepe meme community, indicating continued interest and investment potential in the coin.
Pepe Price Prediction
Pepe (PEPE/USDT), a popular meme coin, is currently experiencing a price correction. It was trading at $0.0000113 on Sunday. Despite losing nearly 4.50% in the past 24 hours, the coin still has a respectable market capitalization of $4.7 billion.
Although the current price trend is downwards, an ascending trend line provides support near $0.00001085. This suggests that the decline may be temporary and a rebound may be imminent. Technical indicators are also providing some optimistic signals.
The relative strength index (RSI) currently stands at 40, indicating that the coin is oversold, which usually signals an imminent price increase.
Pepe coin price prediction
However, the 50-day exponential moving average (EMA) $0.0000118 is acting as resistance that may hinder significant upward movement in the near term.
Traders are keeping a close eye on these key levels for potential buying opportunities and placing stop-loss orders below $0.0000104 as a precautionary measure. Overall, Pepe’s technical outlook suggests that a recovery is likely in the near future, especially if it can break above the 50-day EMA.
Pepe Unchained presale raises $1.5 million in one week, promises high returns
Pepe Unchained ($PEPU) quickly raised $1.5 million in its first week of pre-sale, becoming a strong competitor in the meme coin market.
Unlike its predecessor $PEPE, this new version enables faster and cheaper transactions via an independent Layer 2 chain on Ethereum.
Investors are flocking to $PEPU, pouring in hundreds of thousands of dollars every day. The current pre-sale price is $0.0081288 and is expected to rise to $0.0081613 in the next phase.
Key takeaways:
Enhanced transaction capabilities: faster and cheaper on your own Layer 2 chain.
Strong community support: More than 98 million tokens are pledged, with an annualized rate of return as high as 1614%.
Active pre-sale activity: The current price is $0.0081613 and will increase soon.
To participate, visit Pepe Unchained’s official website, connect your wallet, and purchase using ETH, USDT, BNB, or credit card. Join their communities on X and Telegram to stay up to date. Buy $PEPU now and capture potentially huge gains.
Buy Pepe Unchained here: https://cn.cryptonews.com/ext/pepeunchained-cn/
Original article: https://cn.cryptonews.com/news/pepe-price-set-for-a-boost-300-million-absorbed-at-support-level-overnight.htm
