Pepe Price Prediction: Time to Buy as PEPE Jumps 6%?
Release: 2024/10/21 16:49 Reading: 838
Pepe Coin Surges, Leading Meme Coin Rankings
Pepe (PEPE), the top-ranked frog coin, has experienced an impressive 6% increase in the past 24 hours, culminating a solid four-day rally.
Rally Highlights and Optimism
This recent surge has instilled optimism in PEPE holders. The coin currently sits at $0.0000106, representing a 27% jump from its low of last Thursday. The daily chart indicates a clear uptrend, with yesterday's close firmly above the key $0.000010 resistance level.
Spot trading volumes have also spiked to $1.2 billion within the past day, a 38% rise that places PEPE at the forefront of the meme coin rankings. Open interest has climbed to $80 million as traders speculate on the coin's future.
Technical Analysis
Despite its recent rally, PEPE still has room for growth. It trades 23% below its July high and 38% below its May all-time high. The technical indicators suggest a lack of overbought conditions, as seen by the daily RSI, and a favorable long-term trend, with the coin comfortably above the 200-day EMA.
Based on its previous bullish momentum, PEPE could potentially reach $0.0000124 on its next push. A jump to $0.0000153 is also possible, aligning with the 1.616 Fibonacci extension level.
Pepe Unchained's Potential
Alongside PEPE, Pepe Unchained (PEPU) is gaining attention in the presale stage. It has raised $19.6 million from early investors and is currently priced at $0.00999 per token.
Pepe Unchained's Unique Features
Unlike many meme coins, Pepe Unchained offers value through its proprietary Layer-2 blockchain, Pepe Chain. Designed to address scalability issues, Pepe Chain aims to provide significantly faster speeds and lower fees.
Other exciting features include a "double staking" app, a custom-built DEX on the Pepe Chain, and developer grants to foster ecosystem growth.
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