LimeWire Price Prediction: LMWR Soars 31% After Bitvavo Listing As The New Pepe Unchained ICO Blasts Past $150K Within Minutes Of Launch

LimeWire Price Surges Over 31% After Second Listing

The LimeWire () price has surged by over 31% in the past 24 hours, reaching $0.4037 as of 7:35 a.m. EST. This surge follows the project's second listing in one week on Bitvavo, a leading European exchange. Within three hours of its listing, LimeWire experienced over $1 million in trading volume.

Bearish Channel Formation

Despite the initial upward movement, the LimeWire price has since fallen within a bearish channel. This is characterized by a series of lower highs and lower lows on the 4-hour chart. Should this trend continue, LMWR could lose the $0.4040 support level and potentially fall to $0.3586 within the next 24 hours.

Technical Indicators Point to Potential Drop

Technical indicators on the 4-hour chart suggest that the LimeWire price may continue to decline. The Relative Strength Index (RSI) has fallen from 70 to just above 50, indicating diminishing buyer strength. Additionally, the Moving Average Convergence Divergence (MACD) line is approaching a crossover below the MACD Signal line, which could signal the end of the current bullish cycle.

Pepe Unchained: An Alternative Investment

As the LimeWire price faces a risk of a decline, investors may consider Pepe Unchained (PEPU), a new ICO. PEPU aims to overcome Ethereum's scalability limitations with its own dedicated Layer-2 network. This offers faster transaction speeds and lower network fees, along with high staking rewards.

Pepe Unchained's Impressive Start

Pepe Unchained has raised over $245,000 within one day of its ICO going live. Investors can purchase PEPU for $0.008 using ETH, USDT, BNB, or bank cards through the project's website. Staking PEPU can yield up to 16,104% in annual rewards.