Pepe Price Prediction: PEPE Plunges 5% As Investors Flock To This Layer-2 Alternative That’s Just Blasted Past $2 Million

Pepe Price Plummets Amidst Sell-Off

The price has witnessed a significant decline in the last 24 hours, plunging by over 5% to reach $0.00001089 as of 12:00 a.m. EST. This latest drop contributes to a more than 15% decline in the past week and a 25% loss over the past month as investors cash out their holdings.

Negative Trend Line Weighs on Pepe

A medium-term negative trend line has emerged on Pepe's 4-hour chart, indicating a series of lower highs and lower lows. Continued selling pressure could push the price below the immediate support level at $0.00001083, potentially leading to a further decline to $0.00000983 within the next 24 hours. However, a break above $0.00001083 could invalidate this bearish scenario and entice buy orders.

Technical Indicators Signal Bearish Sentiment

Bearish technical indicators, including the Moving Average Convergence Divergence (MACD) and Relative Strength Index (RSI), suggest that Pepe's price drop may continue. The MACD line has crossed below the MACD Signal line, forming a bearish flag, while the gap between the two lines is widening, indicating intensifying selling momentum. The RSI has also dropped below 50, signaling that sellers have gained control.

Alternative Meme Coin Attracts Investors

Despite the bearish trend in Pepe, investors are turning to Pepe Unchained (PEPU) for its high rewards and promising utility. PEPU, a new meme coin, introduces its own layer-2 blockchain network, offering faster transaction speeds than Ethereum and extremely low network fees.

Rewarding Early Investors

PEPU is currently in its ICO phase, with over $2 million raised. Presale investors who stake their tokens are eligible for an annual yield of 924%. These rewards have attracted attention from major influencers in the crypto community.

Purchase and Stake PEPU

Investors can purchase PEPU via the website widget using ETH, USDT, BNB, or bank cards. Once purchased, tokens can be locked up in the staking smart contract to earn the high annual rewards. The price of PEPU is set to increase shortly, so investors are advised to act quickly.