Pepe Price Prediction: PEPE Plunges 13%, But Upgraded Rival Pepe Unchained Rockets Past $17 Million In Presale
Release: 2024/10/03 20:34 Reading: 803
Pepe Price Plunges, But Whales Accumulate
The Pepe cryptocurrency experienced a 13% decline over the past 24 hours, reaching $0.000008821 as of 5 AM EST. Trading volume also witnessed a 33% drop to $1.2 billion.
Despite the dip, data from Etherscan reveals continued whale activity in Pepe. Whales have recently purchased $58K worth of the meme coin, even amidst escalating tensions in the Middle East.
Pepe Price Prediction
Pepe's Bollinger bands have expanded significantly, often interpreted as a bullish indicator. However, this widening occurred due to the price pushing down the lower band. As of now, the price is showing signs of recovery, detaching itself from the lower band and moving towards the central area between the Bollinger bands.
This is a positive early indicator, suggesting an opportune time to buy Pepe.
Relative Strength Index (RSI)
Pepe's RSI value entered the oversold zone and reached a low point of 20.43. Since then, the RSI has begun to recover, indicating that traders are accumulating at the price trough.
Possible Price Scenarios
The possibility of Pepe's recovery remains uncertain, and its price may potentially settle between the Bollinger bands. The price recovery depends on bullish market sentiment and the ability of bulls to regain control. Alternatively, Pepe may rely on Bitcoin's recovery for a price uptick.
Promising Alternative to Pepe
Investors seeking a potential alternative to Pepe may consider Pepe Unchained (PEPU). This popular meme coin raised over $17 million in a recent presale.
Pepe Unchained's Advantages
Unlike Pepe, Pepe Unchained operates on its own Layer-2 blockchain. This unique feature makes it faster, cheaper, and more scalable. Prominent crypto influencer ClayBro predicts significant potential for PEPU, speculating a potential 100x growth.
PEPU Token Details
PEPU tokens are currently priced at $0.00991. Investors can purchase PEPU using ETH, BNB, USDT, credit, or debit cards. With a price hike approaching within 10 hours, it is recommended to act promptly to secure the best rates.
Visit the official PEPU website for more information.
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- Cilinix Crypto Pepe Unchained’s Presale Update
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- Pepe Unchained ICO Blasts Past $16.5M
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