Pepe Unchained Price Prediction: PEPU Surges 107% After Uniswap Launch As Investors Flock To This New Meme Coin Rival That’s Soared Past $4....
Release: 2024/12/11 18:16 Reading: 406
Pepe Unchained Surges 107%
As of 11:00 p.m. EST, the Pepe Unchained (PEPU) price has skyrocketed 107% in the past 24 hours to reach $0.02156. This unprecedented surge follows the launch of the meme coin's presale on Uniswap on December 10th. Trading volume has also spiked to a remarkable $21.3 million.
Possible CEX Listings
According to the Pepe Unchained development team, the initial launch will be followed swiftly by listings on centralized exchanges (CEXs). Speculation suggests that the coin's extraordinary performance could lead to listings on major platforms such as Coinbase or Binance.
Bullish Price Action
Technical analysis on the PEPU/USD chart (15-minute timeframe) reveals a rebound in Pepe Unchained's price, forming a rounding bottom pattern. Bulls have taken advantage of the $0.013 support level to drive the price upward. A solid recovery has been observed from $0.013, reaching a peak of $0.025 before a slight retracement to $0.01915.
Potential Cup and Handle Pattern
The slight bounce from the current support level at $0.01915 may lead to the formation of a cup and handle pattern, with the potential to push the price even higher. Pepe Unchained now trades well above its 50-day Simple Moving Average (SMA) of $0.01729, indicating further potential for gains.
Neutral-to-Bullish Sentiment
The Relative Strength Index (RSI) currently stands at 56.72, suggesting neutral-to-bullish conditions. After briefly entering the overbought zone (above 70), the RSI has pulled back, reflecting the current consolidation phase. The cup-and-handle breakout signals a potential continuation of the bullish trend.
Potential Targets and Support
If buyers regain momentum, the next target for Pepe Unchained could be the $0.02600-$0.03000 zone. Alternatively, if the bears take control, immediate support lies near $0.02000 and the SMA at $0.01729. A breakout below these levels could indicate a shift to bearish sentiment.
Wall Street Pepe (WEPE) on the Rise
Amidst the Pepe Unchained surge, investors are also flocking to another Pepe alternative called Wall Street Pepe (WEPE). WEPE is a project that reimagines the beloved Pepe meme as a sophisticated investor, providing exclusive trading insights and strategic information to holders to empower their investment decisions. The WEPE Token also offers a passive income opportunity through staking, delivering a 140% annual percentage yield (APY).
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