Pepe Price Prediction: PEPE Pumps 4% In A Week, But Investors Flock To This Layer-2 Meme Coin Offering A 231% APY
Release: 2024/08/13 12:34 Reading: 229
Pepe Price Surge: Meme Coin Gains Traction
The price of Pepe has rallied over 4% in the last week, with a 2% increase in the past 24 hours. As of 11:45 p.m. EST, the meme coin is trading at $0.000008035, as investors show renewed interest in its potential.
Trading Volume Spikes
Alongside the price increase, Pepe's trading volume has also surged by 15%, surpassing $808 million. This surge in activity suggests that investors are actively buying into the meme coin.
Consolidation Phase
Pepe has been consolidating within a tight range between $0.000007212 and $0.000008988 for the past few days. This sideways trading period could indicate an accumulation phase before a potential bullish move.
Bullish and Bearish Scenarios
If buyers continue to push Pepe higher in the coming 48 hours, the coin may attempt to break above the resistance level at $0.000008988, potentially triggering a further rally to as high as $0.000011872.
On the other hand, a reversal in sentiment could lead to a decline in Pepe's price, testing the support level at $0.000007212. Further selling pressure could result in a drop to $0.000005585 within 24 hours.
Technical Indicators
Technical indicators on Pepe's 4-hour chart hint at a slightly bearish bias. Both the MACD and RSI are showing negative signals, suggesting a potential price drop. However, the MACD is closing in on the MACD Signal line, which could indicate a potential trend reversal.
Pepe Unchained: A New Era for Pepe
While Pepe trades within the consolidation channel, some investors are turning their attention to Pepe Unchained (PEPU), which offers a staking program with a competitive 231% APY.
PEPU aims to enhance Pepe by moving it to its own layer-2 network, allowing for faster transactions and lower fees compared to Ethereum. This could provide a boost to the meme coin's potential.
PEPU's ICO Success
Over $8.4 million has been raised in Pepe Unchained's ongoing ICO, indicating strong investor support. The project's unique features and staking rewards are likely factors contributing to this success.
Investors can purchase PEPU on the project's website using ETH, USDT, BNB or bank card. It is expected that the token's price will increase in subsequent stages of the ICO.
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