Pepe Price Prediction: PEPE Surges 13%, But Experts Say This Layer-2 Alternative Might Be The Best Crypto To Buy Now
Release: 2024/10/07 17:14 Reading: 922
Pepe Price Surges Amid Meme Coin Rally
In the past 24 hours, the price of Pepe has surged 13%, trading at $0.00001056 as of 00:37 a.m. EST. Notably, trading volume has skyrocketed by 78% to $2.2 billion.
This surge coincides with an 8% increase in the meme coin market, bringing its market capitalization to $55 billion. Leading meme coins DOGE and SHIB have also seen gains of 4% and 6%, respectively.
Pepe Price Trend Analysis
Technical analysis indicates that Pepe's recent upswing has invalidated a potential rounding top pattern, with the price breaking above key support at $0.00000841.
Currently, Pepe is trading above both its 50-day and 200-day Simple Moving Averages (SMAs), reinforcing the bullish trend.
The Relative Strength Index (RSI) stands at 67.59, nearing the overbought zone. While this suggests increasing buying pressure, it also indicates the potential for a correction.
Additionally, the Moving Average Convergence Divergence (MACD) line has crossed above the signal line, providing another bullish signal. The positive histogram bars further support the strengthening bullish momentum.
Price Predictions
Pepe price is approaching resistance at $0.00001100. A breakout above this level with significant volume could propel the price towards $0.00001300.
However, if the price fails to break through this resistance, it may retreat towards the 50 MA at around $0.00000999 or even the 200 MA at $0.00000841.
Alternative Meme Coin: Pepe Unchained
As Pepe continues its upward trajectory, investors are showing interest in Pepe Unchained (PEPU), a Pepe-themed presale alternative.
99Bitcoins, a popular YouTube channel, has predicted a potential 100X surge for PEPU post-launch.
Pepe Unchained Presale Progress
Pepe Unchained has raised over $17.8 million in its presale, attracting "whale" investors with a recent purchase of $51,000 worth of PEPU tokens.
The project aims to "unchain" Pepe from its outdated blockchain by introducing its own Ethereum Layer 2 blockchain, offering improved scalability and lower transaction costs.
Token holders can also benefit from a staking system that yields an impressive 122% annual percentage yield (APY).
Presale participants can acquire PEPU tokens through the official website using ETH, USDT, or bank cards.
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