Pepe Price Prediction: PEPE Pumps 5%, But Investors Rush To Buy This Layer-2 Meme Coin For Parabolic Gains

Pepe Surges 5%, Meme Coin Market Rebounds

The Pepe coin surged by 5% in the past 24 hours, reaching a trading price of $0.000007768 at 00:47 a.m. EST. The surge coincided with a 23% increase in trading volume, reaching $684 million.

The broader meme coin space also experienced a 5% rebound in the last 24 hours, resulting in a market capitalization of $38 billion.

Technical Analysis Indicating Uptrend for Pepe

Pepe's price has oscillated within a range over the last two weeks, consolidating between resistance at $0.000008665 and support at $0.000007212.

Notably, Pepe has crossed above its 50-day Simple Moving Average (SMA), suggesting a potential shift towards an uptrend. Should this momentum continue, Pepe could potentially overcome the immediate resistance at $0.000009726, which marks the 200-day SMA.

Furthermore, the Relative Strength Index (RSI) is positioned above the 50-midline level and trending towards the overbought region, indicating buying pressure for the asset.

The Moving Average Convergence Divergence (MACD) also presents a bullish signal, as the MACD line has risen above the neutral line.

Bullish Outlook Targetets $0.000010

If the bullish momentum persists, Pepe could break through the upper boundary of its sideways pattern, with a potential target of $0.000010. However, if bearish pressure emerges at this level, Pepe may experience a pullback to $0.0000070 in the short term.

Alternative Investment: Pepe Unchained (PEPU)

Alongside Pepe's price surge, investors are exploring alternative investments, including Pepe Unchained (PEPU), which has raised over $9.5 million in its presale.

PEPU aims to emulate Pepe's success as a top meme coin by market capitalization. However, unlike Pepe, which operates on the Ethereum blockchain, PEPU is introducing its native Layer 2 chain built on top of Ethereum.

This move eliminates the limitations of Ethereum, offering faster transaction speeds, scalability, and lower fees. PEPU holders can also earn passively through staking, with an annual percentage yield (APY) of 208%.

Presale Details

PEPU tokens can be purchased at $0.009163 each. With a price hike expected in less than 4 hours, early investors are advised to act promptly to secure the best deals.

To participate in the presale, visit the official website and use ETH, USDT, or a bank card.