Pepe Price Prediction: PEPE Pumps 5%, But Investors Are Flocking To This PEPE 2.0 With A 259% APY

Pepe Price Surge Sparks Bullish Trend Reversal

The Pepe price has soared 5% over the past 24 hours, reaching $0.000008187 as of 00:42 a.m. EST. Trading volume has dropped 50% to $1.6 billion.

Market Recovery Post-Crash

This surge follows the crypto market's recovery from Monday's crash, which saw Bitcoin (BTC) briefly dip below $50,000. As BTC rebounded to $57,000, investors regained confidence and began buying the dip, leading to a sustained bullish trend reversal for PEPE.

Pepe's Technical Indicators

Pepe's price has surged since mid-July, reaching a high of $0.00001288. Bears then pushed the price lower, forming a rounding bottom pattern.

However, PEPE breached the neckline at $0.000008534 and dropped to the $0.000006024 support level. Bulls have since taken over, propelling the price into a bullish trend reversal. It now trades within the neckline.

The Relative Strength Index (RSI) has rebounded from the 30-oversold region and currently stands at 49, indicating buyers have the advantage.

Additionally, the Moving Average Convergence Divergence (MACD) shows a bullish trend. The MACD lines have rebounded from below the neutral line, and the blue MACD line has crossed above the orange signal line, confirming the bullish momentum.

Pepe Price Prediction

Technical analysis suggests Pepe is poised for further bullish gains. The RSI and MACD indicate strong buyer interest, potentially pushing the price back to $0.00001037, coinciding with the 50-day Simple Moving Average (SMA).

Furthermore, the 50-day SMA is crossing above the 200-day SMA, forming a golden cross at $0.000010551, providing optimism for investors.

However, Pepe still trades below both the 50-day and 200-day SMAs, leaving some room for a bearish pullback to the $0.0000060 support level if bears gain control.

Pepe Unchained Presale

Investors are also considering Pepe Unchained (PEPU), an alternative to PEPE that has raised over $7.5 million in its presale. PEPU aims to overcome the limitations of PEPE, which operates on the Ethereum blockchain with its slow speeds and high gas fees.

Pepe Unchained boasts its own Layer 2 chain on Ethereum's network, offering faster transactions, greater scalability, and lower fees.

Token holders can earn passive income through the platform's staking system, which offers an annual percentage yield (APY) of 259%.

Prominent crypto channels on YouTube, such as 99Bitcoins, have endorsed PEPU as a potential 100X gainer.

Investors can purchase PEPU tokens for $0.0089105 on the official website using ETH, USDT, or a bank card.