Pepe Price Prediction: PEPE Surges 11% As This Layer 2 Alternative Rockets Past $19.6 Million In Presale
Release: 2024/10/15 16:04 Reading: 983
Meme Coin PEPE Surges over 11% with Strong Bullish Momentum
The Pepe cryptocurrency has experienced a significant surge in value, with its price climbing over 11% in the past 24 hours to reach $0.00001082 as of 11:28 p.m. EST. This surge has been driven by increased investor interest in the meme coin.
With this 24-hour gain, PEPE has managed to push its weekly performance into positive territory. As a result, the price of PEPE has risen by more than 8% over the past 7 days.
PEPE Attempts to Surpass Resistance at $0.00001102
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4-hour chart for PEPE/USD (Source: GeckoTerminal)
On the 4-hour chart, PEPE is attempting to break above the resistance level at $0.00001102. If the meme coin successfully overcomes this technical obstacle within the next 12 hours, it could establish a strong foundation for further growth. This could result in traders pushing PEPE's price up to $0.00001204 in the short term.
Conversely, if the bears defend the $0.00001102 mark, PEPE's bullish momentum could be halted. In this scenario, investors may opt to secure their profits, leading to potential sell pressure and a drop in PEPE's price to the immediate support level at $0.00000996. Continued selling pressure could further drive PEPE down to $0.00000899.
Technical Indicators Suggest Weakening Strength
Technical analysis suggests that PEPE's bullish momentum may be losing steam. The Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) indicators on PEPE's 4-hour chart show signs that bullish pressure on the crypto's price may be easing.
RSI readings have started to level off in the high 60s, indicating that bulls currently hold an advantage over bears. However, traders and investors should monitor this indicator closely, as high RSI readings often signal a sell signal. Therefore, the recent flattening of the indicator's values could be an early warning of a potential bearish shift.
Meanwhile, the MACD line remains bullishly positioned above the MACD Signal line. However, the gap between these two lines is narrowing, which could lead to a bearish trend reversal if buyers do not intervene soon.
Pepe Unchained (PEPU) Gains Momentum
Alongside PEPE's surge, investors are also flocking to the layer-2 alternative, Pepe Unchained (PEPU), which is nearing £20 million in presale funds raised. This makes it one of the most successful presales of the year.
Unleashing Utility in the Meme Coin Space
Pepe Unchained (PEPU) distinguishes itself from other meme coins with its unprecedented levels of utility. Through its native layer-2 network, the project aims to bring the lighthearted subset of the crypto space into a scalable era.
Pepe Unchained's blockchain will enable a significant increase in transaction speeds and significantly reduce network fees for meme coin enthusiasts. The project team plans to open its lightning-quick network to other meme coins, aspiring to become the preferred blockchain for meme coin developers.
Additionally, Pepe Unchained has launched a developer grant program, allowing developers to build decentralized applications (dApps) on its network. The team recently announced the launch of its layer-2 testnet.
These factors have contributed to bullish sentiment among experts and analysts regarding Pepe Unchained's native PEPU token. In a recent video, popular YouTuber Austin Hilton revealed that he doubled his initial $10K investment in the meme coin.
High Staking Rewards Attract Investors
To date, over $19.6 million has been invested in Pepe Unchained's ongoing presale, demonstrating strong investor confidence in the project's future. This includes significant purchases by crypto whales.
In addition to its speculative potential, utility, and meme coin appeal, PEPU offers an impressive 113% annual return rate for staking. Investors still have the opportunity to access these rewards by acquiring PEPU tokens through the simple buy widget on the project's website.
Purchasing PEPU tokens with ETH, USDT, BNB, or bank cards is currently available at $0.00999. Investors seeking the best price point should act promptly, as the price of PEPU is scheduled to increase with each presale stage. The next price hike is anticipated in less than 2 days.
Purchase PEPU tokens here before the next price increase.
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