Pepe Price Prediction: PEPE Plunges 4% As This Layer 2 Pepe Rival Races Towards $6 Million
Release: 2024/07/25 15:51 Reading: 638
Pepe Price Faces Volatility After Intraday High
In the last 24 hours, Pepe's price has plummeted over 4%, reaching $0.00001169 as of 11:50 p.m. EST. Despite reaching an intraday high of $0.00001311, it later established a daily low of $0.00001163. Although it has slightly recovered, Pepe still hovers near its 24-hour low.
Potential Breakout or Breakdown for Pepe
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Over the past few days, Pepe has consolidated between $0.00001070 and $0.00001325, which could indicate a potential breakout. If it breaks above $0.00001325, Pepe may flip it into a support level, leading to further gains.
Conversely, sell pressure could drive Pepe below $0.00001070, potentially reaching a short-term low of $0.00000895.
Technical Indicators Suggest Bearish Sentiment
Technical indicators on Pepe's 4-hour chart present bearish signals, suggesting a potential continued decline. The Moving Average Convergence Divergence (MACD) indicator recently triggered a bearish flag, while the Relative Strength Index (RSI) indicates increasing seller strength.
Pepe Unchained (PEPU) Presale Gains Momentum
Despite the bearish technicals for Pepe, there is significant bullish sentiment surrounding the Pepe Unchained (PEPU) presale, which has raised over $5.2 million. PEPU aims to resolve the limitations of the Ethereum network by introducing a layer-2 solution, offering faster transaction speeds and lower fees.
Investors Flock to PEPU for High APY
Those who purchase and stake PEPU tokens during the ongoing ICO can earn an annual percentage yield (APY) of 364%. Potential investors can use ETH, USDT, BNB, or a bank card to acquire PEPU, currently priced at $0.0086304. However, the price is set to increase in less than 18 hours.
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