Pepe Price Prediction: PEPE Plunges 5% In A Week As Investors Pivot To This Layer-2 Alternative That’s Raised $6.7M

Pepe Price Drops 5% as Meme Coin Bearish Thesis Takes Hold

At 11:45 p.m. EST, the Pepe price had plunged 5% over the past week due to traders abandoning the meme coin, leading to a 3% decline in the previous 24 hours to $0.00001098.

Pepe Tests Critical Support Level

The Pepe price is testing a crucial support level at $0.00001093. If the meme coin breaches this technical support, it risks falling further to $0.00000986 in the next 24 hours.

Conversely, if PEPE remains above $0.00001093 for the next 12 hours, the bearish thesis could be invalidated. Traders may then identify the current price as a buying opportunity. With potential bullish volume, the Pepe price could attempt to reclaim $0.00001219.

A 4-hour candle close above $0.00001219 within the next 48 hours could provide the necessary foundation for PEPE to continue its short-term rise, potentially reaching as high as $0.00001332.

Pepe at the Mercy of Sellers

Technical indicators suggest that PEPE may continue its downward trend in the coming 24 hours. The Moving Average Convergence Divergence (MACD) and Relative Strength Index (RSI) are both bearish.

The RSI has declined over the past day, indicating growing strength among sellers. The MACD line is below the MACD Signal line, further supporting the short-term negative trend.

While an RSI of around 33 may attract long-position traders, the increasing gap between the MACD and MACD Signal lines warns of intensifying bearish momentum. A leveling out of the MACD Histogram slope could signal a potential reversal.

Pepe Unchained: A Potential 10x Meme Coin

Despite PEPE's potential for further decline, the 99Bitcoins YouTube channel predicts that Pepe Unchained (PEPU), a new Layer-2 alternative, could emerge as the next 10x meme coin.

Unlocking Pepe's Potential

PEPE, known for its frog-themed design, has faced barriers due to Ethereum's scalability limitations and high fees. Pepe Unchained, with its dedicated sidechain, aims to address these issues by enabling transaction speeds 100 times faster than Ethereum.

Moreover, PEPU offers lower network fees and allows seamless asset bridging between its Layer-2 network and Ethereum mainnet. This provides the benefits of Ethereum's security and Pepe Unchained's enhanced speed.

High Staking Rewards

Pepe Unchained offers a 290% APY staking opportunity for presale investors. This, along with its speculative potential, could explain the project's successful $6.7 million ICO.

Purchase PEPU

PEPU can be purchased during its ongoing presale phase using ETH, USDT, BNB, or bank card. The token's price is expected to increase in less than 20 hours, so investors are advised to act quickly to secure the best deal.