LandWolf Price Surge Primed for Breakout
The LandWolf price witnessed a 5% surge in the past 24 hours, reaching $0.01677 as of 03:35 a.m. EST. Trading volume spiked 35% to $16.8 million.
Breakout from Rectangle Pattern Imminent
Following its launch, LandWolf skyrocketed to an all-time high of $0.0221 on June 21, before retracing slightly. It has since traded within a rectangle pattern, indicating a lack of trend.
However, the price has recently moved above the rectangle pattern's resistance level, suggesting an impending breakout.
Bullish Indicators Confirm Trend
LandWolf trades above both its 50-day and 200-day SMAs, reinforcing bullish momentum. The RSI stands above the 50-level, indicating potential for a rally. Additionally, the ADX suggests positive price momentum.
Price Prediction
Analysis of the 1-hour chart indicates that WOLF is poised to break out of the rectangle, targeting $0.025. Resistance would prompt a pullback to support levels of $0.01549 and $0.01474.
Pepe Unchained Presale Gains Traction
Amidst the LandWolf price surge, investors are also paying attention to Pepe Unchained (PEPU), a new meme coin. PEPU has raised over $1.9 million in less than two weeks, signaling strong momentum.
Pepe Unchained seeks to resolve scalability issues faced by traditional meme coins by utilizing its own Layer 2 blockchain. Token holders can generate passive income through staking with an annual yield of 1,018%.
99Bitcoins recommends PEPU as a promising investment due to its potential for significant returns.
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