Limewire Price Surges Amidst Crypto Market Crash
The Limewire token (LMWR) has experienced a significant surge of 17% within the past 24 hours. As of 03:50 a.m. EST, it is trading at $0.411, with a trading volume that has skyrocketed by 90% to reach $9.2 million.
This surge follows the token's second new listing within a week. LMWR is now available on Bitvavo, a leading European cryptocurrency exchange with over 1.5 million users.
Technical Analysis Paints Bullish Picture
Amidst a broader crypto market crash, which has seen the industry's market capitalization drop by 3% to $2.3 trillion, Limewire's surge is particularly notable. Bitcoin, the dominant cryptocurrency, has lost 2% in the last 24 hours.
Technical analysis indicates that LMWR is poised for a bullish rally, breaking through a falling wedge pattern. The token has found support around $0.27 and is pushing towards prices above the wedge's upper boundary.
The Relative Strength Index (RSI) is rebounding from the oversold region and currently stands at 45, suggesting intense buying pressure. The Moving Average Convergence Divergence (MACD) is also bullish, with the MACD line crossing above the signal line, encouraging further buying.
Limewire Price Prediction
Based on technical indicators, the Limewire price could potentially reach a new all-time high of $2.0. The RSI and MACD both indicate sustained bullish momentum, which could propel the token to this target.
However, a bearish scenario remains possible if the bears exert further pressure at current levels. LMWR may retrace to its next support zone at $0.17.
Pepe Unchained Presale Attracts Investors
As the LMWR price surges, investors are also showing interest in the new meme coin presale, Pepe Unchained (PEPU). The project has raised over $500K and is expected to soar in value after its launch.
Pepe Unchained aims to address the scalability and efficiency issues commonly faced by meme coins on the Ethereum Layer-1 blockchain. Token holders can earn passive income through the platform's staking system, which offers an APY of 4,837%.
Investors can purchase PEPU tokens for $0.008032 each on the official website using ETH, USDT, or a bank card.