Pepe Unchained Price Prediction: PEPU Pumps 20% As This Rival Degen Crypto Goes Parabolic In Presale
Release: 2024/12/25 18:39 Reading: 812
Pepe Unchained Primed for Bullish Reversal
The Pepe Unchained (PEPU) price experienced a significant surge of 20% in the last 24 hours, reaching $0.01369 at 9:36 p.m. EST. Despite a 30% decline in trading volume to $7.34 million, this increase suggests potential for a bullish trend reversal.
Falling Wedge Pattern Indicates Consolidation
Technical analysis reveals the formation of a falling wedge pattern in the PEPU price chart, suggesting a period of consolidation before a potential upward breakout. Falling wedges typically indicate a bullish reversal, as they signal a shift from selling pressure to buying pressure.
Technical Indicators Align for Breakout
The 50-day Simple Moving Average (SMA) at $0.01205 provides support for the PEPU price, which has recently crossed above this level. The Relative Strength Index (RSI) of 56.12 indicates a neutral-to-bullish sentiment, with room for further upward movement.
Breakout Potential with Target of $0.020
If PEPU breaks above the upper trendline of the falling wedge with strong volume, a potential target of $0.020 could be reached. Conversely, a break below the lower trendline could result in a retracement to the $0.01000 support zone.
Disclaimer: This article contains references to specific cryptocurrencies, but does not constitute financial advice or promotion.
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