Pepe Price Prediction: PEPE Pumps 8% As This Layer-2 Meme Coin Charges Towards $8 Million

Pepe Price Soars, but Faces Potential Pullback

The Pepe price has surged over 8% in the last 24 hours, reaching $0.000008523 as of 7:30 a.m. EST. Investors are accumulating the meme coin heading into the weekend.

Key Support and Resistance Levels

4-hour chart for PEPE/USD (Source: GeckoTerminal)

The Pepe price is currently resting on a key support level at $0.000008480. If it falls below this level in the next 12 hours, it could decline further to $0.000005719 within the following 24 hours.

Alternatively, if buyers see the current levels as a buying opportunity, the Pepe price could rise and flip the immediate resistance at $0.000010942 into support.

Technical Indicators Signal Caution

Technical indicators on Pepe's 4-hour chart suggest a potential pullback in the near term. The Moving Average Convergence Divergence (MACD) and Relative Strength Index (RSI) indicators both show negative signals.

The MACD line is approaching the MACD Signal line, indicating a potential shift in momentum to the downside. The RSI has also fallen into the mid-50s, suggesting diminishing buyer strength.

Unlocking Pepe's Potential

Despite technical headwinds, investors remain bullish on Pepe, seeing its layer-2 counterpart, Pepe Unchained (PEPU), as a potential game-changer.

Pepe Unchained aims to empower Pepe by providing faster transaction speeds and lower costs on its own dedicated layer-2 network. This could unlock Pepe's full potential and attract new investors.

PEPU's Presale Success

Pepe Unchained has raised over $7.8 million through its ongoing presale, indicating strong investor confidence in the project. The presale offers a 248% APY to early investors who stake their PEPU tokens.

Presale buyers can purchase PEPU for $0.0089461 using ETH, BNB, USDT, or bank card. The token can be staked immediately on the Pepe Unchained website to earn the high APY.